I almost feel sorry for the ideologues and partisan hacks who feel obliged to defends Obama’s miserable economic performance.
Keynesian spending policies and class-warfare tax policies have produced dismal economic performance, with unemployment stuck above 8 percent – even though the White House promised the joblessness rate by this point would be about 5.5 percent if we squandered $800 billion-plus on the so-called stimulus.
Yet Keith Boykin gamely tries to put perfume on this hog in our debate on CNBC.
Notice that I began this post by saying I “almost feel sorry” for the spin-meisters who defend Obamanomics. But “almost” is the key word in that sentence. I reserve my genuine sympathy for the millions of people who can’t find jobs because of the President’s destructive policies.
Let me add a few comments.
Boykin tries to disavow the Romer-Bernstein report and pretend that the President didn’t highlight and promote its claims when pushing for the faux stimulus. That’s a remarkable bit of revisionist history and I think I was effective at tying that rotting fish around his neck.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 25th, 2014 | John Ransom