Southern Man

Thursday, March 08, 2012

The Chart Democrats Hate

The original chart was comes from a document that was released by White House economic advisors Christina Romer and Jared Bernstein on January 10, 2009. Based on these predictions, Dear Leader easily convinced the Democrat-ruled House and Senate to spend $878 billion dollars, promising four million new jobs at a cost of 200K each.

The guarantee was that if the stimulus package passed unemployment would go below 8%. It hasn't been near that since the stimulus passed.

Keynes was wrong. Government spending of borrowed money cannot "stimulate" the economy. It didn't work for Dear Leader in 2010. It didn't work for Bush in 2008. It didn't work for Japan, which tried all manner of stimulus packages and got a "lost decade" or two for their troubles. It isn't working in Europe, which is about to collapse like the financial house of cards it is. It doesn't work, period. It has never worked anytime or anywhere it was tried. But every US taxpayer shelled out about two grand each in the hopes of trying the same thing over and over in hope of a different result.

And Southern Man hopes that his inept Rs cram this down their throats every chance they get.


At Wednesday, March 14, 2012, Anonymous Firepower said...

Good stuff - deplorably, not many will care, even less, act.


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