Dean Baker is the author of the article President Obama Joins the Cult of Economics Deniers published in Nation of Change. He says:
But, President Obama is apparently not listening to economists anymore, so he wouldn’t care in any case. Just as we have many politicians who ignore climatologists in the design of energy policy, and politicians who think that biology has no place in teaching the origins of species, we now have politicians who think that economics has no place in designing economic policy.
I guess President Obama has gotten weary of occupying his position in the reality based community and has decided to make up his own set of facts. It worked for George Bush, why not for Obama?