Peter Ferrara, director of entitlement and budget policy at the Institute for Policy Innovation, recently wrote a piece for The American Spectator entitled, “The Failure of Obamanomics.” He thinks Obama is a Keynesian. The raging Obama hating causes delusion.
This morning Thom Hartmann interviewed him for his radio show. Thom asks him to provide just one example of a country in the history of the world that has successfully cut its way to prosperity. As poor Peter stumbles to search his precious mind for one, Thom reiterates his question and Ferrara freaks out and spouts all kinds of historical inaccuracies about our post Wold War I bubble that led directly to the Great Depression.
