Thursday, June 14, 2012

Economic Timeline in Brief -- A Dose of Reality

January 2009 -- Its present occupier moves into the oval office.

June 2009 -- Government (with support of most economic and academic experts) officially declares recession to be over.

July 2009 -- First economic measures of the new administration become effective. Many more quickly follow.

Three years later -- Stagflation, high unemployment, reduced workforce, food stamp use at record levels, net worth of citizens devastatingly evaporated: the new normal under Obama. Administration adamant -- won't change economic policies that haven't worked in three years.

What was it that Einstein said about repeatedly doing the same thing and and expecting a different result?

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