White House Admits: The Economy Has Not Recovered
The Stimulus was supposed to fix everything. This Keynesian fantasy that if we broke enough windows, storekeepers would be forced to buy more, which would lead to window makers needing more material, leading to vendors needing more supplies and so on and so on.
Yet nearly four years later, we see things worse than they were when they started down this road to failure.
Jay Carney seems so confident when he blames free market concepts for the housing bubble and the collapse of the economy.
The fact is, free markets don’t implode.
It’s yet another attempt to shift the focus and the blame and convince the American people that this time, Keynesian economics will work. Just give us four more years.
Hat Tip: Fox Nation