Barack Obama likes to tell people that we should thank him for his interventionist economic policies, and that without them, unemployment would be much worse in the US than it is now. For instance, he told Racine that without his economic stimulus, we’d be at 12, 13, even 15% — even though Racine itself is at 14.2% unemployment. D’oh! Otherwise, this looks like a classic Churchill conundrum. Had the UK elected Winston Churchill as Prime Minister in 1936 and he fought Hitler early, forcing him from power, would Churchill have gotten credit for saving Western civilization? Or would he have been seen as a war monger, without the context of tens of millions of dead people in World War II? [...] Read the rest »
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