...The problem is that the administration is using a flawed economic model.
All of them subscribe to the progressive Keynesian economics model.
Amongst other things, this states that government can build up the economy by injecting stimulus money into it. That’s why we saw so many rounds of government stimulation when Obama first entered office.
However, we haven’t seen the promised results.
Their answer to that is that we need to do another stimulus.
The idea behind stimulus packages is that the government gets back $1.50 for every dollar they put into the economy.
There’s only one problem; that’s an unproven theory, not a known fact.
Looking at the recent stimulus efforts, it looks like the only ones who got anything were bank executives and executives of failing green energy companies.
The economy didn’t do a lick better. (Video first seen on Truthstream Media.)
So, where does this leave us?
I hate to say it, but we’re still on the fast road to an economic crash.
The only real questions are when it will happen and what will trigger it.
The new Fed Chairwoman has already gone on record stating that we can’t sustain the current national debt. With it growing daily, there’s no question that we are heading into troubled waters.
I hope your boat is ready.
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