The feel-good economic policies of Obama's Keynesian philosophy are best described by William Sumner back in the 19th Century. Following Obama's model we tend to overlook the hidden costs, purposely. Sumner describes feel-good economics in this way:
Group A and Group B get together and decide how they can compel Group C to eliminate Problem X. Sounds great until you realize we're Group C. We who work, we who vote, we who raise our families as best we know how, we who own homes (for now), we who drive this economy and we, Group C, who pay. We always pay.
When my checkbook balance drops to near ZERO... I have to stop writing checks.
If only I could just keep on writing... I'd be RICH! Right?
It doesn't matter.
The Left and Progressives have ignored the facts of the failure of Keynesian economics for decades.
They won't admit it now... nor ever.
by James Smith3 years ago
When the liberal online rag, Politico, features a clip of Chris Matthews saying, “[Obama] obviously likes giving speeches more than he does running the executive branch,” we’re through the Looking...
by Reality Bytes3 years ago
A report Monday night on the nature of the administration's drone program has the potential to dramatically revamp the debate over President Barack Obama's foreign policy and the confirmation process for his incoming...
by lady_love1586 years ago
http://news.yahoo.com/s/nm/20100909/bs_ … titivenessOops, look like an objective third party has come to that conclusion, and Obama can no longer claim it's Bush's fault!
by Holle Abee4 years ago
To Obama, I'd say to be more engaged and show a little more passion. Act like you WANT to be POTUS for 4 more years.To Romney, I'd say, "Calm down!" I thought he did a good job in the last debate, but at...
by Alexander A. Villarasa3 years ago
Now that all three presidential and one vice-presidential debates are history, the quintessential question begs to be answered. Are we better off economically compared to 4 years ago when Pres. Obama assumed...
by GA Anderson3 years ago
Political pundits are saying the Obama admin is floating the typical "trial balloons", (ie. rumors to pundits to get it in the public conversation/news), of a wealth tax - to see if it would have a...
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