Thursday, October 27, 2011

Time for Keynesians to Put Up Or Shut Up

Tracking Presidents Obama and Bush side by side and the economic growth experienced during each corresponding quarter an interesting picture is starting to form. Both inherited recessions (Obama more so than Bush), both got out of them, both experienced a marginal recovery, but right about now is where Bush got the "largest tax cut in history" passed through congress and Obama is going to flog the dead horse once again with his latest bribery/stimulus package to bail out idiot humanities majors from their student debts.

Regardless of where you sit on the political spectrum, Obama and the Keynesians have their work cut out of them. While marginally beating Bush in quarters 3-8, Bush starts to dominate in quarters 9-10. And if the graph were to be continued past where Obama is currently at, the growth doesn't slow down. It's now the 11th hour for Keynesianism.

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