Obama got a negative return on investment with his stimulus spending

Monica Showalter:
New stimulus analysis shows Obama never understood investment

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What a creepy thing to think it was Obama who managed the greatest portfolio out there: the U.S. Treasury. This guy couldn't invest to save Soros. He was a colossally bad investor, just as President Trump is a fairly good one – and who by contrast just happens to be cutting bureaucratic fat, waste, fraud, and useless regulations as the U.S. economy, by a weird coincidence to the left, booms, and the U.S. debt goes down. This is what an investorly take on a budget looks like.

Obama had none of that good sense.

What's fun about the piece is that Black isn't at all ideological in his analysis. He's purely a market guy. He points out that stimulus as a result of taking on debt really can work, and has, citing two great examples from relatively recent history that paid off: the Louisiana Purchase, which yielded an exponential return on the $300-million investment for the U.S. economy, and the case of tiny Panama, expanding its Panama Canal in recent years, a move that tripled its economy in the span of just a few years. Those were good stimulus investments, and they paid off, bigly. They were government spending, but they were managed as smart investments, with real payoffs.
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The analysis shows that for ever dollar Obama invested he only got 44 cents back.  In other words, he lost 56 percent of the US treasury he invested in a stimulus.

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