Obama and his boys are giving anyone who is paying attention a real-life, real-time lesson in macroeconomics. They are demonstrating the precise opposite actions that a country would take to recover from a recession. In fact, they are practicing the opposite of the proven recession-ending methods that Presidents Kennedy, Reagan, and Bush pursued. Either not bothering to observe history or purposely prolonging the recession in order to frighten the public into going along with their socialist agenda, the Obamaites are: raising taxes and incorporating restrictions upon the engine that makes an economy go: businesses. They are spending huge amounts of taxpayer dollars, borrowing trillions, doubling the deficit, and setting up trade restrictions, which make products more expensive, forcing workers to join unions, taking control away from private free market businesses and putting it in the hands of inept government bureaucrats. Way to go Obama; economists can use this as a case study in their books and classrooms for years to come.
One Guy's Opinion on the Political Scene By: Jim Herndon
