Day: September 13, 2011

The “Plan”—Where Have We Seen This Before?

The details of the Obama jobs plan were unveiled yesterday. Most of the plan is warmed-over stimulus policy. The president is sold on the efficacy of the Keynesian model of economics. That’s where you spend tax money to try to promote growth. The only problem is that most of the growth is in the government sector. The private sector lags behind. Yet that’s where real jobs are grown. We operate on a false assumption: government somehow creates prosperity. Presidents like… Read more »