How loudly were they saying this for the past 8 years?!
Alas, as long as there are career politicians instead of citizen politicians, there will be politicians who want to look as if they are “doing something” about recessions, which automatically creates a market for Keynesian economists—no matter how often their ideas are debunked. In government, as in academia, ideas don’t have to actually work to survive, they just need people to believe in them.
Economic growth? No more than a change machine that gives you 65 cents for every dollar you put in on a good day.
Genius is rare - stupidity goes on forever, and it’ll be particularly concentrated in Capitol Hill and the White House next go around.
Genius is rare - stupidity goes on forever, and it’ll be particularly concentrated in Capitol Hill and the White House next go around.
"Economic growth results from producing more goods and services (not from redistributing existing income)"
This article is an excellent compendium of virtually every argument I've ever had with a liberal. Arguments that inevitably end with accusations that I'm either heartless, greedy, racist, or ignorant.
I'm convinced that either Conservatives have some genetic predisposition toward fiscal comprehension, or liberals have an innate perception of economics analogous to abstract art or a hallucinogenic trip.
Guys, this is GOOD news. Obama will think this will work and attempt to buy votes by including a small “middle-class” tax cut in his stimulus package.
The economy is about to go into a worse recession than in 1981-82 when the Gipper suffered through his lowest sub-40 approval ratings. But the economy is not going to rebound anywhere near what it did during 83 and 84 by the end of Obama’s term.
With productivity numbers way down (the tech boom is over), demand down permanently worldwide (no more easy financing), and a looming entitlements fiscal bomb; Obama is poised to be the 2nd coming of Jimmy Carter.
Lets hope he and his cronies in the mainstream media can’t cover his ass. That way Jindal or Romney can go in and fix things in 2012.
You can’t stimulate confidence.
Only a fool or a child could possibly think that flooding the economy with newly printed money could possibly produce more prosperity. Of that were the case we could just print everybody a truckload an we could all move to Beverly Hills. All government interference in the economy is an attempy to cheat reality. It’s a game of let’s pretend.