keynesianism (page 3)

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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
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    You’d think Obamanomics would hit one of its rosy less pessimistic projections just once, but no

    In this present crisis, government is not the solution to our problem. Government is the problem. — President Ronald Reagan We’ve had five years of believing that the American people are too blind and stupid to dig themselves out of a recession, so the federal government under the leadership of…
    Jon Sanders, April 5, 2013
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    Hood’s expectations

    If you haven’t read John Hood’s column this morning, do so. It is a thorough j’accuse of the completely irresponsible leadership of our nation by the president, his party’s Senate, and the “opposition” party’s House. Here’s how it begins, and it keeps up that blistering pace throughout: In response…
    Jon Sanders, January 11, 2013
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    Cassandranomics

    You couldn’t write a paper that clashes more violently with the current climate than the one you wrote, if you were trying. — Chad, from the 2009 movie In the Loop The Tax Foundation has published a paper today. It’s a good paper. But that won’t matter; we live…
    Jon Sanders, December 18, 2012
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    They broke it; we bought it

    Elections have consequences, and the choice we faced in this past presidential election was either to step back from the brink of reckless regulation, deficit spending, and tax hikes, or continue to barrel along and pretend that the realities of these economic choices will be magically suspended, leaving an economy…
    Jon Sanders, November 13, 2012
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    Nnnnobody expected … the rest of the data?

    Recall last week breathless media accounts of the October Miracle, when jobless claims — California not reporting — suddenly “fell” to January 2009 levels andjustatthe11thhourohohObamanomicsisfinallyworking! I predicted a Linus-in-the-pumpkin-patch embarrassment to come soon and, well, here: “Jobless Claims Unexpectedly Rise to 388,000.” “Unexpectedly.” There’s that word…
    Jon Sanders, October 18, 2012
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    Jobless claims suddenly look great, once you discount California

    This news comes on the heels of the controversial unemployment miracle report of last week. Gee, it’s almost as if giving the impression (and the headlines to follow; see, e.g., WRAL’s “US jobless claims fall to 339K, fewest in 4½ years“) of an Amazing, Eleventh-Hour Keynesian Miracle is…
    Jon Sanders, October 11, 2012
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    Phlebotonomics: Bleeding liberty dry

    My newsletter today draws on the death of the World’s Apostle of Liberty and the now-moribund society of liberty he fought to found. A snippet: Washington was bled repeatedly during his final hours. As historian Lewis Lehrman described it, “Washington did not lack for the best medical care, but…
    Jon Sanders, September 21, 2012