Here is Obama’s plan for failure. For instance he has promised to lower the debt. I think that promise has expired. And he will be friendlier to the working class by destroying the companies they work for. The man is a genius.
Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Economics in the Obama Presidency)
I can explain in simple terms why bottom up doesn’t work. Say you give a man a dollar stimulus and he spends it. About 10¢ of that dollar will wind up as profit for the manufacturer. This dollar will increase demand which will tend to cause prices to rise. Now suppose you give business a $1 tax cut. That whole dollar will go into making the business better serve its customers, tend to increase supply (lowering prices) and the very businesses that are satisfying their customers the most (doing more with less) will benefit the most from a tax cut on business. You know, reward winners instead of trying to pick them.
And here is another book that Obama needs to read. How to appoint people to government without embarrassing yourself. He seems to have missed reading it.
The Obama Political Appointee Primer
We now have a couple of benchmarks. We can look back in a year or three and see how he has been doing.
Why hasn’t Polywell Fusion been funded by the Obama administration?
IEC Fusion Technology (Polywell Fusion) Explained
Cross Posted at Power and Control