Tuesday, January 27, 2009

Video: Obama's Stimulus Dysfunction

If you thought Bush spent like a drunken sailor, know this: Obama's proposal for even more money for the non-stimulating "stimulus" will throw money down like a meth whore in Reno. The investment will be about as well spent, too. Watch the must-see video below for an explanation that even Barney Frank could understand. President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing - for all intents and purposes - to repeat Bush's mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous. (Source) CNB RSS Feed