Unfortunately:
It has become a mantra of the left and the Administration. It is
Keynesian Economics 101. It's repeated over and over.
It
does not work.
It did not work during the Great Depression. It did
not work for stimulus efforts and all other allied spending
programs. It certainly did not work for Greece and other failed
economies, present and in the past.
But
because the concept appeals to the lowest mentalities with no idea of
the past, but those who also vote, the lame mantra happens to be an
extremely useful political tool.
So
supposedly intellectual politicians continue to pontificate the
mantra over and over, in an attempt to get reelected again and
again.(See the Earl J Weinreb NewsHole® comments and
@BusinessNewshole tweets.)
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