obamanomics

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    Re: The “master jugglers” of the federal government

    Quoting George’s link: The classical economists and many modern day political economists argue that due to the negative consequences of “juggling” we need to establish binding rules that curtail such behavior on the part of governments. Keynes, or more accurately Keynesians, broke with this tradition of constraining public authorities…
    Jon Sanders, October 22, 2013
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    Headline we won’t see: Obama’s Keynesian stimulus fulfilled its promised of 5% unemployment

    You remember the graph, right? The chart that proved the incoming Obama administration had the plan to save the economy (which received the coveted White House Press Corps Prize for economics!), and all it needed was nearly a trillion dollars in “stimulus” funds? The chart that showed…
    Jon Sanders, August 6, 2013
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    Re: What Obama doesn’t get about economics

    When I read the title of George’s post, I thought he was just going to post a graphic, like this: Which would have sufficed but would not have achieved the worthy service of passing along Sheldon Richman’s column today. As to the title topic, the Hill…
    Jon Sanders, July 25, 2013
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    National Review mocks Obama’s abuse of the Founders

    I’m not the only one to notice that Barack Obama’s speeches tend to begin first by referencing the ideals of the Founders, then after having imitated the soaring rhetoric of past American luminaries, changing the focus to make it sound as if the next step for American…
    Jon Sanders, July 5, 2013
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    Media economists predictably blindsided

    Nothing new in this report, of course. It’d be almost funny, if people’s lives weren’t affected by this continued folly: U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.
    Jon Sanders, June 26, 2013
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    Obama’s exorbitant green jobs put Reagan’s scandalous toilet seats to shame

    Do you remember when the media were apoplexed by reports that the Defense Department during the days of Reagan were spending hundreds, hundreds of dollars on porcelain throne lids? USA Today does, or did when former Defense Sec. Caspar Weinberger died. For those who don’t, yes, there have…
    Jon Sanders, May 9, 2013
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    The Obamacare jobs report: sudden spike in ‘involuntary part-time workers’

    Unlike the media True Believers, I cannot cheer a four-year low in unemployment that is far above the predicted level of unemployment if Congress hadn’t passed Obama’s failure of a “stimulus” in 2009 statistically helped by the fact that so many potential workers have abandoned the labor…
    Jon Sanders, May 3, 2013
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    Obama tacitly admits: the stimulus WAS a colossal failure

    He will not say so in words, nor will the media dare report it, but the president’s budget slams the door hard on the belief that the Keynesian stimulus would save the economy. When I say hard, I mean permanently: In 2009, Obama economists predicted the unemployment rate —…
    Jon Sanders, April 10, 2013