The problem with Obama's economic team is that they are over 40 and Democrats

Grover Norquist, President of Americans for Tax Reform:
This means they do not understand economics. They think you can tax work without causing unemployment. They think raising the capital gains tax will raise money and not hurt capital investment. They think regulatory costs are paid by Santa Clause or Tinkerbell.

They believe that taxing energy companies reduces rather than increases the cost of energy to consumers. Those in Congress voted for everything that failed in the 1970s and against free trade, flexible labor markets and lower tax rates. They defend their Enron-- Fannie Mae and Freddie Mac--because crooked accounting done in the name of social justice is virtuous and doesn't really have costs.

They believe you can take money from one part of the economy and put it elsehwere and you have created wealth. That stealing from Peter to pay Paul increases the GNP. And if any economic sense crept into the administration, Cerberus, the three headed monster of trial lawyers, labor union bosses and big city machines that rules the modern Democrat party will stop any common sense from interfering with the goals of the parasites.
Obama