Monday, August 13, 2012


 he told us in 2009 that only the government could break this business cycle. He told us in Osawatomie, Kan., that the private sector couldn't lead us back to economic vitality on its own. Recently, he told us that successful entrepreneurs didn't build their businesses — or roads or bridges or whatever claptrap he pretended to have meant...

If you think that despite all this, Obama may have learned his lesson and will change course going forward, you are fooling yourself. Obama won't change his economic policies, because he is addicted to spending and to growing government on several levels. His economic philosophy, his ideology and his political survival demand that he stay the course.

He firmly believes that only government spending — Keynesian pump priming — can stimulate a moribund economy. He believes it to the point that he's willing to bankrupt the nation to do it. His philosophy countenances no other alternative methods of recovery, specifically letting the private sector breathe and recover on its own.

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