The Really, Really Slow Learner

Go over and look at the disturbing graph that David Boaz has posted at the Cato@Liberty blog. It ain’t pretty, folks. As Boaz puts it:

Let’s hope the Obama administration soon learns that higher taxes, more regulation, a larger share of GDP shifted to government, fears of Fed monetization of soaring debt — not to mention newspaper reports of Obama budgeteers “flipp[ing] through the tax code, looking for ideas” — can only discourage employers, investors, and entrepreneurs. Robert Higgs has cited the role of “regime uncertainty” in prolonging the Great Depression, as investors worried about what FDR might do next. Will Wilkinson points to Treasury Secretary Tim Geithner’s saying “businesses want certainty. They need certainty so they can make long-term plans today.” Unfortunately, Will says, “Creating completely irresponsible, economically chilling regime uncertainty would appear to be the basic modus operandi of the Obama administration.”

In other words, Obama does not get it. His mendacious, maladroit munchkins do not get it. The Democrats controlling Congress do not get it.

So we’re gonna get it.

More insane spending by the utterly clueproof, greater debt, more economic uncertainty and even higher unemployment (ahem). Insanity. Doing more of the same and expecting different outcomes.

Insanity.