After eight years of higher spending and more intervention, some of us were hoping for change. Unfortunately, President Obama apparently wants to be George Bush on steroids. I explained in a previous video (https://www.cato.org/2008/12/15/are-we-all-keynesians-now/) why Keynesian economics was misguided. The much‐anticipated sequel is now available for your viewing pleasure.
This new video looks at the details of Obama’s $825 billion plan to make America more like France. At the risk of spoiling the conclusion, there is no reason to think that big government will work any better for Obama than it did for Bush.