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 Jack Lee3 months ago
It has been almost a year since he left office. Though he seems to stick around DC and make his comments occasionally about policies...The question I have for all is this - what is your opinion of this President in his...
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!
by Kathleen Cochran11 months ago
"One of the many underappreciated legacies of the Obama administration has been its widespread implementation of pro-consumer policies. Under the outgoing president’s leadership, multiple executive branch...
by Susie Lehto10 days ago
"The tables have turned and what was once the media’s favorite message — President Donald Trump colluded with Russia to steal the election — has now grown silent.Apparently, it’s Bill and Hillary Clinton...
by James Smith4 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 Glass.But why...
by Alexander A. Villarasa5 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...
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