The failed economic policies of the Obama administration

  1. tobey100 profile image62
    tobey100posted 7 years ago

    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.

  2. MikeNV profile image80
    MikeNVposted 7 years ago

    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?

  3. TMMason profile image69
    TMMasonposted 7 years ago

    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.