President Obama gave an economics-based speech at Knox College recently:

Wabash College student Christian Lopac noted it was “Einsteinian”…and not in a good way:

Most know the Einstein quip defining insanity as “doing the same thing over and over again and expecting different results.” Fewer know that by this popular and valid definition President Obama’s economic policies are insane. With its faulty, flawed, and unjust beliefs, these economic policies displays all of yesterday’s failures. But, we see in Obama’s faith in his plan today’s lunacy and tomorrow’s collapse.

Rather than focusing on a few key issues, Obama carpet-bombed issues, points, and ideas throughout his speech at Knox College. Some of these issues included the costs of higher education, healthcare, minimum wage, and others. The constants throughout Obama’s speech were an almost Marxian obsession with the middle class and promises of statist strategies as a means to a better economy. In a more precise and coherent manner, we shall take the opposite approach in examining the President’s economic plan. Rather than detailing what’s wrong point-by-point, we shall instead examine the broader economic philosophy. This enables an individual to acquire much more than mere responses to a politician’s speech.

…The insanity of Obama’s Keynesian economic plan is much larger than the United States. Even though World War II did not produce a Wirtschaftswunder and the Federal Reserve’s policies created the housing market crash, the evidence continues showing Keynesianism’s utter failures. In Japan during the late-1980s and 1990s, Keynesian solutions to a recession did nothing to truly aid the economy. And the European Union’s recent crisis resulted from Keynesian monetary policies. If Keynesian policies failed in all these instances, it is insanity to believe they will yield different results.The economically perceptive see Obama’s plan as a future failure, and the politically perceptive see it as pandering to voters and citizens. In reality, the administration may not care if the plan succeeds or not. Rather, it is the opening of the government coffers and enticing citizens with educations, healthcare, and retirement. Completely free markets, even if left alone, will move up and down. It is merely natural. But politicians may not remain in power. And, while politicians implement insanity, their base desire for remaining in office persists. We find, then, an even greater insanity, one beyond Keynesian thought: looking to politicians and government for answers, guidance, and change.