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 Lee 14 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 8 years in office...?Overall, has he been good or bad for America?Please use...
by Kathleen Cochran 22 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 departments and independent agencies have enacted laws, rules and regulations designed...
by James Smith 5 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 are the Obama administration's failures, cover-ups and blatant abuses of power...
by Reality Bytes 5 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 cabinet.The report, by Michael Isikoff of NBC News, reveals that the Obama...
by Holle Abee 6 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 times, he seemed almost manic. I'd also tell both to be completely truthful, but that...
by lady_love158 8 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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