A “huh??!?!?” moment from President Obama’s talk with Fox News’s Major Garrett-
It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession
So, the most Keynesian following President in history outside of FDR thinks that adding to the national debt will hurt the economy. We really don’t understand this at all. Why pass trillion dollar bill after trillion dollar bill if he really believes this? Is this another case of ideology over practicality (or as we often write about in the finance world, market ideologues, vs. market fundamentalists)…we’ll let you decide
