Keynesian Economics

[usmcstinger]

Obama tried to use Keynesian Economics to come out of his recession. All it did was to create the longest recovery ever from a recession. Obviously, he is going to try it again as a power behind Biden. This Economic Philosophy has never brought any Country out of a recession. It always amazes me that the Left Wing WACKOS continue to try failed policies over and over again expecting a positive result that never takes place. I believe this is termed insanity! Obama Care again?

 

[Mac1958]

Obama gets a C on the economy, since he knew to just get out of the way of the Fed, which had little choice to do what it did.

However, Keynes was turning over in his grave during the term of Obama's predecessor, who signed and applauded a massive spending bill, and then had the nerve to beg the Federal Reserve to not only INCREASE quantitative easing, but ALSO to DECREASE interest rates. When we were NOT even in a RECESSION. Then he BRAGGED about the stimulative effects of QE as if HE was writing the checks.

Keynes, indeed.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

 

[Oddball]