The proof about Keynes at long last

[Brutus]

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!

 

[cbirch2]

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!

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.

 

[CrusaderFrank]

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!

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.

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

 

[cbirch2]

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!

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.

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

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.

 

[cbirch2]

Ill borrow a graph from expat

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.

 

[Truthmatters]

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.

 

[CrusaderFrank]

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.

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

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.

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

 

[CrusaderFrank]

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.

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

 

[cbirch2]

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.

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

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.

During the time the stimulus money was making its way through the economy the growth in GDP was faster than in 2007. <---- FACT

 

[Truthmatters]

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

 

[cbirch2]

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

Its amazing. The only group of people that believess intelligence is a bad thing is the republican party.

 

[Truthmatters]

Why a certain faction of the American people buy the propaganda on the right used to justify allowing CEOS to run our countries policy with money and keep the peoples voices from our system is beyond me.


How can people be so gullible?

 

[cbirch2]

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.

Republicans try to offer the doctrine of "crowding out" to explain why stimulus doesnt work. Basically they say higher public sector spending means lower private sector spending. Problem is its a bunch of bullshit. The amount of money the government spends is, at least in the short term, independent of the money it takes in. It borrows the difference. The only way that public sector spending could decrease private sector spending is if consumers and business owners spent less in anticipation of higher taxes later. Its the assumption of the immortal and perfectly rational consumer, a well known economic fallacy. It kind of makes sense on a collective basis. But on an individual basis it makes no sense. No consumer is going to reduce their spending because the government spends more, the world doesnt work like that.

The government needs buy large amounts of private sector debt and move it all to one balance sheet that doesnt effect the private economy. As long as it doesnt borrow too much interest rates wont go up and it wont drag on the economy. As long as we get sustained growth from that it would offset any growth in debt.

 

[CrusaderFrank]

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.

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

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.

During the time the stimulus money was making its way through the economy the growth in GDP was faster than in 2007. <---- FACT

So the economy is doing great but we got downgraded, unemployment is 9%, and we're setting records for debt,deficits, unemployment and poverty?

 

[CrusaderFrank]

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

Its amazing. The only group of people that believess intelligence is a bad thing is the republican party.

Oh, so are you one of the "Liberal Intellectual Elite" I've heard so much about?

 

[CrusaderFrank]

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.

Republicans try to offer the doctrine of "crowding out" to explain why stimulus doesnt work. Basically they say higher public sector spending means lower private sector spending. Problem is its a bunch of bullshit. The amount of money the government spends is, at least in the short term, independent of the money it takes in. It borrows the difference. The only way that public sector spending could decrease private sector spending is if consumers and business owners spent less in anticipation of higher taxes later. Its the assumption of the immortal and perfectly rational consumer, a well known economic fallacy. It kind of makes sense on a collective basis. But on an individual basis it makes no sense. No consumer is going to reduce their spending because the government spends more, the world doesnt work like that.

The government needs buy large amounts of private sector debt and move it all to one balance sheet that doesnt effect the private economy. As long as it doesnt borrow too much interest rates wont go up and it wont drag on the economy. As long as we get sustained growth from that it would offset any growth in debt.

And if that theory every actually worked once in practice, Greece, Italy, Spain, Portugal and Ireland would be doing great.

 

[cbirch2]

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.

Republicans try to offer the doctrine of "crowding out" to explain why stimulus doesnt work. Basically they say higher public sector spending means lower private sector spending. Problem is its a bunch of bullshit. The amount of money the government spends is, at least in the short term, independent of the money it takes in. It borrows the difference. The only way that public sector spending could decrease private sector spending is if consumers and business owners spent less in anticipation of higher taxes later. Its the assumption of the immortal and perfectly rational consumer, a well known economic fallacy. It kind of makes sense on a collective basis. But on an individual basis it makes no sense. No consumer is going to reduce their spending because the government spends more, the world doesnt work like that.

The government needs buy large amounts of private sector debt and move it all to one balance sheet that doesnt effect the private economy. As long as it doesnt borrow too much interest rates wont go up and it wont drag on the economy. As long as we get sustained growth from that it would offset any growth in debt.

And if that theory every actually worked once in practice, Greece, Italy, Spain, Portugal and Ireland would be doing great.

You have no idea what your talking about. Italy and Spain had budget surpluses at the start of the debt crisis. Greece had massive entitlement programs that were unsustainable. Thats very different than stimulus spending.

wow. facepalm

idiots here.

 

[Truthmatters]

I love how they pretend the spending on the war buildup in WWII was not government spending into the economy yet they always credit it with the recovery of the time

 

[cbirch2]

Both Obama and Krugman have admitted Stimulus failed.

Obama: Shovel-Ready Not as Shovel-Ready as We Expected - YouTube

The Great Abdication - NYTimes.com

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.

During the time the stimulus money was making its way through the economy the growth in GDP was faster than in 2007. <---- FACT

So the economy is doing great but we got downgraded, unemployment is 9%, and we're setting records for debt,deficits, unemployment and poverty?

how many more graphs do i have to show you for you to get it. Growth under obama has been the same as growth under bush, even better actually. The reason unemployment is still so high is because obama had to dig his way out of the giant hole that bush dug.

Read the S&P report. We didnt get downgraded because of debt, we got downgraded because one party flirted with the idea of temporarily not paying our bond holders for absolutely no reason.

idiot.

 

[CrusaderFrank]

Republicans try to offer the doctrine of "crowding out" to explain why stimulus doesnt work. Basically they say higher public sector spending means lower private sector spending. Problem is its a bunch of bullshit. The amount of money the government spends is, at least in the short term, independent of the money it takes in. It borrows the difference. The only way that public sector spending could decrease private sector spending is if consumers and business owners spent less in anticipation of higher taxes later. Its the assumption of the immortal and perfectly rational consumer, a well known economic fallacy. It kind of makes sense on a collective basis. But on an individual basis it makes no sense. No consumer is going to reduce their spending because the government spends more, the world doesnt work like that.

The government needs buy large amounts of private sector debt and move it all to one balance sheet that doesnt effect the private economy. As long as it doesnt borrow too much interest rates wont go up and it wont drag on the economy. As long as we get sustained growth from that it would offset any growth in debt.

And if that theory every actually worked once in practice, Greece, Italy, Spain, Portugal and Ireland would be doing great.

You have no idea what your talking about. Italy and Spain had budget surpluses at the start of the debt crisis. Greece had massive entitlement programs that were unsustainable. Thats very different than stimulus spending.

wow. facepalm

idiots here.

You're a hazard to yourself and others.

"The government needs buy large amounts of private sector debt..." What the fuck do you think F/F did?!! Are you THAT clueless? How many times must a Failed experiment fail?

We need more Stimulus like the Titanic needed to hit a second iceberg to try to close the gaping hole made by the first.

The PIIGS followed your advise and the EU is going to meltdown. Germany can't, won't and shouldn't save them, Greece debt holders need a 50% haircut or more.