President Barack Obama’s proposed remedy for the epic failure of his $842 billion “stimulus” program is…more stimulus. On September 8, he called on Congress to spend $447 billion to do more of the same thing that didn’t work the last time. Give the man credit for consistency, at least.
Obama calls his plan the “American Jobs Act”. Well, the A.J.A was D.O.A. when it got to Congress. It could not even command a majority in the Democrat-controlled Senate.
Keynesianism, which is the belief that government spending boosts aggregate demand, is a superstition.
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