The Obama administration is planning to continue the failed policies of Franklin Delano Roosevelt and Jimmy Carter as they are looking to propose more infrastructure spending on roads and bridges and making loans available to the failed housing market. What has failed to stimulate the economy, unbridled government spending, is the only thing that the president and others in congress can continue to propose as they are enslaved to the socialist Keynesian ideology.
What built the United States economy as we enjoy it today, started with biblical puritan principles. We have the examples in history in America and the world of both the success of the biblical model and the failure of the president’s model. Europe and the lost decade of Japan are the failures, while Hong Kong and now Canada show that embracing good economics will pay off. How long will we ignore the truth of hard work and less government.