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Portuguese FM Admits Stimulus Flop- Don’t Wait for Obama to do Same

Arley2 Wrote: Apr 25, 2012 10:54 AM
If you're not fond of capitalism, try comparing the US with......say.......the old USSR.

President Obama imposed a big-spending faux stimulus program on the economy back in 2009, claiming that the government needed to squander about $800 billion to keep the unemployment rate from rising above 8 percent.

How did that work out? One possible description is that the so-called stimulus became a festering pile of manure. About three years have passed, and the joblessness rate hasn’t dropped below 8 percent. But the White House has been sprinkling perfume on that pile of you-know-what and claiming that the Keynesian spending binge was good policy.

But not every politician is blindly ideological like...

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