Obama's specifics: I liked the fluff better

Now that he has been elected president, Barack Obama can't get away with just promising to make the sky blue and to make his wife proud to be an American: he's shifting to making detailed policy prescriptions. Hold on tight:

Of course, the one missing piece from this mounting disaster is a big tax increase. Nevertheless, these are precisely the wrong things to be doing. Deep tax cuts are the way to stimulate us out of this. The same old borrow-and-spend tricks will only prolong the agony.

Obama's political future depends on his ability to either stimulate the economy or deflect blame while doing nothing that would really help. At least at first, he appears to be opting for the latter.