Archives for “Stimulus”
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’ [...]
Last week, Washington released the employment news, and it was bad. Nearly all the jobs added in May were from temporary government hires. While unemployment went down by a fraction, it was due to hundreds of thousands of people giving up on finding work. Without the effects of the Census hires, the economy nearly went [...]
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