- May 20, 2009
- 144,520
- 66,932
- 2,330
I will give Obama credit for killing Keynesian economic theory. The absurd theory, the darling of Progressives everywhere, was that Gubbamint needs to deficit spend during economic downturn in order to "prime the pump" of the economy.
Nobody that's ever earned a paycheck in the private sector takes this theory seriously. Moreover it has failed every time its been attempted, most recently Failed Leaders Obama's Stimulus.
"Economist" Paul Krugman said that the Failed Stimulus failed only because it was too small, it needed to be at least twice as large. Yes, that's right, we needed to blow a hole in the Federal budget a trillion bigger than where we are in order to really Really REALLY AND TRULY show how it fails every time.
Keynesian Economics, RIP
And unlike where he had to share credit with the Navy Seal Team's hit on bin Laden, Obama gets all the credit for this kill.
Well done, Barry
Nobody that's ever earned a paycheck in the private sector takes this theory seriously. Moreover it has failed every time its been attempted, most recently Failed Leaders Obama's Stimulus.
"Economist" Paul Krugman said that the Failed Stimulus failed only because it was too small, it needed to be at least twice as large. Yes, that's right, we needed to blow a hole in the Federal budget a trillion bigger than where we are in order to really Really REALLY AND TRULY show how it fails every time.
Keynesian Economics, RIP
And unlike where he had to share credit with the Navy Seal Team's hit on bin Laden, Obama gets all the credit for this kill.
Well done, Barry