You have to suspect not, given that he keeps saying that the economy is going to have a robust rebound at the same time the federal government is sucking up vast amounts of capital to fund its spending spree.
In this excellent WSJ column George Melloan points out the inconvenient truth: government deficits impede private growth. “Feeding the government and starving free enterprise looks like a prescription for long-term economic stagnation. It’s not unlike what we witnessed in the depression of the 1930s,” he writes.
