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Keynes was opposed to large structural deficits. He thought that they chilled rather than stimulated the economy.
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He viewed private investment, as opposed to big government spending, as the source of durable job creation.
What would Keynes think of Obama's stimulus plan?
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It's unbelievable that a man whose main theme was to smooth investment comes to be the proponent of redistributing income away from the people and companies who do the investing.
Ahh...a personal attack is all that you have? Can't address the points I made? Not surprising considering how "rosy" you view all that is obama.
No, it wasn't an attack on you. Sorry if it came off that way - just a suggestion. And, I have a lot of critiques of Obama. I just think the general direction is what we need for right now. Could we keep this spending up forever? No. But, the markets haven't been working so we need someone comfortable with government.
That, just on pure principle, troubles a lot of people but it's clearly working for the economy - slowly but surely.
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And to bolster your point you quote Romer - obama's CEA Chair? We've already had a taste of how obama counts stimulus jobs - meaning on the last count, it was a total joke across the country as dozens of analyses found bogus numbers, bogus counting.
Well, whether it was purposely bogus or just difficult to measure is up for debate. But, in the end, economists are supportive of the overall direction:
That, just on pure principle, troubles a lot of people but it's clearly working for the economy - slowly but surely.
Well, whether it was purposely bogus or just difficult to measure is up for debate. But, in the end, economists are supportive of the overall direction:
Of course reason and rationale don't work in this forum. Obama is doing what he can to clean up Bush's mess, and most economists do agree the ship is slowly turning away from the iceberg, yes in part due to the stimulus package.
I honestly think a lot of people would prefer to just let the country sink into Mad Max territory and live like a pack of wolves, providing they do not have to contribute anything to the greater good.
Ah, but the entrepreneur, my boy, where is your respect for the entrepreneur and those other rich people you are afraid to tax? Is it shocking for you to believe that they should rule (and be encouraged in it by you) for the mere reason of their having some sort of imagined business drive and acumen that you lack? If not, why should it be shocking to your meritocracy principles to see that the most enlightened and intelligent people move ahean in civil government as well? Should a Rasmussen poll be used to answer complex corporate issues and problems? And if not, why would any such thing be relevant to complex issues and problems of government? I don't think you really have a position here that you can stand on.
Afraid to tax!!?!?!? Saggy, it is THIER MONEY, not yours. You do not have a right to take thier money or tell them how to spend it.
The Rich rule??? Is this really what you think, Saggy? I think THE PEOPLE, regardless of income or despite what liberals think of them, should rule. These "ignorant' people are alot smarter than you think and your arrogance and attitude of academic and moral superiority speaks volumes of your perception of "freedom and liberty for all'. It appears, in your mind, some animals are more equal than others, just like a good tyrant.
Enlightened and intelliengent people in government? Most of the people who are intelligent are in buisness and the sciences and have no interest in goverment. I would offer that the twits are interested in government. Witness Nancy Pelosi. These are not the cream of the crop, but are the waste. I would rather have one of the "hillbillies",for which you hold such contempt, in charge rather than one of these professional crooks.
Complex issues???!?! Saggy, you are rich! Most of the issues in government are common sense issues that any child can understand and implement-
work hard
don't spend money you don't have
treat others how you would like to be treated
Politics does not require any advanced degrees or education nor does it require the courage and hard work required to succeed in buisness.
I can see why fascism and communism (authoritarian socialism) are so appealing to the liberal, as the core beliefs of academic and moral superiority are more at home in those systems than in a republic. News flash here, Saggy- In the US (at least for now), you do not have any more rights or authority than the "dirty masses" you despise. That's what makes America great, and is why you hate America. What you wish for is a feudalistic system in which the "enlightened" rule over the serfs. That is what makes your kind an enemy of liberty and the principles upon which the country was founded.
What a coincidence, never heard of your "proverb" either!
Not surprising, since you are certainly no economist.
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Originally Posted by summers73
Inserting partisan hack response = FAIL
I don't know. There's no real secret as to the political leanings of the Scaife family or the Coors family or the Koch family or the Bradley family or even the Walton family. These are the people who support the so-called Mises Institute. Without them, it would be gone in a month. These are the same people as well who swish around in the background promoting the so-called Tea Party movement. A lot of you just don't realize that you've been bought and paid for here...
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