LOL. Record deficits plus a trillion dollar stimulus and growth never exceeded 3%. If that isnt failure I dont know what is.In History? Bullshit, go back to the 1900's.It was the biggest intervention by the gov't in the economy in history. And it failed. Totally and completely. We ran record deficits for years. They're still higher than before the recession. Biggest stimulus ever and biggest failure ever.Raw numbers mean nothing. The worst recession since the great depression and we respond with slightly lower taxes and a small amount of spending. Of course, the deficit will automatically increase either way thanks to stabilizers such as food stamps and unemployment. Look at our potential GDP. The pathetic Obama stimulus was far to small, and after the bush stimulus, which actually improved things, we literally did nothing until then, when the evidence showed the bush stimulus worked! Yet, we sat back and allowed us to sink further, until the obama stimulus which helped, but wasn't large enough, hence, our pathetic recovery.LOL!!! Deficit spending was at record levels! It was the biggest demonstration of the failure of Keynesianism of all time.GDP growth is so low thanks to a pathetic stimulus and a lack of deficit spending.Probably GDP growth under 3% every year and record numbers of people not working and/or collecting benefits.
World war 2 was an example of massive government spending, and it pulled us out of the depression.
The stimulus didn't fail, ask any economist:
http://www.nytimes.com/2014/07/30/u...ts-agree-the-stimulus-lifted-the-economy.html
You can't argue with data either! In fact, many agree the stimulus was to small to handle the loss from the recession!
Yes, and the deficits helped save the private sector from continuing to spiral downward.
Now these idiots want to cut deficits and force the private sector to start building up debt again..
And spending in WW2 did not bring us out of recession.