No matter that Obama initially inherited a troubled economy. He's had almost three months to lay out his policies for moving forward. However, from all indications, he's really messed up.
Here's a great article that takes a look at the changes he's made and how they impact the economy:
1. Raising the tax rate on hedge funds and private equity funds will do nothing but slow investment in new business (and it's already been having a negative impact).
2. The cap-and trade program for carbon emissions (which don't matter anyways) would put a big handicap on any chance already hard hit manufacturers would have rebuilding their business.
3. Housing prices are definitely not going to go up if you make buying houses harder for anyone. Yet that is what Obama's new cut back on tax deductions for home loan interest for some individuals would do.
So far, all of the President's moves have had a negative effect on the economy. Is that what he's going for?
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