Sour Fed Outlook Undercuts Obamanomics.(Barack Obama)(Table)

From: U.S. News & World Report | Date: May 21, 2008| Author: Pethokoukis, James | Copyright information

Byline: James Pethokoukis

The first thing I thought of when I read the Federal Reserve's dreary economic outlook--as contained in the meeting minutes released this afternoon (and in the chart below)--is how Barack Obama, if elected, is ever going to pass his big tax hikes on income and investment in that sort of economic climate. That slow growth would also mean higher budget deficits. To me, it seems more like a time to slash spending and taxes.

Economic Pro...

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