Policy Fail: You Can't Spend Your Way Out of Recession

Our latest guest is British Member of the European Parliament Daniel Hannan, who came to wide acclaim for his stripping down of then Prime Minister Gordon Brown:

“The truth, Prime Minister, is that you have run out of our money … you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line… And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government.”

To hear what he has to say about politics in America and the Tea Party movement, health care and the Europeanization of the US, the decline of the family unit and America’s role as the world’s only superpower, watch our full interview below.

[youtube Ufyov9RO8I0 Watch here]

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