The View From 1776
Saturday, September 10, 2011
Socialist State Planning: Obama Wants To Repeat 2009 Stimulus Failure
The president’s so-called jobs plan is a re-run of feckless Keynesian deficit spending, the same sort of spending that earlier produced only higher unemployment and a stagnant economy.
Keynes himself opined that government deficit spending was a form of “saving,” and it mattered not what the deficit money was spent on. That baseless belief seems to be what underlies Obama’s proposed “jobs plan.”