Best quote I have seen comes from this Yahoo article about job cuts in Obama’s America from Howard Davidowitz:
Still, the restructuring expert is a longtime and vocal critic of President Obama: “There has never been in a situation in my lifetime where a guy increases the debt by 40%, GDP growth is on the way down, Food Stamps are up, millions more are unemployed — and to accomplish this we spent $4 trillion.”
Four trillion flushed down the tubes and all this stuff is trending in the wrong direction still. That’s perspective. Should make the Keynesians rethink their approach. No, not that it should have been 8 trillion, maybe 12 trillion, to get it to work, but that what they believe in doesn’t work.