To those who voted for Oama

[konradv]

Do any of you understand Keynesian Economics?
If you can't explain it, don't bother to post anything.

Shame you couldn't follow your own advice. There's a couple of minutes I'll never get back, reading and responding to a nothing post. If you've got something to say, say it.

 

[Sallow]

Are you drinking?

Adirondack Original Club Soda, why?

You a fan of Greenspan?

I could have sworn you're adding something to it.

I'm no fan of Greenspan...I don't dislike him either.
I haven't really thought about it.

Ah so you're a fan of Friedman..or better yet, "Austrian economics"..

Or just name calling..not sure which.

 

[Sallow]

I like how some dickhead who can't even properly spell or utilize the English language wants to educate the rest of us.

Funny thing is that Maynard Keynes and Milton Friedman were similar in a lot of ways, most notably that both advocated bailing out private industry in times of trouble.

But Friedman had no provision for funding that. In other words, 'magic money'. Or voodoo economics.

I like the sound of this magic money.
Does Paul Ryan go to the same bank as Friedman?

Why..yes..yes he does.

 

[Sallow]

The good ol' boy farmer anti-federalist Thomas Jefferson, who is worshipped by Libertarians and Republicans everywhere, had very strong opinions about the dangers of allowing wealth to become unnaturally concentrated in the hands of the wealthy.

Funny how they are ignorant of that.

However, the solution is not higher taxes on the wealthy, although that would mitigate the problem to a small degree.

The solution is to remove the existing legislative thumbs which tilt the scale to the rich man's advantage.

.

Give this man a cigar.

 

[MikeK]

Do any of you understand Keynesian Economics?
If you can't explain it, don't bother to post anything.

How detailed an explanation do you want? I suggest for the purpose of discussion in this forum it will suffice to say J.M. Keynes advocates demand side economics, which promotes robust, horizontal circulation of resources, as opposed to Milton Friedman's torpid supply side economics, which effects vertical deflection of resources.

Demand side economics, in which the Nation's wealth resources are distributed horizontally (i.e., throughout the entire population) keeps those resources in circulation, thus maintaining a healthy economy -- such as existed during the decades between the 40s and 80s.

Supply side economics, in which resources are distributed vertically (i.e., upward toward a tiny percentage of the population) ultimately enables the Nation's wealth to be hoarded by the super-rich rather than circulated among those who actually have produced it and would keep it in circulation.

One example of the effects of supply side economics was seen in Chile wherein Augusto Pinochet followed Friedman's advice after the coup, thereby destroying that nation's economy and subjecting the working class to economic slavery. Another example is that which we are witnessing right here in the U.S.

For a more detailed explanation in non-academic format I highly recommend Naomi Klein's excellent book, The Shock Doctrine. It is extremely educational as well as lively and interesting.

 

[nodoginnafight]

a digression - sorry.

But the funniest thing about this picture is that Bush clearly doesn't get whatever the joke was and he's just laughing because everyone else is.

 

[BreezeWood]

the explanation is found in the positive GDP (Growth) since June of 09 to date -

after 17 months of negative growth beginning Dec. 07 with the previous Administration and the Great Recession.

 

[francoHFW]

Part of Keynesian economics is government deficit spending in a depression to stimulate the economy. Worked like a charm in 2009 and continues, though brainwashed chumps of the greedy rich don't know it. Just didn't do it enough, as experts thought the retraction was 3%, not 9%...

Great job, Pubbies, as well as tripling the debt under Reagan and doubling it under W, NOT in a depression.

 

[BallsBrunswick]

You are beyond stupid.

I need to get into a different business or into politics so I can rob dumb motherfuckers like you blind. I can't believe people still think Republican trickle down economics works. You've had over 30 years to show you it doesn't.

 

[idb]

Adirondack Original Club Soda, why?

You a fan of Greenspan?

I could have sworn you're adding something to it.

I'm no fan of Greenspan...I don't dislike him either.
I haven't really thought about it.

Ah so you're a fan of Friedman..or better yet, "Austrian economics"..

Or just name calling..not sure which.

Gosh, you're a sensitive one aren't you?

 

[ecinicola]

The problems lay with the voters for putting a Muslim in as Leader of our country. He is sending money to foreign countries at our tax payer expense, and when the American people are the ones who need that money right here. Obama loves spending our money. The people elected this man and unfortunately it will cause all of us to struggle in the next 4 yrs.
Our society of people have changed over the years, and the Liberals are using the power of words in order to have them believing what they say. its an old communist trick. And many people have fallen prey to it.
Business's all over the country are cutting back on hiring or the hours of who is employed. Things are not going to get better anytime in the next 4 yrs and even after that. Hang on to every dime, cus your going to need it.

 

[Rozman]

Part of Keynesian economics is government deficit spending in a depression to stimulate the economy. Worked like a charm in 2009 and continues, though brainwashed chumps of the greedy rich don't know it. Just didn't do it enough, as experts thought the retraction was 3%, not 9%...

Great job, Pubbies, as well as tripling the debt under Reagan and doubling it under W, NOT in a depression.

Wait a second....
Did you say it worked?

 

[mudwhistle]

You should have paid attention in economics class in high school.

When I was in h.s. they didn't teach that crap.

