Tuesday, March 24, 2009
What a ...
Did you watch President B. Hussein Obama's horsecrap-fest ce soir? The economically ignorant SOB actually said government spending is the key to economic recovery.
I'm firmly convinced that Obama and his minions have not only revived the ghost of Keynes, they've dug the ol' sissy up and given him a West Wing office.
Now, let's not forget that Keynes actually posited that governments should pay people to dig and then fill holes during economic downturns; and the Kids o' Keynes came up with the concept of Phillip's Curve -- saying there will always be an inverse relationship between unemployment and inflation -- which is now thoroughly discredited.
It don't matter that Keynes was wrong about a great -- and I mean a great -- many things. Obama has more or less made him his co-pilot. Thus we have to listen our president babble about "multipliers" and other economic concepts he probably doesn't completely understand; and those of us who know a thing or two about economics have to go to bed each night knowing that the President of the U.S.A. don't know the first fuckin' thing what needs to be done to revive the American economy. (If you want to learn more about the folly of the Keynesian Multiplier, check this out.)
# posted by Joltin' Django @ Tuesday, March 24, 2009 
