[Recovering_Democrat]

I don't understand all of this, but I do understand that only idiots can't learn from history. We need to stop the damn spending.

[Uri’el-2012]

Keynesianism has failed every time it is tried.

[hc87]

“Fear the Boom and the Bust”, Austrian School v. Keynesianism in a nutshell.

http://www.youtube.com/watch?v=d0nERTFo-Sk

[RayChuang88]

What frustrates me to no end is that if Obama had overhauled the income tax system back in the spring of 2009 so it has lower compliance costs and encourages savings and investment, our economy would be BOOMING right now, thanks to bringing back a large majority of that US$14 TRILLION in American-owned liquid assets now sitting in foreign banks for tax avoidance reasons. The result would have been a "private bailout" that would have made Obama's stimulus plans look like a minor event in comparison, and it would NOT required a huge amount of deficit spending to pull it off!

[paul51]

This is all due to the one thing that Bush, Obama, the Republicans, the Democrats, and every existing major media mogul agrees was the right thing to do: correct market trends, stabilize and then stimulate the macroeconomy. One word: fail.

Correct. Yet we keep doubling down and going all in on the same stupid bet. That fail will just become a FAIL

[JimSEA]

Keynes is easy once you understand the government become the dominant player in the economy. Are politicians ever going to give up such power? Not likely.

[Windflier]

Whatever happened to “The Summer of Recovery”? Did the Tea Party conspire with Sarah Palin to muck it up?

Dastardly....

[rbg81]

Good read. Except the problem is that the people on the “Losing Team” are in charge. The MSM paints them as the “Wise Adults in the Room”. So, expect the status quo to continue for the indefinite future. Actually, I’m very pessimistic. I think you need a full blown revolution to purge this thinking from the System once and for all.

[Moonman62]

This is all due to the one thing that Bush, Obama, the Republicans, the Democrats, and every existing major media mogul agrees was the right thing to do: correct market trends, stabilize and then stimulate the macroeconomy. One word: fail.

They may be right about the above, but that doesn't mean their own economic theory is desirable.

[_a_0_0_]

This is all due to the one thing that Bush, Obama, the Republicans, the Democrats, and every existing major media mogul agrees was the right thing to do: correct market trends, stabilize and then stimulate the macroeconomy. One word: fail.

No, I don't think "this is all due" to that.

The policies followed in 2008, if seen through by a market-defending administration, might indeed have had a radically different outcome than the same policies in the hands of marxists, as they are now.

The current administration is anti-business, anti-American, anti-prosperity, anti-good, essentially, and pro-death. To mention Bush and Obama in the same sentence in this context is an egregious lapse that casts doubt upon the entire thesis.

[july4thfreedomfoundation]

The author says we are “back in recession.”

Huh? At the tail end of Bush’s second term, we were in a recession. Obama came along and turned a recession into a full-blown depression. And it’s been steadily getting worse because of Obama and his cohorts.

[EyeGuy]

“I don’t understand all of this...”

####

“Economics in One Lesson” by Henry Hazlitt will help you.

The one lesson is simply that ALL parties to an economic policy or transaction need to be considered. Hazlitt expounds on that fundamental principle concisely and elegantly throughout the rest of his short, easy to read book.

In practical terms, nearly ALL government fiscal policy is dmagaing in that it simply steals from one area of the economy to benefit another.

Economics without the obfuscation and criminal game-playing is really quite simple.

[justa-hairyape]

So how long will it take these maroons to realize that raising the debt ceiling is destroying the economy, thus apparently requiring more raising of the debt ceiling.

To infinity and beyond, indeed !

[politicianslie]

We need to stop the damn spending.

If you wanted to DESTROY the United States, you'd want it to spend itself into poverty. With an investment of a few $hundred million and you wouldn't have to pay all of that yourself, the whole house of cards can be brought down that Jimmy Carter and the Dems started decades ago.

Who is Obama, the guy who spends $Trillions? You really don't know anything about him but what you are told. No grades from college, no friends that remember him in college, virtually nothing.

So why is Obama spending when the country can't afford it (and never could afford these kinds of figures). You won't believe me if I tell you exactly who this guy is.

You'll get another hint when on September 20 Obama does not veto the UN efforts to make Israel withdraw to pre-1967 borders. Israel will be undefendable with 1967 borders. Why would Obama support this?

Why would Obama want to give Egypt US Tanks?

Why would Obama support the Muslim Brotherhood in Egypt?

Why would Obama secretly meet with the Muslim Brotherhood who have sworn they will destroy Israel?

Why is Obama using US military to illegally attack Libya?

How many more "HINTS" does Obama have to give you before you figure out who he is?