Book 3 | Chapter 4 | Obamanomics | Pg 18

In less than four years Barack Obama has racked up close to five trillion dollars worth of credit card bills that our children and grandchildren will have to pay for.  And like most big parties, this spending orgy has left us with nothing to show for it but a national hangover.  Judging by his recent poll numbers, most Americans are reawakening to a simple fact of life.  You can’t spend your way to prosperity.  But, Barry is still trying to sell us on having just one more soiree paid for with other people’s money.  The kicker is that he guarantees us it will work this time:

 
And there you have the bottom line.    According to Obama, the Democratic Party and The New York Times, allowing you to spend your own money isn’t as good for the economy as allowing the government to confiscate your money and send it into its sausage creation factory to be transformed into new programs by the Crooks and Thieves in Washington.  After all,  they are so much smarter than we are.  Given the utter failure of Obamanomics so far, does anybody not drinking the Kool-Aid actually still believe that?   To add to their own self-parody, they’d like us to have absolute faith that Keynes is right on spending, but not on taxes.  The deficit is bad, but we should keep spending.  Three stimulus packages didn’t work, so we need more stimulus.   This is what passes for rational economic theory among the left today.  Remember that definition of insanity I gave you?

 
Perhaps it is time to reconsider how “intelligent” Barack Obama really is.  To continue to pursue policies which have proven to be totally ineffective is not the sign of someone capable of learning from their mistakes or adapting to changing circumstances.  It is the actions of either a lesser intelligence or an ideology grown so rigid that it has calcified.  Barack Obama might talk a great game, but as Bret Stephen’s so aptly remarked:

But it takes actual smarts to understand that glibness and self-belief are not sufficient proof of genuine intelligence. Stupid is as stupid does, said the great philosopher Forrest Gump. The presidency of Barack Obama is a case study in stupid does.

 

Up Next | Book 3 | Chapter 5 | Forward!: Beyond Obama, Keynes and Annie





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