Paul Krugman...that useless jackass.

I say eleventy zillion because numbers and reality mean absolutely nothing to a disciple of Keynesian economics. The theories have been thoroughly, and I mean thoroughly, debunked by so many people so many times that it should have been relegated to a quaint footnote in economics textbooks in the 50's. 

But useless jackasses enjoy making useless jackass claims, so Paul Krugman, Obama's water slung firmly on his back, says that Obama squandered the opportunity to waste more money with Stimulus than he did.

The parallel with current economic policy runs as follows: early this year, President Obama came into office with a strong mandate and proclaimed the need to take bold action on the economy. His actual actions, however, were cautious rather than bold. They were enough to pull the economy back from the brink, but not enough to bring unemployment down.

He doesn't say how much money, (eleventy zillion wouldn't have been enough), because it would never have been enough. The reason it would never have been enough is because robbing the people or printing monopoly money doesn't work. In the first instance, you take from the producers of valuable, desirable items and give it to industries that lose or produce crap and in the second, you create hyper-inflation that makes everybody's life immeasurably more miserable than it was the day before you printed the money.

We're not quite at a zillion yet, but we're well on the way.

Our economy was never "on the brink" as Useless Jackass likes to say it was. And if we had just let the chips fall where they may, I can almost guarantee you unemployment would not be at 10% right now. The bankruptcies would be nearly complete and we'd be humming again. It doesn't take long for the free market to work itself out. It takes an inordinate and indefinite amount of time for government to fix it. No, that's wrong, government can never fix it. It will get worse and worse the more government intervenes. This is the unavoidable lesson of Keynesianism that Useless Jackass never learned.

On the other hand, I now fully understand how one goes about winning a Nobel Prize. It is not for actual achievement, actual intelligence or actual knowledge in a given field; one receives a Nobel Prize if the self-righteous idiots in Stockholm agree with your politics. That's it. 

Russ