Friday, January 29, 2010

Obamanomics, Illustrated

The Democrats in the Senate just voted to raise the national debt ceiling to $14.3 trillion. This is the response from the Wall Street Journal's Pepper...and Salt:

The caption reads "How can you complain about a small bank fee when your share of the national debt is $30,000?" (American's actual shares are much larger than that.)

This illustrates the huge disconnect between, on the one hand, ordinary Americans who routinely scrimp and save and, on the other hand, Congress which is spending like a group of drunken liberals, as shown in this graphic:

PREVIOUSLY on the subject of Obamanomics and how it differs from economics:
How Dems are prolonging the recession
How Obamanomics destroys jobs
Obamanomics illustrated
Deficits: Obama goes where no man has gone before (illustration)
How to raise the standard of living
Obama's anti-intellectual economic theory
Obamanomics and the test of science
Obamacare may raise insurance costs by 54%
Harvard economist explains why Obamacare will raise premiums
HHS says Obamacare will cause costs to go up and cause employers to drop coverage

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