I love saying “I told you so”

Back in January of 2009 I wrote the following (and felt very ver confindent in my proclamation):

President Obama?s nearly trillion-dollar
spending package, like George Bush?s efforts last fall, has no chance
of enhancing economic growth…[President Obama’s]plans to continue the
Bush legacy of massive increases in government spending and debt will,
in all likelihood, prolong the recession… the problem is not with the details but with the idea that government can
spend an economy out of recession. Every dollar that the government
funnels into the ailing economy ultimately has to be diverted from
other activities in that same economy.