This new video from the Center for Freedom and Prosperity explains how last year’s so-called stimulus was a flop – and also reveals why politicians are pushing for another big-government spending bill.
Interestingly, since last year’s stimulus was such a disaster, the redistributionists in Washington are calling their new proposal a “jobs bill.” But as I say in the video, this is akin to putting perfume on a hog.
[…] a macroeconomic perspective, President Obama’s so-called stimulus was a flop. The federal government borrowed and redistributed almost $1 trillion, yet the economy […]
[…] moved policy in the wrong direction, of course, but that was largely during his first two years. There was a policy stalemate his final six […]
[…] a macroeconomic perspective, President Obama’s so-called stimulus was a flop. The federal government borrowed and redistributed almost $1 trillion, yet the economy […]
[…] Both the host and my fellow guest started from the assumption that the IRS budget has been gutted. But that relies on cherry-picked data, starting when the IRS budget was at a peak level in 2011 thanks in part to all the money sloshing around Washington following Obama’s failed stimulus legislation. […]
[…] my proof? Well, during the period when Obama’s “stimulus” was in effect, unemployment got worse. And the best growth period under Obama was after the […]
[…] President Obama’s so-called stimulus was in effect, critics (including me) kept pointing to higher-than-predicted unemployment rates. […]
[…] that benchmark, Obama gets a bad grade, starting with the faux stimulus but also including Dodd-Frank and other statist […]
[…] Keynesian economics didn’t work for Hoover and Roosevelt, hasn’t worked for Japan, didn’t work for Obama, and didn’t work in Australia. Indeed, Keynesians can’t point to a single success story […]
[…] one government that did the two plans in Australia compared to two governments (Bush in 2008 and Obama in 2009) imposing Keynesianism in the United […]
[…] one government that did the two plans in Australia compared to two governments (Bush in 2008 and Obama in 2009) imposing Keynesianism in the United […]
[…] its defenders like to compare today’s budget with the amount that was spent right after the faux stimulus, when every bureaucracy was gorging on other people’s […]
[…] its defenders like to compare today’s budget with the amount that was spent right after the faux stimulus, when every bureaucracy was gorging on other people’s […]
[…] its defenders like to compare today’s budget with the amount that was spent right after the faux stimulus, when every bureaucracy was gorging on other people’s […]
[…] in the past few years, describing the avalanche of bad policy last decade, culminating with the faux stimulus in 2009 and the enactment of Obamacare in […]
[…] in the past few years, describing the avalanche of bad policy last decade, culminating with the faux stimulus in 2009 and the enactment of Obamacare in […]
[…] noticed, by the way, that this post does not include any of the videos about Keynesian economics or Obama’s stimulus. That’s an entirely different issue, perhaps best described as being a debate over whether it’s […]
[…] observers correctly note that there are far fewer jobs than Obama promised if the so-called stimulus was […]
[…] I recently added my two cents to the debate in an article debunking the White House’s attempt to justify the failed 2009 stimulus. […]
[…] P.S.: Here’s my video on Keynesian economics and here’s my video on Obama’s failed stimulus. […]
[…] P.S. Here’s my video on Keynesian economics and here’s my video on Obama’s failed stimulus. […]
[…] seriously, this is the same flawed analysis that allowed CBO to claim the so-called stimulus was creating jobs as employment was […]
[…] statement also was based on the notion that government spending is a form of “stimulus” for economic performance. So anything that slows spending must be a downer for the economy […]
[…] It shows the unemployment rate that the White House claimed we would have back in 2009 if the so-called stimulus was enacted, compared to what actually […]
[…] It shows the unemployment rate that the White House claimed we would have back in 2009 if the so-called stimulus was enacted, compared to what actually […]
[…] of you may be thinking that I made a mistake. What about the pork-filled stimulus? And all the new spending in […]
[…] of you may be thinking that I made a mistake. What about the pork-filled stimulus? And all the new spending in […]
[…] I’ve narrated a video on why Keynesian economics is bad theory, I’ve also narrated a video specifically debunking Obama’s failed stimulus, and I’ve put together a post with data from the Minneapolis Fed showing how Reaganomics worked […]
[…] narrated a video on why Keynesian economics is bad theory, I’ve also narrated a video specifically debunking Obama’s failed stimulus, and I’ve put together a post with data from the Minneapolis Fed showing how Reaganomics […]
[…] I’m also not a fan of bigger government in the short run, which is what we get from Keynesian economics and so-called stimulus. […]
[…] noticed, by the way, that this post does not include any of the videos about Keynesian economics or Obama’s stimulus. That’s an entirely different issue, perhaps best described as being a debate over whether […]
[…] This seems eerily akin to to the state of Keynesian economics. It does not matter that Keynesianism isn’t working for Obama. It does not matter that it didn’t work for Bush, or for Japan in the 1990s, or for Hoover and […]
[…] all, these are the same people who told us that squandering $787 billion on a so-called stimulus would create jobs. Unfortunately, the joke’s on us. According to the “official” scoring estimates […]
[…] This seems eerily akin to to the state of Keynesian economics. It does not matter that Keynesianism isn’t working for Obama. It does not matter that it didn’t work for Bush, or for Japan in the 1990s, or for Hoover […]