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 didnâ€™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.”Â
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.”