At the recent G-20 summit in Toronto world leaders once again humiliated Obama by rejecting his pleas for further and continued deficit spending, “don’t turn away from socialism”, he implored. They, however, grasp what Obama fails to understand about the fatal flaw in Keynesian Obamanomics; trying to keep the world’s economy afloat with increased debt is a gross mis-utilization of resources and not sustainable strategy - they’ve already been to where he wants to take them and they know it is a hopeless and dark place.
Too bad for us that the tax and spend jackasses in Congress are as uninformed about economic reality and the need for fiscal discipline as is Obama.
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