Ed Morrissey summarizes and comments on Martin Feldstein's outlook. The result is a failure to heed Economics 101, a class Obama apparently couldn't work into his schedule. The nation will reap the consequences. There's no glee in my soul, only sadness. Concluding paragraph:
Obamanomics is a disaster, and it couldn’t come at a worse time. Four
years ago, the country may have been resilient enough to shake off the
worst effects of Obama’s policies, but with our economy already
reeling, his taxes will kill any chance at recovery. We will spend
years running up massive deficits — which will prompt Obama to impose
higher and broader taxes. Get ready for one of the most vicious of all
vicious cycles.