ByronBlog

Byron Matthews, a sociologist retired from the University of Maryland Baltimore County and a partner in an educational software company, lives near Santa Fe, NM.

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Location: New Mexico, United States

Monday, June 28, 2010

Biden on jobs outlook

Biden: No way will we get the lost jobs back

Morrissey's analysis below is spot-on, except for no mention of the bad effects of government borrowing on interest rates and outlays for debt service. It's worth noting that even the Europeans are now abandoning Obama's "stimulus" policies. As a result, those economies are recovering faster than ours, in a reversal of all history. Obama wants to make us like the Europeans, and in that he's exceeded his own expectations by making us worse. Obama's a left-wing ideologue whose learning curve for economics is a flat horizontal line, straight across at zero. He didn't have a clue yesterday, he doesn't have a clue today, and he won't have one tomorrow, either.
Byron

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