The Obama Economy
How trillions in fiscal and monetary stimulus produced a 1.6% recovery.
never before has government spent so much and intervened so directly in credit allocation to spur growth, yet the results have been mediocre at best. In return for adding nearly $3 trillion in federal debt in two years, we still have 14.9 million unemployed.
Obama is now proposing another stimulus in the form of an “infrastructure bank”. Jennifer Rubin:
The assertion that a $50B program, after multiple stimulus plans, will improve our economic fortunes will strike some as nearly comic.
Only if you laugh so you don’t cry.
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