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Monday, December 14, 2009

BANKER BAITING 101 -- Review & Outlook, The Wall Street Journal


Obama's latest populist turn won't help the recovery.

The Obama Administration desperately wants a strong economic recovery, or so it says, but does it have any idea how to encourage one?

It says it wants job growth, but its policies keep raising the cost of creating new jobs. It says it wants small business to take risks, but it keeps reducing the rewards if those risks succeed. And it says it wants banks to lend

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