"The stimulus failed"

In which I am not exactly surprised to be proven correct again:

Originally, I intended to just clip out the statement from Keynesian economist Jeffrey Sachs that “the stimulus failed,” which Joe Scarborough had to dig to get, but the entire segment is worth viewing. First, Sachs confirms — on MS-NBC, no less — that the Obama administration and Democrats in Congress had no strategy for long-term growth. The stimulus was a collection of short-term minor stimuli, combined with liberal hobby horses that Democrats had ridden for twenty years. Scarborough tries to defend Keynesianism from the Keynesians, but the failure can’t be separated from the philosophy.

The amusing thing about the failure of the stimulus isn’t that its failure was predictable, but rather that the shameless excuse-making of the Neo-Keynesians regarding its failure was also not only predictable, but predicted too.

And note all the talk about double-dip recessions, coming right on schedule in Q2 2010. Remember, as per RGD, the Great Depression 2.0 talk isn’t supposed to kick off in earnest for another two quarters.

WND column

Solving the Middle East

Helen Thomas has come in for an amount of criticism for her suggestion that the Jewish population of Israel should return to Germany and Poland. Setting the increasingly ineffective histrionics about anti-Semitism aside, (an accusation that has lost its potency since the professionally offended hate hustlers began slinging it at everything from Merry Christmas greetings to criticism of Wall Street felons), that criticism is well justified.

Encouraging Jewish emigration to Europe is an absurd idea for several reasons. The Europeans don’t want them, as was made eminently clear some 50 years ago. Nor do the New Ummayads, who make up a miniature and increasingly independent Umma within the creaky seculardom of the European Union. And most importantly, Israeli Jews don’t harbor any desire to return to a continent where they were banished from various kingdoms more than 30 different times over the centuries.