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November 21, 2009

Obamanomics 101: No Need for Capitalism

Fred Barnes, Weekly Standard

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Back in February, President Obama met with a group of CEOs in the White House, seeking their support for his economic stimulus package. One of his chief targets was Jim Owens, the head of Caterpillar in Peoria, Illinois. The day after the session in Washington, the president flew to Peoria to speak at the Caterpillar factory and took Owens and newly elected Republican representative Aaron Schock, the youngest member of Congress at 28, with him.

Aboard Air Force One, Obama chatted amiably with Owens and Schock. Owens showed Obama two pages of a PowerPoint presentation. The first gave the details of China's stimulus, devoted mostly to infrastructure. The second was...

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TAGGED: economy

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