More Lunacy from the Obama Administration

The definition of insanity is doing the same thing over and over and yet expecting a different result. But here comes the Obama administration with a new proposal for more stimulus. Because the last round of stimuli worked so well.

Some progressives apparently believe that the only thing wrong with TARP is that it wasn't big enough. There is no reasoning with these people.

The Wall Street Journal details the sad history of all these failed attempts to jump-start the economy. How quickly we forget about such goodies as "cash for clunkers" and such cliches as "timely, targeted and temporary."

NYT: We Need More Stimulus

In the world of the New York Times, down is up and up is down. How else to explain the Paper of Record's editorial today, urging the government to pass yet more stimulus -- because the last trillion worked out so well for the poor slobs formerly known as its subscribers.

The Times opines, "government spending, as large and as necessary as it has been, has not been enough to revive hiring." To the contrary, the more the Obama administration spends, the worse unemployment gets.