We were told unless Congress hastily passed over a trillion dollars of bailout and ‘stimulus’ money (without reading the bills, for the most part), the economic world would come to an end.
So, how’s that quick action working out for us?
To quote Lee Jones (where I got the chart above), “The actual numbers aren’t just worse than the rosy picture Obama painted for a world after his magical stimulus took effect. They’re worse even than the doomsday scenario he outlined if Congress didn’t pass his stimulus plan.”
I think it’s time to coin a rule here: the usual result of government intervention is to create problems that appear to call for further government intervention.