Apr 28, 2009

A damaging first 100 days

CNBC’s monetary guru Larry Kudlow (pictured) weighs in on Barack Obama’s damaging first 100 days.

Kudlow2Mr. Obama is moving the country away from democratic free-market capitalism and toward a big-government, command-and-control vision of our nation’s economy. What we are witnessing is a triumph of government bureaucrats over entrepreneurs, investors, and small businesses.

The Pelosi-Reid budget Congress just passed, with Obama’s blessing, doubles the debt in five years, and triples it in ten.

To give some perspective, that debt level is higher than the combined debt levels generated under every president from George Washington to George W. Bush.

More here.