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Wednesday, August 03, 2011

Editorial: U.S. Heading For A Double-Dip Recession Under Obama?

Obama's failure is complete, according to Investor's Business Daily.

From a new editorial about Obama's failed economic policies:
Despite the largest Keynesian spending splurge in the history of the planet, the economy continues to founder.

The last two years' "stimulus" — meant to get consumers and businesses humming again — was in excess of 10% of GDP, an unheard of economic intervention, exceeding even FDR's during the Depression.

Tragically, the result has been the same: failure. Indeed, if anything, trillions of dollars of federal stimulus seems to have damaged hopes for a rebound.
Read the full editorial at the link below:

Editorial: Heading For A Double-Dip Recession? - Investors.com

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