Obama's Double-Down Gamble

Srodes, James
July 2010
American Spectator;Jul/Aug2010, Vol. 43 Issue 6, p52
The article discusses the decision of U.S. President Barack Obama to continue with the monetary and fiscal stimulus through 2010 and into 2011 before it will conduct serious efforts to reduce the annual federal spending overruns worth 2 trillion U.S. dollars. It says that the reasoning behind this move is quite puzzling considering the fact that Obama has been made to believe that the country's recession is over by the Federal Research and Treasury policy advisers. The author says that there is enough reason to be concerned about a bigger deficit burden.


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