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Friday, 3 February 2012

Obama's economic policies have created a nation of jobless citizens dependent on government handouts

It's no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama's first four years in office. All of this additional spending, he has often said, was needed to "stimulate the economy", curtail unemployment and get Americans moving forward again.
Only, the oft-tried Keynesian strategy of profligate government spending as a way to spur a capitalist economy has not only failed miserably, which was predictable, but it has created a class of Americans who subsist nearly entirely on government largess.

GOP presidential candidates Newt Gingrich and Mitt Romney have hit on this as part of their campaign strategy. Romney has said "over the past three years, Barack Obama has been replacing our merit-based society with an entitlement society". Gingrich has labeled Obama "the best food-stamp president in American history."...more:

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