The Stimulus is an abject failure as was the New Deal in the The 1930′s


Economies recover from recessions, without the assistance from the federal Government we learned this in  College Econ Class back in the 1980′s at the beginning of “Reagonomics“. www.freedomworks.org wrote in February 2009

“10 Reasons to Oppose the Stimulus“

[http://www.freedomworks.org/publications/top-10-reasons-to-oppose-the-stimulus]

I highly recommend reading the entire article

The Stimulus Will Not Work

Economists do NOT Agree this is a Good Idea

Our history is replete with examples of “stimulus” spending failing to move our economy toward prosperity—Bush just tried it, Ford tried it. Even Christina Romer, Obama’s Chair of the Council of Economic Advisers agrees. Romer wrote in a study, “Our estimates suggest that fiscal actions contributed only moderately to recoveries.” The New Deal didn’t end the Great Depression and Obama’s stimulus package won’t end this recession. In fact, two UCLA economists published a study in 2004 finding FDR’s similar New Deal policies prolonged the Great Depression by seven years.

  • The Stimulus follows the same plan that ruined Japan’s economy

  • The Stimulus is full of Wasteful Projects

  • The Government Can’t Afford the Stimulus

  • We Can’t afford the Stimulus

  • The Stimulus is Bigger Than the Economic Output of Most Countries

  • Central Planning like the Stimulus Doesn’t Work, Ask the USSR

  • Remember the $750 Billion Bailout from this Fall?

  • This Money Doesn’t Grow on Trees

If the White House Chief Economist agrees then that the President must have been “Disingenous” [Nice term means deceitful, dishonest] in stating that the Stimulus was a great idea even my top adisors in addition to “all” economist agreed with it. The massive increase in governement debt would surely save the USA from economic disaster.

The incredible naivete is that the administration is taking credit for the reduction in “Job Loss” [definition, we are still losing jobs and have a massive debt, devaluation of the dollar... common  sense] This incompetent economic strategy is again  debunked by the Heritage Foundation, [ www.heritage.org] in an article from July 27, 2009

“Keynesian Fiscal Stimulus Policies Stimulate Debt–Not the Economy”

…A History of Effectiveness

The 1960s and 1970s were the golden age of Keynesianism. Policymakers embraced persistent budget deficits combined with accommodative monetary policy to fine-tune the economy and increase employment. This approach failed. As Christina Romer, Chairman of President Obama’s Council of Economic Advisers, noted in a paper published prior to her government service, “The economic ideas of the 1960s and 1970s that led to expansionary policy also led to inflation and real instability.


Read both articles get educated pick up a book on economics and understand that you can not talk your way out of a problem you behaved your self into. The US has set it self up for failure by allowing politicians to meddle with the markets. The Politicians have created the problems and the same people that created them are trying to “FIX” them. Yes America we are crazy if we leave these people in power in 2010

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  2. Incompetent Obama VS The Constitution
  3. Incompetent Obamanomics Explained

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