[IbJensen]

The corrupt DemocRATs know as much about sound economics as a pig knows about applying lipstick and going to church.

[saganite]

Given what Bush said yesterday about the market I would say that your statement applies to Republicans as well. Capitalism may very well be dead.

[wintertime]

Yes, I can understand how Hoover and Roosevelt policies caused the Great Depression, but I don't understand why it ended. I would think the spending needed to support WWII, and especially the redirection of a **huge** amount of manpower away from the creation of wealth, would have made a bad situation even worse.

When the soldiers came home many of the same policies of Roosevelt were still in place but yet the economy recovered.

Perhaps a Freeper could explain the recovery from the Great Depression to me.

[o_zarkman44]

So far the only difference between Kenyan economics and American economics is...in Kenya, neighboring villages fight over who owns the river. In America, neighboring towns build bridges to cross the river.

But Democrats are embracing the concept of owning America and controlling who crosses the bridges. yup, sounds like Keynan politics. Everything but the looting and pillaging of the neighbors.......OOPS, the Rats have raided and pillaged the national treasury without a shot being fired.
Not quite Kenya yet, but getting close.

[Le Chien Rouge]

I absolutely believe that many of our great ‘progressive’ friends in the Democrat party suffer from some sort of mental or emotional depression and one of the few things that they find conforting is creating an economic depression so everyone can be miserable.
I have seen and overheard certain known liberals in my city,become giddy whenever economic bad news is announced!!!

[ari-freedom]

the expansions of FDR and LBJ were still within the gold standard, which Nixon broke. Clinton was about balancing the budget and he refuted the keynesians even more than Reagan, since they could still point to his large deficits as ‘stimulus.’ Carter had deficits but he was very austere (I don’t think that the separation of the Dept of Ed from the Dept of HEW was equivalent to a new New Deal).

This will be the first New Deal that is completely unrestrained.

[mosaicwolf]

This will work if we had term limits on our elected officials. Since we are on a two year cycle and these politicians (Read: Criminal Class) pander for votes, the printing of $$$ will continue until it collapses by its own weight.

[rollo tomasi]

This can’t be true, famed columnist/Author, Yale graduate, Ph. D. from MIT and Nobel Prize winner Paul Krugman says otherwise.

[sport]

Your headline is spot on.Tgat way they can remain in power for ever and the slaves will continue love and worship them.

[G.Mason]

Oh please!

Why is it that difficult to understand the elements necessary to gain & hold on to power?

These people know exactly what they are doing & why.

It is the the electorate who haven't a clue as to the load they will be forced to carry for the "entitlements" they demand.

[Hardastarboard]

I’d rather have the pig than the DemocRat. You can eat a pig.

[brydic1]

On CNBC this morning John Bollinger (and he is a very conservative fund manager and also politically conservative) picked John Meynard Keynes as the man of the year. He said the whole world is following his precepts. While he is not certain that this prescription will work there is no doubt that we are using that philosophy to the fullest. Abby J Cohen, of Goldman Sachs, predictably was full of praise for the Keynsian remedies and was enthused about what Benanke and Paulson have wrought and is even more enthusiastic about what the Obama team will continue to do in 2009. She sees a tough first half of 2009 but a righting of the economy in the second half. The PIMCO exec agreed with her and is very encouraged by the massive spending efforts of this administration and the next to come, same for Bob Doll of another big investment fund.

Our government has been subsumed by the Wall Street big government proponents whether of the GOP or the Democrat variety. Remember these are the people that gave us this economic nightmare from both Wall Street and Washington DC. We should all have faith that these people that created this nightmare are now going to solve our problems by using the same massive spending and credit creation programs that created the nightmare. Maybe some have faith that following the remedies of socialist Keynes will right this economy, I do not.

[EBH]

You know I've been reading lots of this stuff and I willing admit that I don't understand how the failure, in one sector, has created such a dangerous ground swell to what should have been a fairly stable system. The global system ‘should have’ been able to absorb a certain amount of sector ups & downs. Even our own economy should have been able to withstand a few body blows.

As I have attempted to research the situation, for my own peace of mind, really not anyone else's some things have come to light that really sort of surprised me.

Iran leads attack against U.S. dollar. by Jerome R. Corsi.
http://www.globalresearch.ca/index.php?context=viewArticle&code=COR20070412&articleId=5370

The Federal Attack on the Dollar by Jacob G. Hornberger
http://search.yahoo.com/bin/search?fr=ybr_sbc&p=attack%20on%20the%20dollar

The dollar is under attack
http://www.tldm.org/News11/DollarUnderAttack.htm

Citi Finds Helping Hand
http://www.thestreet.com/s/citi-finds-helping-hand/newsanalysis/banking/10391719.html

And if one does a search for who invested in the other failed investment banks between 2007 and early 2008, one might be surprised.

Conspiracy theory stuff? Maybe, but the more I look the more it seems the perfect storm was not crafted by our politicians, but by the outside exploitation of the capitalist system. The resulting domino effect we are experiencing comes from the ‘trust’ exchanged between what would normally be producers. The other half of this is our government has no idea how to respond to the financial attack. Bush nor 0bama. We don't seem to be able to pull out of the global system, nor would that seem to be the correct action to take. Yet, we as conservative Americans realize taking care of the 'homefront' right now is the most important thing we can do individually. The liberals still want to take care of everybody else, instead of calling on every American to get their private house in order. You see on the very basic level, it is the individual American, who will defeat this financial terrorist attack. The problem is less than 25% of America realizes it.

[mek1959]

Ping

[Blood of Tyrants]

They know much more than you give them credit for. You see, ‘Rats NEED emergencies and hardships and fear so they can expand their power over people’s lives. It is Bush who is the idiot for going along with them on the insane $700 billion bailout of firms that deserved to fail.

[SkyPilot]

[SolidWood]

Keynesian Policies

I thought the birth certificate issue has been settled?/sarc

[antisocial]

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