Comments on: Time to end the Keynesian pretense about fiscal stimulus

By: rbblum

rbblum — Sat, 24 Sep 2011 03:12:24 +0000

Knowing and speaking the truth is only the first step in acting upon that truth . . . which WILL set you free.

By: not.progressive

not.progressive — Thu, 22 Sep 2011 03:07:58 +0000

ghostcommander

1) Keynes did not get us out of the great depression. His econonmic model actually prolonged it.
2) Do you understand Keynesian economics at all? It had nothing to do with the space program, NASA, NOAA or anything else. For all of his lameness with “aggregate demand”, at least Keynes expected the government to “pay back” any outlays during a downturn – this has *never* been done.
3) We’ve undergone 40+ years of living beyond our means. Period. Our economy can only take about a 17-18% combined tax rate – yet we spend beyond that (we’re spending 24% now). Blame it on Reagan? Hogwash!

YOU expect too much from government and *I* DO NOT WANT to pay at the required rate for you to get your goodies…

18%…that is all you get

By: DavidM01

DavidM01 — Wed, 21 Sep 2011 17:08:44 +0000

Umm no, the rich have paid plenty in taxes.

In FY2008 the top 50 percent income earners paid 97+ percent of all taxes. And the top 5 percent paid MORE after the vilified Bush tax cuts back in 2002.

This ‘spending to prime the pump’ garbage has been tried so many times ( not just by the US, see Japan in the 90s ) it amazes me people still think it has merit.

Oh yeah, there is still NO proof of AGW. Zero. Stop calling opinions SCIENCE because it isn’t.

By: Biscayne

Biscayne — Wed, 21 Sep 2011 11:21:28 +0000

Blame it all on Keynes and his followers! Amazingly convenient logic. Thirty years of pumping by the Friedmanites and the von Mises economists and you blame Keynes!!!Let’s start by levying the taxes that the rich should have been paying all these years and then let us take a look at the deficit.

By: minipaws

minipaws — Wed, 21 Sep 2011 09:54:19 +0000

Many people in their 60′s and older have worked hard and saved their whole lives. They are too proud to complain, but riduculasly low interest rates and fear of inflation are ruining the last years of their lives. I will never forgive our government or the Fed for what they are doing to these people. Good article.

By: Byanyothername

Byanyothername — Wed, 21 Sep 2011 06:57:54 +0000

@smarcus

Who loaned the money for the real estate bubble? And are those entities public or private? If you want to live in a utopia, I suggest Cuba or Venezuela, where a central planner can act without worry on pressing issues such as global warming and financial catastrophe.

By: smarcus

smarcus — Wed, 21 Sep 2011 04:48:28 +0000

You lost me after “Government intervention is the root cause of the financial crisis and the maladies identified by Roubini.” I think you could use a recent history lesson. This financial crisis was well under way before any government intervention. Also, this financial crisis was in free fall until the government intervened a la Bush, then continued under Obama. Polling a minority opinion of professionals is why we are the only developed country in the world that can not accept global warming.

By: ghostcommander

ghostcommander — Tue, 20 Sep 2011 20:21:11 +0000

Christopher Whalen, Where are your mathematical facts?
Keynesian economics helped the USA win WW II with our allies, helped in building our fantastic Interstate highway system, our magical Space program-NASA/NOAA/NESS, and many more beneficial programs.

Keynesian economics worked until Reagan, Bush Sr., and bush jr. began dismantling it with “deficits don’t matter”–”supply side-trickle down economics”–”excessive tax cuts for the rich and very rich individuals and corporations”–”massive increases in the national debt”–and their narrow minded ideology of totally unregulated capitalism that let the “Housing Fraud Bubble” grow without any restraints. That bubble burst, resulting in the almost financial market collapse and then the Great Recession.

National debt:www.lafn.org/gvdc/Natl_Debt_Chart.h tml

The after effects of the almost financial market collapse is at:
http://www.lasvegassun.com/2011/jul/19/r epublicans-push-country-toward-precipice .

In addition to the info. at the above link there are
millions of home lost to foreclosure, millions more facing foreclosure, and millions of homeowner’s underwater in their homes. http://www.lafn.org/Natl_Debt_Chart.html

By: zotdoc

zotdoc — Tue, 20 Sep 2011 16:25:40 +0000

Thanks for speaking the truth.

By: GLK

GLK — Tue, 20 Sep 2011 12:30:38 +0000

All is going according to plan. America was the hog for too long. The redistribution of America’s jobs, wealth, and resources to the four corners of the world is a humanitarian effort propagated by the 100 or so of the most powerful people in the world. After the world’s economies are forced between a rock and a hard place they will acquiesce to a one-world currency managed by one central bank. Afterward, can a one-world government be far behind? The Elite see this as doing the world a favor. The seeming ruination of America’s established order is simply viewed as (chose your metaphor) the needs of the many outweighing the needs of the few, to make an omelet you have to break a few eggs, or the Robin Hood effect. Naturally America’s middle class are unwilling participants in this game, but emerging middle classes in developing Nations aren’t shedding any tears for the loss of America’s middle class.