More of The Same

Politico reports that, In a few hours, President Obama will speak on the economic effects of last year’s stimulus package.  We can expect to hear how the stimulus is responsible for creating jobs, restoring confidence in the stock market, and saving the economy from catastrophic ruin.  PAY NO ATTENTION TO THAT MONOLITHIC INCREASE IN NATIONAL UNEMPLOYMENT FROM 8% TO 10%.  No, things are peachy keen here in the Republic.  In fact, what we really need is more government spending.  Paul Davidson, author of The Keynes Solution, reviewed in this morning’s Bloomberg seems to think so.  And faithful readers of the New York Times may be led to believe that the Keynesian touch is more than necessary after reading an article condoning the argument that stimulus spending may be “the most cost-effective way for the government to create jobs.”  Lest we forget, an article in today’s Wallstreet Journal reminds us that the “Bulk of Stimulus Spending [Is[ Yet To Come.”  It’s as if the current administration is out to scientifically prove Einstein’s theory that Insanity is “doing the same thing over and over again and expecting different results.”