Saturday, October 20, 2012

Five Trillion Later



During the next economic crisis or deep recession, the President will call a meeting of his economic advisors and no one is going to say “let’s do what Obama did.”   

We borrowed and spent $5 trillion dollars and have nothing to show for it except the vague claim that we somehow prevented a second Great Depression.  The “stimulus” didn’t stimulate the economy, so we’re told things would have been worse without it.  We didn’t build any new infrastructure (where are the new roads, bridges and dams?).  What Obama did isn’t going to be a blueprint for anyone going forward.  Five trillion dollars down the toilet.       

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