Thursday, March 12, 2009
"They Didn's Spend Enough!"
Politicians say the reason Keynesian tactics (involving spending money they didn’t have) did not work in the past is because politicians were afraid to spend enough money to allow it to work. But Obama has gaily spent more money than there is, causing the what they call the “first pure Keynsian test.” What will they say when Obama’s plans fail? That is, after they “spin it” in yet another direction to avoid the inevitable discrediting of the theory itself? And it IS going to fail because transferring existing money to new pockets (mostly friends of Obama) will NOT work, while creating NEW wealth (lowering taxes to give INCENTIVE to investors to SPEND their money [THEIR money, not that of others] investing in money-making and jobs-creating projects which will create new wealth and enlarge the tax base, by creating new taxable income). (Common Sense)
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