At what point does an Administration who loudly pledged to really bring a scientific mindset to policy making wake up and realize it is in the throes of unscientific dogma? At what point do the media, politicians, and the left-liberals stop acting like the religious fundamentalists they rightly excoriate and decide that there is no evidence for their position? And at what point do they stop the psychological projection of calling free marketeers "dogmatists?"
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9 comments:
There is ample evidence that the stimulus did in fact work, in that it stimulated the economy enough to avoid a major depression. Paul Krugman and others warned all along that it wasn't big enough and too weighted toward tax cuts. The so-called free-marketeers want to cut taxes for the rich -- again -- and deregulate, all the things that didn't work last time and got us into this mess.
Yes gary. We've all heard Krugmans argument. He's wrong and more importantly your statement is incorrect. We didn't deregulate and we didn't cut taxes for the rich. The "Bush tax cuts" were across the board and there was not deregulation. On top of that he and the RINO congress increased spending more than any other administration in history (until Obama). Add to that the housing blow up that was CAUSED by over regulation and you get a recession.
Once again Keynes was wrong. His theories have never worked in the entire history of man kind and they never will work.
http://hotair.com/archives/2011/08/15/krugman-you-know-what-this-economy-needs-a-space-alien-invasion/
seriously? Nobel prize?
what a fucking idiot.
I know, lets follow the advice of the guy who thinks a phony space invasion is the key to economic prosperity.
or maybe not.... I wish I had access to him so i could make fun of him in person. what a clown.
The best part is when the others kind of questioned his space alien invasion theory, he defended it by saying it was on an episode of the Twilight Zone.
Republicans always deregulate, either de jure or de facto. If they can't change the laws and regulations, they appoint industry representatives to all the boards and agencies. The result is predictable. Now I have to go read the Krugman column
Krugman is talking about the one type of Keynesianism that conservatives always support: military Keynesianism. Military spending got us out of the Depression, which I don't think even you dispute, and probably had the effect of stimulating the economy during the massive military build-up of the Reagan years. Reagan, by the way, used to talk about a space alien invasion all the time.
gary all the keynesians talk about the WWII spending. It's their only "evidence" that government spending has ever worked. It's their only data point. Thats it!
However during the war and all that spending to fight it the entire country was living in austerity.
Clearly if government spending was the key to prosperity then we never would have been in a recession to begin with because Bush spent like a drunken sailor and Obama has dwarfed his spending and yet we're worse off than we were when Obama took office.
The problem with you and Krugman is that you're soft. The car companies should have gone bankrupt and reorganized or went under. Same for the big banks and mortgage lenders. Fannie mae should never have gotten so huge. It was all a scam. If you bought a house you couldn't afford you shouldn't get bailed out. If you picked a new mercedes over health insurance then got sick? tough shit you're on the hook. We're taking your mercedes and your house.
That's how people learn.
The banks are probably the only somewhat innocent victims because they were forced by government regulations to give out these risky loans, however I say somewhat because they probably didn't fight it too much since they were making a killing on these bullshit mortgages.
I know Bush is out of office, but is Gary aware we are in midst of three wars.
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