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  • Obamanomics, RIP (by Arthur Laffer & Stephen Moore )

    10/02/2013 6:53:47 AM PDT · by Innovative · 9 replies
    American Spectator ^ | Oct 1, 2013 | Arthur Laffer & Stephen Moore
    Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.” But the best evidence of his shrinking agenda is the trend in federal spending. It’s falling, and not at a trickle. Think Niagara (figure 1). Many Americans who have sucked up the Keynesian vapors floating around in the ether cannot imagine that government spending actually hurts the economy. But we would love for the government-as-stimulus crowd to explain the chart below of government spending versus unemployment...