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What does the Wisconsin recall tell us?
#44
TheRealVille Wrote:I'm sorry you are to dumb to see the play on the words stimulus and ARRA. Any stimulus money Obama spent in 09 was from Bush's budget in 08.


Still having trouble wrapping your head around this budget business? You need to go back and research what you're saying a little bit. Obama was proud as a peacock to both conceive, and ram through the democratically held House and Senate HIS version of the stimulus. Heck, he was on TV about it non-stop for months. Want to know why? Because he's convinced Keynesian Economics work. And, he was sure the action would forever cement him in the anals of presidential greatness. See if this Wiki article sounds at all familiar to you; "Advocates of Keynesian economics argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, particularly monetary policy actions by the central bank (federal reserve) and fiscal policy actions by the government to stabilize output over the business cycle. The theories forming the basis of Keynesian economics were first presented in The General Theory of Employment, Interest and Money, published in 1936. The interpretations of Keynes are contentious and several schools of thought claim his legacy.

Keynesian economics advocates a mixed economy — predominantly private sector, but with a significant role of government and public sector — and served as the economic model during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the tax surcharge in 1968 and the stagflation of the 1970s. The advent of the global financial crisis in 2008 has caused a resurgence in Keynesian thought.
END EXCERPT---

A very brief perusal through the historical record of the late 30's and 40's reveals the abject failure of this school of thought. The financial policies of the FDR era did little more than help the US tread water for the duration of the Keynesian based 'experiment'. I do believe the optimism of president Roosevelt inspired Americans during those dark days of war and depression to believe in their country, however. As stated before, WWII awakened the great American industrial machine, and America embarked on a period of prosperity the like of which is very likely to never be seen again.

In Obama's mind, he was going to ride in on his white charger and deliver the foundering US economy with his stimulus package, the sky would be full of ticker tape and his ears would be filled with the cries cheering masses lauding his coming. Didn't quite turn out that way. This is why his staunch allies keep saying the stimulus wasn't big enough. In their minds, they can't have been wrong, even though history's verdict on the tried and failed Keynesian economic record of our past clearly demonstrates. Novices and ideologues should never find their way into high office. The ramifications of such foolhearty choices in leadership are our national decline and possibly the collapse of our great, if fading, nation. Evidenced by the fact that the Obama administration is still pushing for yet another stimulus. They'll never learn, admit their failures or give up. The only option we have is to vote them out.
[SIGPIC][/SIGPIC]
Messages In This Thread
What does the Wisconsin recall tell us? - by nky - 06-05-2012, 01:50 PM
What does the Wisconsin recall tell us? - by LWC - 06-06-2012, 12:51 PM
What does the Wisconsin recall tell us? - by nky - 06-06-2012, 03:20 PM
What does the Wisconsin recall tell us? - by nky - 06-06-2012, 03:21 PM
What does the Wisconsin recall tell us? - by nky - 06-06-2012, 11:42 PM
What does the Wisconsin recall tell us? - by nky - 06-06-2012, 11:53 PM
What does the Wisconsin recall tell us? - by TheRealThing - 06-07-2012, 01:49 AM

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