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The cost of audacity: Obamanomics means less growth.(economic and health policy)

National Review

| May 04, 2009 | Ponnuru, Ramesh | COPYRIGHT 2009 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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ADDRESSING Congress in February, President Obama argued that the recession was no reason to hold off on his signature initiatives. It was, instead, all the more reason to act on them.

"The fact is, our economy did not fall into decline overnight," said the president. "Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. The cost of health care eats up more and more of our savings each year, yet we keep delaying reform. Our children will compete for jobs in a ...

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