It's official: Obama is insane

"Insanity is doing the same thing over and over again but expecting different results." - Albert Einstein

So, you're the President of the United States. And there's a recession. You've just spent three-quarters of a Trillion dollars on stimulus spending and trumpeted the fact that you've saved 2 million jobs (translation: each job cost $379,000). The unemployment rate has risen from about 5-6% under the last administration to 9.6% under your administration even after this stimulus package.

The public disapproves of how you've spent so much, all signs indicate that the stimulus has been ineffective and you are facing midterm elections in less than 2 months. What do you do?

Well, if you were any sane man you would lick your wounds, admit that your approach has not produced the results you said it would and that you are going to retool your course and find a different approach. That's what any sane man would do.

Obama? Nah... he'd rather just toss out another $50 Billion.

Mind you, what he wants to put the money towards -- infrastructure -- is good. It's just that if he was going to do that he should have done it in the first place rather than wasting it on programs like employing non-Americans outside the US, build a firehall in an area that can't afford to hire firemen or weatherize homes to save $500 at the cost of $78,000 each.

It is as if Obama and the Democrats have a death wish. They have already damaged the ship with repeated iceberg strikes and still think that the path they are on is safe. And just like any gambling addict, they are sure that they are going to hit the jackpot soon. It's definitely going to be the next hand.

Okay, maybe the next hand.

No, no... the next hand for sure!

You can't spend your way out of an economic slump. It doesn't work on the individual front and it certainly doesn't work on the government front. Taking money out of the economy weakens the economy.

It doesn't matter if you as a government are going to spend that money because you're just adding more layers of bureaucracy between the money and its use. The public will either spend it right away or invest it with financial institutions who will reinvest it with others who will use the money again. Either way, the money will stimulate two or three economic activities before the government can even approve the spending for any single economic activity it would like to undertake.

But if your stimulus spending isn't achieving the results you thought it would, endlessly tossing good money after bad is nothing if not insane.