Tuesday, December 06, 2011

Obama attacks Republican economic theory and individualism : ‘It’s never worked’

The Washington Post reports on Obama's attack on individualism:
“It’s a simple theory — one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work,” Obama said of supply-side economics, drawing extended applause. “It’s never worked.”

He repeatedly conjured the image of a country that is becoming more divided by inequality.
In the alternative universe that Obama lives he thinks government spending hasn't gone up , when in fact it has.