Here are two good videos dealing with stimulus spending and Keynesian economics. The first video comes from January 2009 about Pres. Obama’s stimulus plan. Daniel Mitchell clearly specifies how the stimulus will not work, and now drawing close to two years later, we see that the stimulus spending did not help the nation, as proved by our flagging economy and stagnant unemployment rates.
The second video was produced by Daniel Mitchell again a month earlier than the previous video, but this time he is talking specifically about why Keynesian economic theories don’t work.
Albert Einstein is attributed with the following quote that clearly describes this administration and anyone who advocates government spending to “prime the pump” of the economy: “Insanity is doing the same thing over and over again and expecting different results.” Keynesian economics has never worked, but that doesn’t stop governments from trying it again and again. “This time,” the government tells us, “it’s going to work.” Certainly sounds like insanity to me.