'Republicans look back to outworn 20th century supply side ideas,' according to Obama. But Obama looks forward to aristocratic, middle class (bourgeois) hating, anti-Christian, government-is-the-answer economist John Maynard Keynes (in black-and-white) for inspiration and guidance in building a 21st century economy that works for everyone-whatever that means.
Only a fool would take this economic dumbell seriously when he criticizes Republicans for the state of the economy. In Iowa Saturday the Economic Failure and Desperate-Liar-in Chief blasted Mitt Romney, Paul Ryan and the GOP Convention for offering obsolete ideas from the 20th century to fix our 21st century economy and America's problems. Obama told a crowd of cheering leftist dopes- among the 36% of Americans who approve his (mis)handling of the economy (see):
"What they offered over those three days was more often than not an agenda that was better-suited for the last century. We might as well have watched it on a black-and-white TV."
But where did Obama get his ideas for the failed $860 billion stimulus? Did he pull it out of a 21st century hat as if it were an innovative approach without precedent for a new age with new problems needing new solutions? Hardly. On the day he signed the stimulus into law Obama was hailed in the media as the "new FDR" with a "new New Deal" to fix the economy and put America back to work. In other words, this forward looking 21st century progressive-whose inauguration four years ago was supposed to mark the start of a new American epoch-went back to the last century for his recovery plan, years before the invention of TV. Not that old ideas are bad ideas or useless; after all ideas like the wheel still have some uses as does democratic capitalism which is enduringly good for lifting all boats great and small in greater wealth and prosperity over time. But Obama's idea of using the failed model of New Deal stimulus spending (aka Keynesianism) to repair an economy crashed by left wing government housing and lending policies (started by Bill Clinton) was a bad, outmoded, obsolete idea that's failed whenever it's been tried-just look at the rut Japan is in after 22 years of Obama-like stimulus, public works projects, and a whopping 215% national debt. Indeed, what had miserably failed for the New Dealers has predictably failed for Obama and his party of stuck-on-stupid reactionary regressives who passed the stimulus in the Senate with help from three blind Republicans-who learned nothing from the smaller, failed Bush stimulus of the year before (see).
Obama is very much a 19th and 20th century man indoctrinated with socialistic beliefs who had hoped to be history's first leader to prove Keynes right as all other attempts had failed because, as Obama believed, not enough money was spent. Obama's stimulus is the greatest and grandest in history. When he signed it into law he assured the public that they were in good hands; that going big like this was the right thing to do; he assured them that the $860 billion plan was the right size and scope to get the job done in ending the recession with a robust recovery by his forth year. But the forth year is here and the robust recovery isn't. Instead we have a pathetically weak TRICKLE GROWTH ECONOMY and reckless spending policies robustly growing the deficit and debt leading to national bankruptcy and economic doom as most Americans rightly fear.
In 1936 Franklin Roosevelt, the greatest politician in US history, had most Americans believing that his New Deal was working, that the economy was headed in the right direction, and that the return of prosperity was at hand. Roosevelt could point to an 8 point drop in the jobless rate since he took office in 1933 (falling from 25 to 17%), and expected the Depression to be over in four years. Raising optimism, hope and public morale FDR made America feel the economy was on course to a strong rebound, and they reelected him in a landslide. But FDR was wrong. !936 was not a new morning in America; it was a false dawn. For in 1937 the stock market crashed and two million Americans lost their jobs in what was called FDR's "recession within the Depression." FDR's great experiment in government deficit spending to end the Depression had miserably failed, as New Dealers themselves admitted later on (see).
But 2012 isn't 1936; and Obama is no FDR blinding the public to reality with boundless optimism and soaring hope. Unemployment is up since he took office; and Americans are frightened that worse days are ahead for themselves and their kids as they lack confidence in Obama and his big government plans. In his convention speech on Thursday Obama will have one last chance to do what he failed to achieve in his upbeat State of the Union addess: transmute the nation's pessimistic, anti-big government, restrain federal spending mood into hope and faith in the future again and trust in government as the source of all good. But he will miserably fail, with Bill Clinton and his lies unable to help him.
HAPPY LABOR DAY EVERYONE!
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