He doesn't embrace economic physics, and will likely be blamed.
http://shar.es/a8tE5
"Thus, as others before him have, President Obama is tackling the economy like a war, or a natural disaster, where a few decisions here and some strokes of the pen there should fix the problem in due time. Like an attack, itâs about action, not inaction. Itâs about listening to the top advisers (usually from academia) and doing what they think is best.
But hereâs the rub:
The economy is more akin to physics than it is to philosophy. Economics and the economy is subject to her own laws, which supersede the reach of man. A philosophy of economics might be capitalism, socialism, etc. However, economic laws still trump. Laws that if violated, produce consequenceâ¦action and reactionâ¦sooner or later."
http://shar.es/a8tE5
"Thus, as others before him have, President Obama is tackling the economy like a war, or a natural disaster, where a few decisions here and some strokes of the pen there should fix the problem in due time. Like an attack, itâs about action, not inaction. Itâs about listening to the top advisers (usually from academia) and doing what they think is best.
But hereâs the rub:
The economy is more akin to physics than it is to philosophy. Economics and the economy is subject to her own laws, which supersede the reach of man. A philosophy of economics might be capitalism, socialism, etc. However, economic laws still trump. Laws that if violated, produce consequenceâ¦action and reactionâ¦sooner or later."
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