'Obama's Middle Class Malaise'

Hoover Institution scholar Richard A. Epstein has a great article taking apart President Obama's basic economic philosophy, showing why his policies are failing the very people he claims to want to help; the poor and the Middle Class.

The President's speech at Knox College needs some close deconstruction because it sheds harsh light on a problem that has dogged his domestic policy agenda from the beginning: intellectual rigidity. The President, who has never worked a day in the private sector, has no systematic view of the way in which businesses operate or economies grow. He never starts a discussion by asking how the basic laws of supply and demand operate, and shows no faith that markets are the best mechanism for bringing these two forces into equilibrium.

Read more: http://www.americanthinker.com/blog/2013/07/epstein_obamas_middle_class_malaise.html#ixzz2ad7gmbZo