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It really amuses me how much some people use selective memory or didn't attend history class, because some of the rightwingers in here are clueless as to how Keynseian economics works and what got us out of the depression outside of WWII
It really amuses me how much some people use selective memory or didn't attend history class, because some of the rightwingers in here are clueless as to how Keynseian economics works and what got us out of the depression outside of WWII
Are you serious? You think Bush supporters have a clue as to how the economy works? These people watch FOX News, it's surprising they know how to get out of bed in the morning.
America is the dumbest industrialized nation in the world, it reelected George W. Bush!
It really amuses me how much some people use selective memory or didn't attend history class, because some of the rightwingers in here are clueless as to how Keynseian economics works and what got us out of the depression outside of WWII
OK, since you are so wise, would you mind answering this question?
Suppose that you are in heavy debt because you spend more than what you earn. How do you come out of debt, by spending more, or by cutting spending?
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That's what has happened to the US in the past few years, and the national debt has escalated to enormous proportions. The value of the dollar drops a little more each day, and there is nothing to back the dollar (no gold, no silver), but a promise. To make matters worst, the US Government prints more money each day. If it wasn't because of foreign investors, including China, we could very well be in hotter water already.
Oh no, not another member of the KKK (Krugman Keynesian Klan) who is going to give revisionist history about the New Deal's impact on the GD.
Believe me, it's you and "Better dead than red" friends wish saying Keynes economics influenced the Great Depression positively was reivisionist history. You do realize before WWII jobs had been restored and the country as a whole was making more money, right? It's revisionist history on your part to think people were living like they were in 1932 in 1940
OK, since you are so wise, would you mind answering this question?
Suppose that you are in heavy debt because you spend more than what you earn. How do you come out of debt, by spending more, or by cutting spending?
---
That's what has happened to the US in the past few years, and the national debt has escalated to enormous proportions. The value of the dollar drops a little more each day, and there is nothing to back the dollar (no gold, no silver), but a promise. To make matters worst, the US Government prints more money each day. If it wasn't because of foreign investors, including China, we could very well be in hotter water already.
The government is spending in order to stimulate and put money in the pockets of the people, hoping they spend, business owners pay bigger taxes, government spends on the working class, and repeat the process. It's called Keynsian economics, and it's what was the main factor in getting out of the Great Depression outside of WWII
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