On the Friday before Christmas, President Obama announced that
he was appointing Mohamed A. El-Erian, the CEO of Pacific
Investment Management Company, as the chairman of his Global
Development Council.
The announcement didn’t get much attention, but it should. It exemplifies what’s wrong with Obama’s approach to economic policy, which amounts to: insult rich people as “fat cats,” raise their taxes, and then choose a favored few of them for special access.
Read more: http://reason.com/archives/2013/01/07/president-partners-with-pimco
The announcement didn’t get much attention, but it should. It exemplifies what’s wrong with Obama’s approach to economic policy, which amounts to: insult rich people as “fat cats,” raise their taxes, and then choose a favored few of them for special access.
Read more: http://reason.com/archives/2013/01/07/president-partners-with-pimco
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