Is Obama A Keynesian?

[Ragnar]

[ame]http://www.youtube.com/watch?v=_23Nt5XumaU[/ame]



Hat tip to Hot Air...

Question for Stewart ralliers: Is Obama a Keynesian, or was he born in America? Hot Air

I have no way of knowing if they’re representative of the crowd — my assumption is that they’re emphatically not — but then that never stops the left from smearing tea partiers by tracking down the cretins at their rallies and giving them a spotlight. Enjoy the turnabout.

I agree with the above. There are dumb folks in every crowd.

 

[LiberalNut]

Of course Obama is a Keynesian, as is every other sane person who knows anything about economics.

Oooo goodie. Do I get to actually argue economics with someone? Does this person have the tools?

Tell me Rag, what's your problem with the notion that the ISLM and Philips curves pretty much explain the macro-economy?

 

[boedicca]

Keynsianism is the smoke screen used by those who wish to implement totalitarian control of the economy.

Just sayin'.

 

[LiberalNut]

FTR, I know this thread wasn't really supposed to be about economics. Anyway...

boed, what's your problem with the notion that the ISLM and Philips curves pretty much explain the macro-economy?

What do you think Keynesianism is?

 

[boedicca]

I already said what Keynsian is.

 

[LiberalNut]

Umm, no, you spouted some pretty inane stuff. Now, please, if you are capable, tell me what substantive differences you have with the Keynesian econometric model. I mean, we added solid micro-economics and everything!

Do you have a clue?

 

[Big Black Dog]

I don't know if he's a Keynesian or not but I do know he's one fucked up President. If you think Bush was fucked up, Owe Bama should really be ringing your bell.

 

[boedicca]

Umm, no, you spouted some pretty inane stuff. Now, please, if you are capable, tell me what substantive differences you have with the Keynesian econometric model. I mean, we added solid micro-economics and everything!

Do you have a clue?

How's that Stimulus Package working out?

 

[LiberalNut]

I don't know if he's a Keynesian or not

But the more relevant question is, do you know what a Keynesian is?

 

[boedicca]

Actually, the more relevant question is:

Which whackjob leftwing troll's sock puppet are you?

 

[LiberalNut]

How's that Stimulus Package working out?

Not bad for the limited size and scope. An economy that was shedding about 800,000 private sector jobs a month was turned into one that's creating them at about 60,00 a month. Clearly more is needed.

But the model. Do you have any substantive difference with it? Do you know what the ISLM curve is?

 

[Quantum Windbag]

Of course Obama is a Keynesian, as is every other sane person who knows anything about economics.

Oooo goodie. Do I get to actually argue economics with someone? Does this person have the tools?

Tell me Rag, what's your problem with the notion that the ISLM and Philips curves pretty much explain the macro-economy?

Must be some insane economists out there.

Problems With Keynesian Economics | Small Business - Chron.com
JSTOR: An Error Occurred Setting Your User Cookie

Feel free to debate with them.

 

[Sallow]

Umm, no, you spouted some pretty inane stuff. Now, please, if you are capable, tell me what substantive differences you have with the Keynesian econometric model. I mean, we added solid micro-economics and everything!

Do you have a clue?

How's that Stimulus Package working out?

Pretty good actually.

And TARP is showing profits.

 

[LiberalNut]

My goodness that article was inane. It completely mistates what Keynesianism is, most eggregiously with the claim of price fixing! No mention of the ISLM or Phillips curves. No clue whatsoever.

I don't want to argue with an inane link Q. I want to argue with some other real person with a clue.

I'm guessing you aren't one of those.

 

[loosecannon]

Keynsianism is the smoke screen used by those who wish to implement totalitarian control of the economy.

Just sayin'.

That's statism.

n.
The practice or doctrine of giving a centralized government control over economic planning and policy.

statist stat'ist adj. & n.


In development studies, statism means the direction and control of economic and social affairs by the state. The practices included: investment in public enterprises; centralized economic planning; the regulation of employment; and other price-distorting interventions in the market. The economic aims are to promote industrialization and protection against foreign competition; politically, the state and the government might gain in domestic legitimacy. Inspired more by nationalism than by socialism, statism is compatible with state capitalism. Since 1980 statism has been challenged by economic liberalism and structural adjustment reforms. Statism is also referred to as dirigisme and étatisme. France and Japan were classic statist examples.

http://www.answers.com/topic/statism

In fact oddly enough statism is something you blame Obama for not doing enough of.

Bush was a Keynesian. As was Clinton, Reagan, Bush 41, Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower, Truman and FDR.

In fact under Kennedy the phrase "we are all Keynesians now" took root:

The Economy: We Are All Keynesians Now - TIME

The Economy: We Are All Keynesians Now
Friday, Dec. 31, 1965.....

 

[Kevin_Kennedy]

I've watched this video, and the thing I notice is that the interviewer purposefully misstates Keynesian to make it sound like "Kensian" and then correctly pronounces it after the people mistakenly think he's talking about Obama's birthplace.

 

[LiberalNut]

Bush was a Keynesian.

Nope. Supply-sider. Insofar as we can discern that he had any economic philosophy at all.

As was Clinton

Yup, Keynesian.

Bush 41

Yup, Keynesian.

Reagan

Oh hell no! Supply-sider/Classicalist

Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower, Truman and FDR.

Yup, all Keynesians.

 

[Liberty]

typical liberals.

 

[LiberalNut]

Liberty, do you know what an ISLM curve is?

 

[loosecannon]

Bush was a Keynesian.

Nope. Supply-sider. Insofar as we can discern that he had any economic philosophy at all.

As was Clinton

Yup, Keynesian.

Bush 41

Yup, Keynesian.

Reagan

Oh hell no! Supply-sider/Classicalist

Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower, Truman and FDR.

Yup, all Keynesians.

Both Reagan and Bush 43 used stimulus to promote economic growth. The only difference between a supply sider of their character and a Keynesian is the volume of intervention applied and the circumstance of its application.

Modern monetarism is an outgrowth of Keynesian economics. Therefore even Alan Greenspan, the mother of all bubblers, was a Keynesian.