The economist who presided over the most disastrous series of policy decisions in the post-war era, worse even than Nixon's, is now telling Obama to be Bush-lite. After generating an ocean of red ink on the budget, Mankiw has the gall to say:
PAY ATTENTION TO BUDGET CONSTRAINTS The nation faces a long-term imbalance between government spending and tax revenue. The fundamental problem is that the federal government has promised the elderly more benefits than the tax system can support.
Just like you did, eh Prof. Mankiw?