February 17, 2009

In earlier writings we said that the president had very astutely positioned his economic views in such a way that afforded him maximum flexibility. During the campaign he did not preclude tax cuts or spending increases. We argued that as time went by, the president would be forced to reveal his views. The recent press conference was such an episode. It revealed additional information that may allow us to get a better grip on the president’s true view of the world.

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