Obamanomics Leaving World Nervous | Daniel J. Mitchell | Cato Institute: Commentary

Obamanomics Leaving World Nervous | Daniel J. Mitchell | Cato Institute: Commentary: "When I was growing up, China's Communist leaders would attack the United States as 'capitalist running dogs.' How the world has changed: Chinese leaders now publicly fret about America's reliance on 'outmoded central planning.'"

"Ironically, the rest of the world has learned that easy money and deficit spending are a bad recipe, yet the White House somehow thinks that going back to Jimmy Carter's policies is the right approach for America."