As you read this, Barack Obama will have been inaugurated as the
Since the meltdown of financial markets and the rise of TARP we are faced with another question of unsustainability. Can the U.S government spend its way to prosperity? Last year, on the campaign trail, Barack Obama said, “The core of our economic success is the fundamental truth that each American does better when all Americans do better; that the well-being of American business, its capital markets, and the American people are aligned.” One hopes that as he assumes office he will tone done the inflammatory populist rhetoric of those in his party who, in their zeal to level society, would reverse the impressive process of global wealth creation and poverty reduction.
The parallels the press has drawn between Obama and Abraham Lincoln are legion. Indeed, Team of Rivals author Doris Kearns Goodwin recently appeared on “Meet the Press” to underscore the point. (In truth there is far more that separates them.