How Obama Spells Failure? S-T-I-M-U-L-U-S - Page 1 - Bob Beauprez - Townhall Finance

How Obama Spells Failure? S-T-I-M-U-L-U-S - Page 1 - Bob Beauprez - Townhall Finance: "Back in February of 2009, the newly inaugurated Barack Obama warned that without passage of his $800 billion stimulus plan, 'an economy that is already in crisis will be faced with catastrophe.'

The President was so confident of his Keynesian spending barrage on steroids that he chided those who questioned him for presenting 'phony arguments and petty politics.'

Only six months later in August 2009, Obama claimed victory. 'We've rescued our economy from catastrophe,' he announced in a Rose Garden ceremony, even though unemployment stood at 9.4%."

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