Saturday 25 June 2011

Ed Balls Take Note, Obama’s Keynesian Stimulus Has Failed

Guido Fawkes
"Obama did implement a massive $787 billion stimulus programme financed by more borrowing of the kind that Will Straw and Ed Balls still advocate. The chart above shows the results versus the predictions. Unemployment is far higher than the supporters of the “porkulus” projected, higher even than they projected it would be without wasting three-quarters of a trillion dollars. Not since the 1930s has US unemployment been so high for so long."

No comments: