'The Failure of Obamanomics'
Most Americans are worse off today than they were five months ago when Barack Obama moved into the White House. Obama has managed to make the economic crisis worse. So much for that "hope and change" so many American voters fell for in November.
From a new column by Dick Morris and Eileen McGann:
The stimulus package was a total and complete failure. As predicted, as happened with Bush's 2008 tax cut, as happened with the Japanese stimulus packages of the '90s, fearful consumers sat on their money and wouldn't spend it. Keynesian economics didn't work. Again.Read the full column at Townhall.com
But the debt sure piled up. The deficit quadrupled and is sending interest rates soaring, as the government elbows aside businesses and consumers at the loan window, all in a desperate effort to borrow enough money to spend enough money to stimulate the economy, which isn't happening.
Labels: Barack Obama, Broken Promises, Debt, Economy, Taxes
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