Tuesday, March 3, 2009

This Time With Feeling

Your economic caped crusaders, Messrs Bernanke and Geithner, travel to the Hill once more today, this time to address the Obama budget.

From a WSJ editorial today:

"The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier."

Maybe whoever wrote the above editorial should go along with them.

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