Posted by
Always To The Right on Tuesday, January 27, 2009 1:07:53 PM
Dan Mitchell has another excellent video from the Center for Freedom and Prosperity
explaining the folly of Barack Obama’s stimulus plan. He notes that the
idea of increasing government spending is nothing new. In fact, the
Bush administration expanded government spending at a rate unmatched
over the last decade. If that stimulated the economy, why are we in
the mess we’re in now?
If government spending stimulated national economies, as Obama
proposes, then “North Korea would be Nirvana,” Mitchell exclaims. In
fact, we don’t have to go to those extremes to see the end result of
massive government spending and jacked-up taxation. All we need to do
is study Western Europe, which has stagnated for years on those
policies, and Eastern Europe, which has thrived on low tax rates and
better fiscal discipline.