“Exactly! Doing the same thing we’ve done seventeen times before will lull Jerry into a falses sense of security, so next time we can attack where the line is the weakest!” – General Melchitt, Black Adder Goes Forth
“Insanity: doing the same thing over and over again and expecting different results.” – Albert Einstein
Egan-Jones just cut the credit rating of the United States from AA to AA- specifically because Ben “Let’s Wreck the Economy” Bernanke and the administration are stuck on “experimenting” with the economy. Egan-Jones also pointed out that “…issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.” Which means the money you are making is worth less. Which mean higher fuel prices, which adds to everything else you buy.
The president is desperate to play the part of a (half) black Roosevelt, forgetting that FDR’s own Treasury Secretary and architect of the New Deal, Henry Morgenthau Junior, would later say:
“We have tried spending money. We are spending more than we have ever spent before and it does not work…I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”
It’s time to be rid of this collection of congenital idiots.