Robert Barro evaluates Obama's economic maneuvers:
I think the stimulus package was very stupid; it was awful. It’s just a tremendous waste of money and it’s going to cause some trouble in terms of a bigger public debt, it’s just wasting resources. But the more important thing is the financial system, and somewhat the housing related aspects. So on that, despite a lot of floundering around, mostly I think what they were doing is in the right direction. Since the Lehman disaster I think they made a big mistake by not bailing out Lehman Brothers, I think they recognized that two days later. I think that was Paulson’s individual fault and responsibility from what I can gather.
(hat tip: MR)
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2006-2011 archives for The Daily Dish, featuring Andrew Sullivan