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Saturday, October 22, 2011

Buying A Pig In A Poke

Just What Is a “Green” Job? Obama’s minions don’t know; it’s just whatever they decide to call “green.” But that doesn’t stop them from wasting money on undefined targets. 

Doing so is in the Keynesian economic tradition, which says that government spending on anything, e.g., digging holes and refilling them the next day, re-digging the day after and re-filling ad infinitum, is “investment” in our future that, Obama promised in 2009, will revitalize the economy and drop unemployment below 8%.

It’s in that vein that New York Times socialist propagandist Paul Krugman clamors to increase Federal deficit spending to at least $8 trillion.