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?
No comments:
Post a Comment