Thomas Sowell: Obama succeeded only in creating uncertainty

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If you could spend vast amounts of other people’s money just by saying a few magic words, wouldn’t you be tempted to do it? President Obama has spent hundreds of billions of dollars of the taxpayers’ money just by using the magic words “stimulus” and “jobs.”

It doesn’t matter politically that the stimulus is not actually stimulating and that the unemployment rate remains up near double-digit levels, despite all the spending and all the rhetoric about jobs. And of course nothing negative will ever matter to those who are part of the Obama cult, including many in the media.

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