July 11, 2009
On Obama, Africa, and Institutions
Like Tim, I also had a mixed reaction to Obama's comments today in Ghana. While it's great that Obama said, "Africa doesn't need strongmen,it needs strong institutions," it's hard to take such comments seriously from a president who's undermining institutions such as bankruptcy and contract law by strong-arming GM bondholders and AIG employees due to receive bonuses.
Posted by E. Frank Stephenson at 09:58 PM in
Economics