Obama is moving to supply side economics. He’s moving in former Commerce Secretary Bill Daley and considering Clinton appointee Gene Sperling to replace Larry Summers and, get this, he is scheduled to speak to the Chamber of Commerce to improve relations. All this must stick in the craw of Obama but who cares stocks are up and gold is down.
Obamanomics has been replaced by the Tea Party growth message and the economy has picked up the vibe. Economic growth is up 4 percent from the previous low of 2 percent and business confidence and job growth is in the air.
As the GOP congress looks around to repeal Obama-care, cut corporate taxes and stop the redistribution of wealth, tax hikes and the anti-business sentiment, everything is coming up roses. To use the words of our 44th president this is “a teachable moment.”