A Crisis Too Great to Waste
Barack Obama proposes massive government spending , Banana republics are known for this kind of governance
By Guest Column —— Bio and Archives--January 21, 2009
American Politics, News | Comments | Back To Full Article
- Jeff Lukens
So Barack Obama proposes massive government spending like we have never seen before as our way back to economic prosperity. Yet wasn't it a mountain of unpayable debt that got us into this financial crisis in the first place? The rivers of red ink he proposes would make FDR and LBJ blush. This approach may have worked politically for FDR and LBJ, but neither time did it work economically for the country. It may work politically for Obama too, but deficit spending will not work economically today either.
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