Why liberal economics failed Obama and Democrats

Terry Keenan:

...

Why didn't the massive federal stimulus work, and why is it the last thing we need more of in the summer of 2011? (Lacy) Hunt, long one of the best economic forecasters on the Street, puts it succinctly: "In the broadest sense, monetary and fiscal policies have failed because government financial transactions are not the key to prosperity. Instead, the economic well-being of a country is determined by the creativity, inventiveness and hard work of its households and individuals."

It is why tax cuts are a more effective way of stimulating the economy. They work every time they have been tried. That is why the House is correct in refusing to increase taxes so Obama can spend more on his despised health care fiasco and his high speed trains to bankruptcy.

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