 

[mudwhistle]

Part of Keynesian economics is government deficit spending in a depression to stimulate the economy. Worked like a charm in 2009 and continues, though brainwashed chumps of the greedy rich don't know it. Just didn't do it enough, as experts thought the retraction was 3%, not 9%...

Great job, Pubbies, as well as tripling the debt under Reagan and doubling it under W, NOT in a depression.

Wait a second....
Did you say it worked?

He thinks it did because we didn't go into another Great Depression or the world didn't blow up. Anything else is gravy to franco.....

 

[tinydancer]

I like how some dickhead who can't even properly spell or utilize the English language wants to educate the rest of us.

Balls with all due respect, don't you understand the world aka this planet doesn't speak English?

Now that is my native language, but I understand and can speak french, half way there on german. And a version of Ukrainian. Wow and working on a berlitz version of spanish.

But when people insult others for not being able to speak English, one should think "what other languages can I speak"?

And then look in the mirror.

 

[tinydancer]

You should have paid attention in economics class in high school.

When I was in h.s. they didn't teach that crap.

smoker!

 

[BallsBrunswick]

I like how some dickhead who can't even properly spell or utilize the English language wants to educate the rest of us.

Balls with all due respect, don't you understand the world aka this planet doesn't speak English?

Now that is my native language, but I understand and can speak french, half way there on german. And a version of Ukrainian. Wow and working on a berlitz version of spanish.

But when people insult others for not being able to speak English, one should think "what other languages can I speak"?

And then look in the mirror.

Ironically I bet the vast majority of speakers of all the languages you mentioned could spell the President's ******* name right. And your point is retarded.

 

[Sallow]

I like how some dickhead who can't even properly spell or utilize the English language wants to educate the rest of us.

Balls with all due respect, don't you understand the world aka this planet doesn't speak English?

Now that is my native language, but I understand and can speak french, half way there on german. And a version of Ukrainian. Wow and working on a berlitz version of spanish.

But when people insult others for not being able to speak English, one should think "what other languages can I speak"?

And then look in the mirror.

I can speak POSIX and PERL.

Oh and I know several flavors of UNIX. And a little jive.

 

[usmcstinger]

It appears that very few of those responding were able to explain Keynesian Economics.
The socialist ass wipes as always resorted to senseless off topic responses.

"After observing the economic failures occurring in Spain, Ireland, England, Italy, Greece, and even here in the U.S. with the failure to increase growth, despite an extra $800B being pumped into the economy, one pertinent question is apparent – where in the world has Keynesian economics ever worked to grow and sustain an economy for the long term, with so much evidence that proves exactly the opposite?"
Where in the world is Keynesian economics working? – Ted Biondo - Rockford, IL - Rockford Register Star

G20 leaders have finally realized that too much government spending is not sustainable.
"Government finances of Portugal, Italy, Ireland, Greece, Spain -- and now possibly Hungary -- are shaky. And despite a bailout of nearly $1 trillion to keep Greece afloat, global investors continue to worry about whether the region can contain its debt crisis and prevent a default."
http://money.cnn.com/2010/06/10/news/economy/keynes_economics_europe.fortune/index.htm
France has moved from left to right to save their economy.

French President François Hollande has vowed to trim public spending and simplify France's huge public sector during a speech in which he told a pessimistic nation "decline is not our destiny". He has also stated: We should be capable of doing better in spending less," he said. "We have to show - France more than others, and more than Germany - seriousness and competitiveness."
French President Francois Hollande defiant in face of criticism | South China Morning Post

Is it rational for our government to expect a different outcome?

 

[spectrumc01]

It appears that very few of those responding were able to explain Keynesian Economics.
The socialist ass wipes as always resorted to senseless off topic responses.

"After observing the economic failures occurring in Spain, Ireland, England, Italy, Greece, and even here in the U.S. with the failure to increase growth, despite an extra $800B being pumped into the economy, one pertinent question is apparent – where in the world has Keynesian economics ever worked to grow and sustain an economy for the long term, with so much evidence that proves exactly the opposite?"
Where in the world is Keynesian economics working? – Ted Biondo - Rockford, IL - Rockford Register Star

G20 leaders have finally realized that too much government spending is not sustainable.
"Government finances of Portugal, Italy, Ireland, Greece, Spain -- and now possibly Hungary -- are shaky. And despite a bailout of nearly $1 trillion to keep Greece afloat, global investors continue to worry about whether the region can contain its debt crisis and prevent a default."

France has moved from left to right to save their economy.

French President François Hollande has vowed to trim public spending and simplify France's huge public sector during a speech in which he told a pessimistic nation "decline is not our destiny". He has also stated: We should be capable of doing better in spending less," he said. "We have to show - France more than others, and more than Germany - seriousness and competitiveness."
French President Francois Hollande defiant in face of criticism | South China Morning Post

Is it rational for our government to expect a different outcome from the proven failure of Keynesian Economics?

There are so many variables to your op. First and foremost you have to look at corruption levels in each country and then compare that to the US. I believe it is harder for the Europeans to operate under many smaller governements than it is for us to operate under one large federal government. As for which economic system is better I would tell you neither as the level corruption plays a direct role into the success or failure. Perhaps it would be best to ask which system allows for more graft and then go with the other.