Some of them, Obama included, falsely attribute Japan's lost decade to "not spending enough" on stimulus, even though I think they spent AT LEAST a trillion dollars (one estimate IIRC said around 6 trillion) during the 90s on 8 different stimulus packages. Of course, this is nonsense, since the lost decade is PRECISELY due to too much government spending which excessively crowded out the private sector. Government CANNOT grow the economy. It just puts back what it took originally.
I love how the Democrats and Obama supporters eat his bullshit up. They actually think what he's doing is "change." Sure, a lot of it is change from the Bush way of doing things, but it's NOT change from the big government Democrat way of doing things, which has been done since the 1930s. 70 years, folks. And yet they still refuse to tweak their big government ideology and wonder why poverty is still at 12.5% on average. They just believe we haven't "spent enough."
La La Land!
crackers2012 2 years ago
Investors and businessmen grow the economy by creating new wealth.
whoo689 2 years ago
Some of them, Obama included, falsely attribute Japan's lost decade to "not spending enough" on stimulus, even though I think they spent AT LEAST a trillion dollars (one estimate IIRC said around 6 trillion) during the 90s on 8 different stimulus packages. Of course, this is nonsense, since the lost decade is PRECISELY due to too much government spending which excessively crowded out the private sector. Government CANNOT grow the economy. It just puts back what it took originally.
whoo689 2 years ago
I love how the Democrats and Obama supporters eat his bullshit up. They actually think what he's doing is "change." Sure, a lot of it is change from the Bush way of doing things, but it's NOT change from the big government Democrat way of doing things, which has been done since the 1930s. 70 years, folks. And yet they still refuse to tweak their big government ideology and wonder why poverty is still at 12.5% on average. They just believe we haven't "spent enough."
whoo689 2 years ago