An unbearable debt problem was addressed by making it bigger and more threatening. Government spending was out of control and unsustainable. That problem was “solved” by increasing spending massively. Problems that were intractable were transformed into impossible. Nothing has been solved on the economic front. Everything has been made worse!
Post Tagged with: "growth"
February 2, 2012 10:24
One Year Later, Another Look at Obamanomics vs. Reaganomics
Under Reagan’s policies, the economy skyrocketed. Under Obama’s policies, by contrast, we’ve just barely gotten back to where we were when the recession began. Unlike past recessions, we haven’t enjoyed a strong bounce. And this means we haven’t recovered the output that was lost during the downturn. – Forbes.com
December 30, 2011 09:06
Voting With One’s Feet
At some point companies and individuals decide their pain threshold has been exceeded and do something about it. They flee from the oppression and costs of unreasonable government to locations where they are treated better.
