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.
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by lady_love1587 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!
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