Keynesian Economics Does Not Work

[Bush92]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

 

[Bush92]

President Obama Was Right About Those Chinese Manufacturing Jobs They re Never Coming Back - Forbes
Oh, and before the Obamaphiles go crazy about the goodness of his heart toward working Americans, he has already written off the prospect of manufacturing returning to USA. Federal stimulus is not the answer. Generations of union households that voted straight Democrat, sold down the river bt Democratic Party.

 

[gipper]

Of course federal spending fails to stimulate the economy. One would have to be brain dead not to know this (or a big government loving statist...sorry for the redundancy), particularly after TRILLIONS have been spent without beneficial affect, except for enriching many in government and those connected to it.

But this is not exclusive to the D Party. The Rs are just as good at it.

 

[Nyvin]

Do you know for certain what would've happened had there been no stimulus?

 

[Bfgrn]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.

 

[Bush92]

Do you know for certain what would've happened had there been no stimulus?

Yes. The economy would have adjusted itself.

 

[Bush92]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.

In some ways you are right. Government spending creates jobs for federal bureaucrats that taxpayers must foot the bill for until retirement. Then pay even more in their twilight years. So yes, you have highlighted another negative to socialism.

 

[occupied]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

 

[EconChick]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

 

[occupied]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

I know that a rising tide does not, in fact, raise all boats, tired of people still trying to sell that biggest lie of the 20th century.

 

[EconChick]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

I know that a rising tide does not, in fact, raise all boats, tired of people still trying to sell that biggest lie of the 20th century.

Nothing works 100%, but relative to your liberal theories of big govt spending, the rising tide does an EXPONENTIAL amount more.

 

[EconChick]

Anyone that thinks there's a perfect theory really needs to go back to playing monopoly or knitting.

You have to look at which is the lessor of the evils instead of all or nothing, black and white.

 

[Nyvin]

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

We've been running supply side economics since the Reagan years (with the lowest tax rates since then to show for it...)

Why is income inequality still rising faster then ever?

 

[occupied]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

I know that a rising tide does not, in fact, raise all boats, tired of people still trying to sell that biggest lie of the 20th century.

Nothing works 100%, but relative to your liberal theories of big govt spending, the rising tide does an EXPONENTIAL amount more.

For whom? Income inequality is approaching late 19th century levels after decades of giving big business practically everything they wished for, soon they will have accomplished destroying our safety nets with their pet politicians while wages will continue to be flat or even decline, I see supply side economics as a roadmap to plutocracy, it works wonderfully to concentrate wealth at the top and to keep the working poor dependent on their usurious credit lines and for profit healthcare.

 

[Bush92]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

Andrew Mellon was the iconic figure of the 1920's. Economic boom of that decade not possible without his supply side policies.

 

[Freewill]

Do you know for certain what would've happened had there been no stimulus?

Not really but we do know what did happen.

Before you post it, your come back will be, it prevented a depression. Which is just a guess, just as it would be a guess to say what would happen without the stimulus.

 

[Nyvin]

Andrew Mellon was the iconic figure of the 1920's. Economic boom of that decade not possible without his supply side policies.

you mean economic bubble....

 

[Bush92]

No single dogmatic economic philosophy works on it's own without hurting the working class, it's why we and the rest of the western world use a mix of what seems to work to keep the poor from storming the halls of government or hanging bankers in the public square.

Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.

I know that a rising tide does not, in fact, raise all boats, tired of people still trying to sell that biggest lie of the 20th century.

Nothing works 100%, but relative to your liberal theories of big govt spending, the rising tide does an EXPONENTIAL amount more.

For whom? Income inequality is approaching late 19th century levels after decades of giving big business practically everything they wished for, soon they will have accomplished destroying our safety nets with their pet politicians while wages will continue to be flat or even decline, I see supply side economics as a roadmap to plutocracy, it works wonderfully to concentrate wealth at the top and to keep the working poor dependent on their usurious credit lines and for profit healthcare.

Look, we are not a Dickesonian society. America is loaded with opportunity. I wish manufacturing base would come back because that would be a huge shot in the arm to economy in terms of investment and disposable income of consumers.

 

[Bush92]

If we could create more blue collar jobs for people, then they will take out home loans, truck notes, buy lawn mowers, washers and dryers, invest in kids college funds...it's a win-win situation. We must stop allowing China to manipulate currency and dump their goods on our market. Wal-Mart and dollar stores need a rude awakening.

 

[Nyvin]

Not really but we do know what did happen.

Before you post it, your come back will be, it prevented a depression. Which is just a guess, just as it would be a guess to say what would happen without the stimulus.

The entire theory for enacting the stimulus was what happened in 1929 when the stock market crash similar to 2008. The (GOP) government did nothing and just let things work themselves out on their own ("the market will adjust"). There was no stimulus, no government actions...nothing.

Guess what happened? The depression got much...MUCH....worse...the economy went from being bad to totally falling off a cliff. It led to the 1932 elections with Democrats taking over the government and the peak of the depression didn't occur until 1933...a full four years after it started.

So yeah....we kinda have a good idea what would've happened without stimulus. The central government was the ONLY creditable name out there to get money flowing...it had to take action, and it did.