| Takeda Shingen |
10-27-12 10:57 AM |
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Originally Posted by Bubblehead1980
(Post 1953292)
Yes, and the half that believe that allow their ideological views to skew their objectivity.
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Sounds like someone else I know.
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How can anyone honestly say keynesian policies have worked? I will be kind and say maybe they stopped the bleeding(actually think the economy bled out as much as it was going to personally, what goes down must come up kind of thing)but his policies have not promoted real growth especially for the cost, 6+ trillion in debt.FDR's policies were keynesian, they did not work for what was spent , WW II and the wartime economy pulled us from the depression, without it, things would have remained not so great, to put it lightly.One could argue it stopped the bleeding but again the economy of the 20's had bottomed out fully, what goes down must come up, but it can only go so far unless proper policies are in place to promote growth and FDR's did not.Unemployment was 14.6% in 1940, no doubt real unemployment was higher as it was today, after years of the so called new deal policies, 1942 it was at 4.8% once wartime economy was kicking in and in 1944 it was 1.8% as wartime economy was running at full steam.
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The crash of 1929 was not a simple case of 'what goes up must come down'. It was the irresponsibility of investors in the so-called speculative boom that precipitated this fall. Sorry, but it was the private sector that drove America off the fiscal cliff. It was government that enacted to end the sort of speculative deals that made the crash possible. While government is ceratinly not always the answer, this sort of ruins your narrative, no?
http://data.bls.gov/timeseries/LNU04...ds=Annual+Data
The problem with your assumption about the wartime economy is that in 1950 the unemployment rate was 5.3%, down from 5.9% the year before. With the war industry jobs long gone, the Keynsian mesures still in place, and some 10 million Americans looking to get back into the labor force ( http://www.sss.gov/induct.htm), one would have expected the rates to return to their pre-war state. It didn't happen. Maybe there is something to that Keynes stuff after all?
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Move forward to 2009, really is ignorant of reality to think a 16 trillion dollar economy can be sufficiently stimulated by "stimulus" and bad loans to solyndra, nationalizing industry etc, even in the wild amounts that were spent on stimulus, just not going to help things. Creating an environment friendly to business and investors is what works, more jobs, more pay, more tax revenue comes in, more consumer spending, stronger economy.Really is so simple, only those with an agenda other than a strong economy can honestly promote policies such as those of obama.
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That auto bailout put the industry back on it's feet. Like it or not, it worked.
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Come January thanks to tax hikes such as capital gains going from 15% to 20%(plus 3.8% new tax from obamacare totaling 23.8%) and no longer taxing qualified dividends at the lower rate of long term capital gains with other tax hikes affecting everyone from the investor class to middle class to retirees totaling 494 BILLION, thinks are about to tank again.Reasonable tax increases(not income if possible) would be okay if the economy were strong, it could handle it, could use it to get us to a balanced budget and eventually get debt under 100% of GDP again, as a long term goal.Bottom line is, keynes policies have never really worked, the evidence is there, remove ideology and just looks at what has worked and what has not.For those who forgot, the past four years have taught us what does not work.Assuming Romney wins, the next four should remind everyone what works.
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Now we're not even talking about Keynes anymore. What about Keynes? Looks like Keynes stopped the bleeding again. Seems thematic.
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To the snarky "oh he must have just discovered keynes), I have known this for years, it was an economics class that actually turned me away from democrats the most as their economic policies of over tax the business/investor and big government spending, attempted manipulation of the economy etc just does not work.I found the card amusing and posted it.
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Well, we've got a young college guy who thinks he knows everything, never mentions Keynes and then suddenly is posting about Keynes all over the forum. You do the math.
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Originally Posted by Sailor Steve
You don't know anything either.You're just another stupid liberal college professor, why should we listen to you.
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Gah, no!!! The truth of conservatism. It burns! Hisssssssss........ |
