Are Obama’s plans to help the economy working?
“Obamanomics, also known as the New Deal, also known as Keynesian economics, is once again shown to be a failure. You can accept the theory floated by the apologists of John Maynard Keynes, that we just didn’t spend enough money, or you can accept that taking money out of an economy so you can stimulate it by putting it back in is as effective as making a lake larger by pulling water out of one side and pouring it in the other.” [Read More]
Thomas Sowell. Refreshing Clarity. I had a good chuckle over this article. Especially the part about “the grand make-believe that pervades our politics.”
“President Barack Obama has joined the chorus of those deploring bullying. But his own administration is pushing the notion that a disproportionate number of suspensions or other punishments for members of particular racial or ethnic groups is discriminatory.
“In other words, if a school suspends more black males than Asian females, that is taken as a sign of discrimination. No one in his right mind really believes that, but it is part of the grand make-believe that pervades our politics and even our courts.”