Friday, February 19, 2010
I've been hearing over the past few months that Keynesian economic policies of massive public spending will get the country out of the recession that we're in, after all it worked for the Great Depression...NOT. The advent of World War 2 is what solved the world wide depression. While it included massive public spending plans that spending was on specific items, weapons etc, necessary to win the war. The record breaking "stimulus" package that was passed one year ago was based on this theory...and has failed to what it was intended to do, stimulate the economy. Passage of another smaller bill that does the same thing, yet titling it as a "jobs bill" will no more stimulate the economy than last years bill did.