Once a Keynesian...


Well-Known Member
Nov 17, 2009
Somewhere Nice
...always a Keynesian.

What was that definition of INSANITY again?

"President Obama enter[ed] this Labor Day weekend with a serious problem on his hands. For all intents and purposes, the economy appears to be stuck in neutral, with news out [Friday] that the U.S. economy created a grand total of zero jobs in August. This followed two months of near zero growth. Not surprisingly then, the unemployment rate in August remained at 9.1 percent, virtually unchanged since April. In fact, it was completely unchanged, and for the first time since 1945, no new jobs were created -- Zero. America now has the weakest labor market in a generation, and the American people know it. ... [W]hile the U.S. economy is creating no net new jobs, President Obama is offering no new ideas to fix the problem. In a speech to a joint session of Congress [on] Thursday, the President is expected to rehash the same expensive, ineffective policies he has tried since his presidency began. And it's an economic philosophy that America has come to know all too well. The President hopes that through the sheer force of spending taxpayer dollars, he can turn the economy around. It isn't working -- and neither are nearly 14 million Americans. ... The two-and-a-half-year Keynesian experiment of flooding the economy with taxpayer dollars has failed, yet the President and his union allies continue to peddle the myth that the only way to save the economy is to spend more." --Heritage Foundation's Mike Brownfield

I think this is a critical time for BO. If he really does propose more spending on useless programs, while doing nothing to stop the job killing Obummercare, tyrannical regulations, ballooning deficit and bankrupt entitlement programs, and corrupt tax policies, then we know his chances of re-election are ZERO!