Gregory Mankiw's Bad Memory on Investment

Gregory Mankiw says that the economy's big problem is a lack of investment in equipment and software. And, he has some remedies that he suggests for President Obama. He is pushing tax reform, more NAFTA-style trade agreements, reduced regulation and weakening the power of workers.The general story is that we want to be even more business friendly.

Of course we did have a president who tried being business friendly. His name was George W. Bush. Gregory Mankiw should remember him since he was P...