The proof about Keynes at long last

Discussion in 'Economy' started by Brutus, Oct 18, 2011.

  1. Brutus
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    Brutus Senior Member

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    On a Sunday show Krugman said Keynesian stimulus works. Of course, if this was true all would have accepted it by now and he would have written an historic blockbuster book to prove it making him the greatest economist in history.

    Krugman used WW 2 as his best example which left everyone laughing. Actually, Paul, unemployment was low because 12 million men were drafted into the military and because our factories were working overtime to make weapons that we used to bomb the competitions economies into the stone age!
     
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  2. cbirch2
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    cbirch2 Active Member

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    [​IMG]



    So stimulus doesnt work, and the economy just happened to have a historically powerful rebound right after it was signed and began to slow as it ran out.......

    Just a coincidence though....no correlation....

    LMAO god anti-keynsians are idiots. Its just like how they said the stimulus would raise interest rates, and instead they dropped. Or how they said bernanke was going to create inflation, when in reality a tripling of the monetary base did nothing because were in a liquidity trap.

    Next time you criticize a Nobel laureate in economics, make sure you know very simple facts about economics. lol. noob.
     
    Last edited: Oct 20, 2011
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    If you only look at the asset side of the balance sheet, every company is a huge success!

    ZOMG!!!!!!

    Krugamn says the stimulus failed because it needed to be $3 Trillion, proving he's a complete fucking economic illiterate
     
  4. cbirch2
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    cbirch2 Active Member

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    Are you serious?

    The federal government estimates the size of the subprime mortgage crisis as 6.8 trillion dollars. The stimulus was 10% of that. Its math not politics.

    Idiot.
     
  5. cbirch2
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    cbirch2 Active Member

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    Ill borrow a graph from expat

    [​IMG]

    Clearly the obama economy has grow at the same speed as the early bush economy, maybe even faster. The problem is that the late bush economy saw the largest and fastest contraction in 100 years, even greater than the great depression. Its still taking time to dig out of the piece of shit bush left behind.

    Read the graph in depth. Bush's economy dropped back down to the trend line that existed since WW2. Its as if the 90's boom never happened, and the growth rate was constant through the late 20th century.

    Obamas economy however, grew pretty fast.
     
  6. Truthmatters
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    Truthmatters BANNED

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    Money doesnt act differently when its infused into an economy because of where it came from.


    Stimulus works and it always has worked.

    Its a failing republican party that tries to retain their historically failed ideas who pretend it doesnt work.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Proving conclusively that you're a bigger fucking moron that Krugman who got his Noble Prize for the amazing revelation that, wait for it, people like to buy different thing and that the manufacturer need not be located next to the consumer to provide them!! ZOMG!!

    What's your point, that Failed Stimulus should be $6.8 trillion?? Where does that money come, Obama Stash?

    Krugman is a complete fucking economic illiterate
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Both Obama and Krugman have admitted Stimulus failed.

    [ame=http://www.youtube.com/watch?v=O55aRrvXtio]Obama: Shovel-Ready Not as Shovel-Ready as We Expected - YouTube[/ame]

    The Great Abdication - NYTimes.com
     
  9. cbirch2
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    cbirch2 Active Member

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    LMAO that is hardly an admission that stimulus policy in general doesnt work. Nor is it even an admission that the actual stimulus bill failed.

    Did you even look at the graphs at all? Here, ill post more for you.

    [​IMG]


    During the time the stimulus money was making its way through the economy the growth in GDP was faster than in 2007. <---- FACT
     
  10. Truthmatters
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    they deny history , science, economics, polls, dictionarys, encyclopedias and anything else that shows their talking points are utter bullshit propaganda.


    They are brain dead America
     
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