VICTOR DAVIS HANSON:: Obama 101 – NRO
By MB Snow at November 30, 2011 | 3:05 pm | Print
In the last three years, the president has taught us a great deal about America, the world, and himself.
Before Obama, many Americans still believed in massive deficit spending, whether as an article of fairness, a means to economic growth, or just a lazy fallback position to justify an out-of-control federal government. But after the failure of a nearly $800 billion “stimulus” program — intended to keep unemployment under 8 percent — no one believes any more that an already indebted government will foster economic growth by taking on another $4 trillion in debt. In other words, “stimulus” is mostly a dead concept. The president — much as he advised a barnstorming President Bush in 2005 to cease pushing Social Security reform on a reluctant population — should give it up and junk the new $500 billion program euphemistically designated as a “jobs bill.” The U.S. government is already borrowing every three days what all of America spent on Black Friday.
http://www.nationalreview.com/articles/284333/obama-101-victor-davis-hanson
via Obama 101 – Victor Davis Hanson – National Review Online.