Showing posts with label fiscal policy. Show all posts
Showing posts with label fiscal policy. Show all posts
Thursday, July 15, 2010
Williams: A Failed Obama Hero
TOWNHALL, Op-ed by Walter Williams - Let's think about President Obama's failed economic stimulus program. Before getting to the nitty-gritty of why stimulus packages fail, let's look at the failed stimulus program of Obama's hero, Franklin Delano Roosevelt. FDR's Treasury Secretary, Henry Morgenthau, wrote in his diary: "We have tried spending money. We are spending more than we have ever spent before and it does not work. ... We have never made good on our promises. ... I say after eight years of this Administration we have just as much unemployment as when we started ... and an enormous debt to boot!" Read more at Townhall...
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Labels:
debt,
failure,
fiscal policy,
Franklin Delano Roosevelt,
Obama,
stimulus,
unemployment
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