Voter remorse
From a Colin McNickle column in The Pittsburgh Tribune-Review:
History will show that the Obama-Dimmycrat Socialist Complex "Stimulus" Plan led us into a second Great Depression. At least one esteemed (or is it "steamed"?) economist thinks it will be in full force by the end of the second quarter. After all, it's the usual consequence of such massive interventionism.
As late Austrian economics pioneer Ludwig von Mises reminded in 1940, "Interventionist measures lead to conditions which ... are actually less desirable than those they are designed to alleviate.
"They create unemployment, depression, monopoly, distress. ... (And) if they stubbornly persist in the attempt to compensate by further interventions for the shortcomings of earlier interventions, they will find eventually that they have adopted socialism."
Why do we continually refuse to learn from history?
Labels: Barack Obama, Democrats, Economy
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