Obama and Economics

I have heard this idea repeated numberous times, but this article by Mona Charen is the latest. The idea is very simple to follow. After the Wall Street panic of 1929, there were two things that the Hoover administration did after the panic that are believed to have caused the Great Depression. One was that taxes were raised, and the other was the imposition of protectionist trade policies. Sen. Obama has said he wants to raise taxes and implement protectionist trade policies. I do hate to sound alarmist, but yes, I am very afraid that if Sen. Obama becomes Pres. Obama, this country will experience some of the most difficult financial times in history.