The election results in 2010 did more than take the Speaker gavel from the hand of the most dangerous woman on the planet, it was the death knell of the Keynesian economic theory.
The track record of JM Keynes "Increased government spending to stimulate the economy" has been a total, utter failure here in the USA every time its been tried.
Presidents Hoover and FDR tried it and they took a recession and turned it into the greatest economic decline since Atlantis sunk under the waves. Increased government spending yielded a decade long decline and 20% average unemployment.
In 2008 Obama tried his version and the Stimulus and $1.3 Trillion deficits and the $3 trillion the Fed has pumped out have done nothing positive for the economy; they have only exacerbated the problem. Do you understand that we've poured out almost $5 trillion since the start of 2009 to help the economy and it's not done a single positive thing?
Progressive have lied to use for generation about how the New Deal saved America from Capitalism. Now that they've lost their media monopoly we see the truth: Government Spending = Epic Fail.
It cost the Democrats Congress, it should Krugman his Noble Prize and we should laugh hysterically next time someone suggest we need "more government stimulus" to help the economy.
We just need to get through this period with our nation still intact, then we can laugh.
In fairness to the theory, the buffoons who were trying to operate the government infusion of money into the economy stole so much of, used so much for bribes, spent so much on pay backs and wasted so much creating of saving government jobs that the theory really didn't have a chance to work.
I don't think it could work executed the way these dolts did it. It has appearred to work in the past because the economy recovers while the Keynesians are spending money on graft and corruption. It might have happened again this time, but the wound inflicted was just a tad too deep.
The Dems gambled that they could steal a Trillion dollars and that the economy would recover on its own while they were doing it so they could claim to have made it recover. They lost the bet. The biggest economy in the world hobbled by the most crooked government in the world.
It looked like an even fight, but the crooks proved to be just too crooked.