Ira Stoll on Obama’s Latest Crony Capitalist

b1e7c82710a5b01baef36b547d47fdb1febc Ira Stoll on Obamas Latest Crony Capitalist

On the Friday before Christmas,
President Obama announced that
he was appointing Mohamed A. El-Erian, the CEO of Pacific
Investment Management Company, as the chairman of his Global
Development Council.The announcement didn’t get much attention, but it should, says
Ira Stoll. It exemplifies what’s wrong with Obama’s approach to
economic policy, which amounts to: insult rich people as “fat
cats,” raise their taxes, and then choose a favored few of them for
special access.View this article.

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Ira Stoll on Obama’s Latest Crony Capitalist


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