Obamanomics

I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money. -- Barney Frank, October 20, 2008

http://online.wsj.com/article/SB122471696933660407.html

That the political housing establishment has failed to accept responsibility for flexible underrwriting standards that prompted the downturn, has suffered no repercussions as a result of the downturn, and, if fact, sits at the table that crafted the bailout scares the hell out of me

If failed Keynesian notions of heavy government spending and higher taxes are the “change we need”, I look for a long and severe depression.

http://www.cato.org/pubs/tbb/tbb-0508-25.pdf

I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money."
-- Barney Frank, October 20, 2008

How can otherwise smart people not read stuff like this, along with the charts that prove what is being said and not realize just how wrong and how bad for this country the current liberal economic policies of the democratic party are?

Did you ever see the movie "Men In Black"?