Tuesday, February 12, 2013

Democrats in denial about spending?

First Obama, then Nancy (The Insane) Pelosi and now Charlie (of all people) Rangle are claiming there is not spending problem in Washington.  Didn't they just give themselves a raise for the fine job they've done?  What did that cost?  Hasn't the economy floundered in recession ever since the $800 Millions Stimulus Package? Isn't the unemployment rate still at 7.9% and didn't the economy shrink in the last quarter of 2012?

I understand Keynesian Economics which obviously Obama and his cronies do not. Yes, it worked under FDR.  But that was a different situation and the spending was quite different.  In 1940 FDR was handing out contracts to large employers to hire workers to build war machinery for shipment to England.  Then through out the Second World War huge contracts were given out to companies such as Ford, Boing, Keiser and GM to build more war equipment.  Millions of people were put to work. The unemployment rate was negligible.  What FDR did not do was spend for unneeded roads and bridges. Use tax dollars to pay his cornies for campaign donations, pay cities to hire a few police and teachers (all union) and the like.

Clearly, Obama and the likes of Pelosi, Reid and Rangle have no idea about  how the economy works and how to kick start it now that it's in trouble.

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