PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS:

● “All we’re doing is going into the basket and saying, ‘Damn, what did they do in ’32, what did they do in ’34, what did they do in ’36,’ and we’re pulling them out, dusting them off, giving them a paint job, correcting the fenders a bit, and we’re using them,” then-Congressman Paul Kanjorski (D-PA) said in May of 2008, months before the financial collapse that fall.  “To get us through the horrendous problems we may have over the next several years, we’ve got to make these old programs work, and we’ve got to be as inventive as hell.”

● “Paul Krugman: ‘Now Is The Time For The Government To Spend More.'”

— Real Clear Politics, Friday, May 4th, 2012.

● “Obama administration advises new French president: For sake of world economy, don’t raise taxes and increase spending.”

— Doug Powers, at Michelle Malkin.com, today.

UPDATE: An Insta-reader emails:

Hey Ed, that line “PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS” just might be Obama’s best campaign slogan!

Don’t give them any more good ideas!

Heh.™