The President is missing the long-term effects of his policies By Mitt Romney, OpEd Contributor - 3/17/09 9:49 PM President Barack Obama’s actions on the economy have had the opposite effect than what was intended. His address to Congress was meant to restore confidence; instead, consumers retreated and investors sold. His Treasury Secretary’s bank plan was meant to settle uncertainty; instead it added to it. Every speech, every interview, and every initiative has caused investors in America to recoil. With consumer confidence plummeting to its lowest level in history and the stock market falling 20% since his taking office, it’s...
