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 Kathleen Cochran 6 years 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 to...
by Jack Lee 5 years 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 lady_love158 11 years ago
http://spectator.org/archives/2011/05/1 … economics/Sadly too many here believe as Jesses Jackson Jr. does. Luckily for us they aren't in congress too. His ideas teach us a couple of lessons, that elected and educated people in government are not the best and brightest nor are they correct...
by James Smith 9 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 only...
by lady_love158 12 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 Reality Bytes 9 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...
Copyright © 2023 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|