As Shout Bits warned last November, Obama’s faithful reliance on ‘stimulus’ smacks of Pres. Roosevelt’s creation of the Great Depression. History seems clear that Keynesianism does not cure recessions, and in fact it makes them worse. The trajectories of FDR’s Great Depression, Japan’s lost decade, and now Obama’s ‘Summer of Recovery’ all prove that ‘stimulus’ does not work. Indeed, there is no example of Keynesianism ever helping an economy.

Therefore it is little surprise that economists are now predicting a double-dip recession or as CNBC reported today, a new Depression. Economist David Rosenberg, admittedly a pessimist, has finally stated the obvious, that patterns in GDP growth and the stock market are eerily similar to that of FDR’s Great Depression. While Keynes apologists like the New York Times’s Paul Krugman will never give up their faith, Keynesian economic thought is bankrupt and dead.

Here’s hoping that the November elections will dismantle the Democrat Party’s stranglehold on Washington and stop their furious race to the abyss of a new depression.