AMERICAN THINKER: The free-spending left has always been known for its firm belief in free lunches and general economic illiteracy. But taken in investment terms, the left-dominated Obama administration comes up looking even more colossally stupid, bringing back just 44 cents for America for every dollar spent. What kind of investment is that?
A professional investor’s analysis, spotted by ZeroHedge writer Tyler Durden, really makes President Obama, and the vaunted stimulus spending program he is still praising on behalf of himself, look like a rube, a boob, and a fool. Seriously, you would not want Obama to be your fund-manager after reading this. Simon Black, whose website says he lives in Chile, explained this as he analyzed what was almost exclusively the Obama administration’s $11.6-trillion stimulus.
The size of the stimulus didn’t bother him. The problem, he said, was the return on investment. As he explained it: