The Keynsians have a very poor record of producing economic recoveries and growing private capital the engine of growth and job creation. Current events in the European macro economy are proving Galbraith and Krugman are incorrect in the application of the government spending policy they advocate. The long standing application of their fallacies will cause an additional buffeting of economies world wide. The Democrats in our country are going to pay a dear price for the spending that has occured in a misguided attempt to turn things around. The pork and waste are angering American conservatives and independents. Those constituents will be out in force on November 2, 2010. Obama will have a much harder time pushing Keynes policies at us in January 2011.
