Magazine October 31, 2011, Issue

Four-Point Plan for Failure

President Barack Obama during a meeting of the the President’s Council on Jobs and Competitiveness, Raleigh-Durham, N.C., June 13, 2011 (Larry Downing/Reuters)
The president would tax work and subsidize unemployment

I  believe in evolution, but when I was asked whether schools in my home state of Tennessee should be allowed to teach creationism, I answered: “Why not? They teach Keynesian economics, don’t they?”

Deeply held beliefs are persistent, even when they’re wrong. Judging from Pres. Barack Obama’s most recent jobs plan, it is clear that the president is choosing complex error over simple truth. As a former tenured professor at the University of Chicago, I am especially dismayed that our nation’s president, also a former faculty member at the University of Chicago, continues to advocate a policy that over the past …

Arthur B. Laffer — Mr. Laffer, chairman of Laffer Associates, is co-author, with Stephen Moore, of Return to Prosperity: How America Can Regain Its Economic Superpower Status.

In This Issue

Articles

Features

Education Section

Books, Arts & Manners

Sections

The Week

The Week

A bunch of obnoxious, freakish-looking people made a spectacle of themselves in downtown New York. You don’t say.

Recommended

The Latest