- Jan 6, 2008
The whole theory doesn't even pass the BASIC logic test. If government could in any way, increase economic growth, like I said before, Chinese-Communists from prior to 1977, would have had the most wealthy nation the world has ever seen. Instead they had the poorest. India before 1985 would have been a massive economic power, instead of poor peasants looking for rice to eat. And of course, the Soviet union would have dominated the world, instead of not being able to feed it's own people.
In all cases, those governments made even Obama's expenditures look like buying bubble gum and baseball cards. Yet, the outcome was not increased prosperity and economic growth. In fact, in some cases it lead to mass starvation.
So again, explain to me why you think Overspend Obama's plan is going to succeed, where a hundred years of history prove it won't?
Answer? You are a political hack that doesn't know economics, and just believe whatever the left tells you to believe.