by Dan Mitchell | Sep 12, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
The great Ronald Reagan famously said (and I am paraphrasing, since I do not remember the exact phrase) that the most dangerous words in the English language were “I am from Washington and I am here to help you.” Those are very wise words, especially when we think of...
by Dan Mitchell | Sep 8, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian
If it wasn’t for the fact that so many people are suffering and being seduced into empty lives of government dependency (symbolized by Julia, the world’s most disappointing daughter), I might feel sorry for President Obama. He promised unemployment would never climb...
by Dan Mitchell | Aug 13, 2012 | Big Government, Blogs, Government Spending, Government Waste
The burden of federal spending in the United States was down to 18.2 percent of gross domestic product when Bill Clinton left office. But this progress didn’t last long. Thanks to George Bush’s reckless spending policies, the federal budget grew about twice as fast as...
by Dan Mitchell | Aug 6, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
I almost feel sorry for the ideologues and partisan hacks who feel obliged to defends Obama’s miserable economic performance. Keynesian spending policies and class-warfare tax policies have produced dismal economic performance, with unemployment stuck above 8 percent...
by Dan Mitchell | Aug 3, 2012 | Blogs, Economic Growth, Economics, Keynesian
Can we finally all agree that Keynesian economics is a flop? The politicians in Washington flushed about $800 billion down the toilet and we got nothing in exchange except for anemic growth and lots of people out of work. Indeed, we’re getting to the point where the...
