President Obama does not understand the basics of economics. What he says repeatedly is that increased government spending is the foundation of economic recovery and growth. But the economic reality is that incentives for increased production are the foundation for recovery and booming growth.
http://spectator.org/archives/2011/04/27/what-professor-obama-doesnt-un
He does seem cut out to be an elementary school teacher:
🙂
Posted: 04.27.11 @12:31 p.m.
