|
The reality is, Obama is testing keynesian economics for the very first time ever. Not even the post "great depression" war-economy boost was true Keynes--it was the boom AFTER the war that brought us out, the war-economy numbers were artificially high, and didn't reflect any real economic relief for the people.
This is a MASSIVE change in how economies are run. It can't possibly be overstated how huge a sea change this is. Not everyone agrees with it, I suppose, but that's politics. You can't accuse the guy of "not change".
|