this is straight out of
Demand Side Economics for Dummies (if such a thing exists), or some similar children's version of an economic text.
what a retard. first of all, if demand side economics worked, then cash for clunkers would have worked, and the tax credit to buy a house would have worked . . . hell, the stimulus would have worked. but his intellectually arrested economic views totally ignore some pretty obvious facts, the most undeniable of which is that demand side economics has never, in the history of money, ever worked. not once.
never.
and it ignores the abject failure of his current economic policies. history has proven that it leads to inflation, deficits, turmoil, and failure.
(and if obama had his way, and we set real world economic policy according to something he read in a high school text book, no one would have ever invented the flat screen TV in the first place)
it's just a gawddamned infant-like thing to say.
“I don’t know any economist - including, I think, Martin - who would argue that we are more likely to get a bump…from $700 billion of borrowed money going to people like those of us around this table who I suspect if we want a flat-screen TV can afford one right now and are going out and buying one.â€
--Obama remarks to the President’s Economic Recovery Advisory Board--
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