March 12 (Bloomberg) -- President Barack Obama warned a group of chief executive officers that the U.S. can’t continue with “endless cycles of bubble and bust” and must build a new foundation for future economic growth.Oh! He's an economist now, on top of a Constitutional scholar, community organizer and all-round nice guy. He knows what the economy needs.
I started to report in-depth on this article, but you've got the link. He wants to fix everything at once, and doesn't have a plan to fix the first thing yet. He's still campaigning. Okay, just one:
He likened the initiatives outlined in his $3.55 trillion fiscal 2010 budget plan to projects by past presidents to build a transcontinental railroad, the interstate highway system and the space program.I swear, the man's a megalomaniac. All I've heard is that "he plans". I'd love to know what he plans to do. The three things he cited (railroad, highways, rockets) were fairly ambitious, with good benchmarks along the way to measure progress. Still, I haven't heard what he plans to do, distilled down into a single paragraph. He needs to pick a focus and stay with it.
Such plans aren’t intended to supplant private enterprise, Obama said. Rather, they are designed “to spur commerce and industry,” he said.