Treasury Secretary Hank Paulson pointed a figurative gun to the heads of large bank CEOs, demanding that they accept government “investment” in their institutions. Thus began the left-inspired statist encroachment that has since moved into more areas than can be named, some of which include auto manufacturing, small agriculture, education lending, and even school bake sales.
The statist “solution” for improving the economy they brought down was Keynesian “stimulus” — y’know, the strategy which was tried and failed with FDR in the 1930s and in Japan in the 1990s. We were supposed to keep a straight face when they told us: “This time it’s going to work.”
It becomes more reasonable with each passing day to believe that Pelosi, Obama, Reid, and the White House’s group of economic lamebrains knew it wouldn’t work, and didn’t care. Why? Because almost two years and over $3 trillion in debt later, after stimulus has clearly failed, it’s still the only “solution” they offer.
Read the whole thing
No comments:
Post a Comment