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4 Bumps

Do you agree with this article? Keynesian Economics not good for US?

Please, Mr. President, you and your economic team of born-again Keynesian central planners have had your chance.

Remember having to fire Christina Romer, among others, for forecasting your $800 billion stimulus bill would keep the jobless rate below 8%? Now, private economists are forecasting a 10% rate for next year. For the first time, the U.S. is facing Euro-style structural unemployment. This is no time to be raising taxes.

Yet, in a sign that ideology still trumps reality, Romer’s replacement carries on the discredited tax-and-spend torch. …

An unrepentant Obama insists the lopsided election was a referendum on the economy and not a repudiation of his policies. He says voters were “not thinking clearly” when they voted for change. Who’s not thinking clearly, Mr. President?

Answer Question

Asked by grlygrlz2 at 2:14 PM on Dec. 6, 2010 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (8)
  • Excellent. I don't even have to read it to know they aren't

    Answer by itsmesteph11 at 2:26 PM on Dec. 6, 2010

  • Well capitalism isn't working out too well either...

    Answer by UpSheRises at 2:29 PM on Dec. 6, 2010

  • lol....that's right. but how can anyone fix the last 25-30 years of bad decisions?

    Answer by kerp1960 at 2:32 PM on Dec. 6, 2010

  • True capitalism hasn't had it's say. The government keeps interfering to make things "better." The more they interfere, the worse it gets.

    Answer by lovinangels at 2:34 PM on Dec. 6, 2010

  • Where is my free cellphone?

    I want to be ready when the Dims call and tell me how to vote next time.

    Air America went down the crapper because for fifteen different reasons, the people didn't listen.

    So now, they're hooked up with perpetually free phone service.

    Obama on da line.........................


    Answer by mustbeGRACE at 4:17 PM on Dec. 6, 2010

  • It is called spin and PBO is the spin master!

    Answer by jesse123456 at 4:19 PM on Dec. 6, 2010

  • Taking bets on how many pages before someone answers that he was born in the US, not Kenya...

    Answer by NotPanicking at 5:16 PM on Dec. 6, 2010

  • Just read Keynes' General Theory and you will realise that the US economic policy is not running on the Keynsian model .As for Europe, the UK is non-Keynsian at present whereas the Irish are using IMF money to repay speculators and to hell with their own people. And Keynes was not anti-capitalist , on the contrary. He was very, very critical of unsuccessful economic policies of governments during the 1920s-30s which in some cases are being repeated today .

    Answer by janet116 at 7:06 PM on Dec. 6, 2010

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