Thursday, June 2, 2011

Double Dip Recession or Depression?

The financial news this morning noted that even the Obama apologist economist Robert Reich is finally acknowledging that the Keynesian stimulus is not working.  His solution?  He frantically is calling for more government spending!

I believe one definition of insanity is doing the same thing yet expecting a different outcome. If the “investment” in State Bureaucracy and pork barrel projects hasn’t “stimulated” the economy in three years, why would another dose be any different?

What the Lefties fail to grasp is that government spending is the problem, not the solution! Government spending has to to either borrow or print the money it spends. Both avenues are exhausted: The debt is being downgraded and the currency is being devalued.

The only hope is to reduce the debt and the government footprint on the economy and let the healing begin! And that means removing the onerous tax burden of the Socialized Medicine and allowing the foreclosures to work their way through the system!  Every government program to date has done nothing but retard the process and prolong the agony.

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