Obama admits: Stimulus failed (Video)

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Obama Admits Massive Stimulus Was A Failure: "Shovel-Ready Was Not as Shovel-Ready as We Expected" (VIDEO)

And this was known several years ago. The fact of the matter is that Obama's policies, while not quite as catastrophically destructive to the economy, have been very much like FDR's whose policies extended the Great Depression seven years more than it ought to have gone. Even FDR's own Treasury Secretary admitted they had spent massive amounts of money and incurred enormous debt for nothing. Of course stimulating the economy was never Obama's goal in the first place. Today's Democrats are not your father's Democrats by any stretch of the imagination.

Read on:

[url=http://www.aei.org/article/economics/brooks-why-the-stimulus-failed/]Why the stimulus failed
History shows that government spending and social-engineering programs don’t spur growth.[/url]