Timothy P. Carney is the lobbying editor for the Washington Examiner and he joined me last night to talk about his thought provoking new book "Obamanomics".
Before talking about the book, I had to ask Tim about his amazing experience as a young journalist in Washington DC, working as a protege of the legendary reporter and columnist Robert Novak.
The book itself stands conventional wisdom on its head. Carney argues that Obamanomics is actually good for Big Business, at the expense of almost everybody else.
"Just as President George W. Bush, with his bailouts, spending sprees, and new entitlements, abandoned the free market at the behest of Wall Street and drug makers, Barack Obama's vision of bigger government is also the dream of corporate lobbyists.
Obama's healthcare reform, stimulus spending, global warming legislation, and auto industry bailouts are ambitious packages of regulations, taxes, mandates, and spending that benefit Big Business -- what corporation wouldn't welcome