Tuesday, February 10, 2009
President Obama admits that he will not be re-elected.
President Obama has said today that if his economic stimulus plan doesn't work, "you’ll have a new president." This is quite a shocking thing to hear, especially considering that no economic stimulus plan of this sort has ever worked in the history of mankind. This is therefore a puzzling statement for Obama to make. One would assume that Obama realizes that his economic stimulus plan won't work since most economists believe that this is part of a discredited, Keynesian economic theory. Perhaps Obama figures that the economy will recover by 2012, and he will be able to take credit for such a recovery. Still, he basically has admitted that he is now a failure for promoting a policy that will not work, which he says is a good reason to have a new president in 2013.
Posted by Michael Gordon at 2/10/2009 10:22:00 PM