By VICTOR DAVIS HANSON,Investors Business Daily
Obama talks economics with Jay Leno in Hollywood
When it comes to our complex economy,President Obama would do well to heed the physician’s ancient commandment to first “do no harm.”
Instead,Obama’s administration has been prescribing all sorts of multibillion-dollar borrowing remedies without any consistent diagnosis of what is exactly wrong with the weak economy or even how bad things actually are.
Since becoming president,Obama has offered numerous bleak economic prognoses. He has told Americans:“The situation we face could not be more serious. We have inherited an economic crisis as deep and as dire as any since the Great Depression.”
He has also warned,“Recovery will likely be measured in years,not weeks or months”and “If nothing is done,this recession could linger for years.”