[Arlis]

What this “genius” doesn’t understand is that in the short term, austerity hurts, but works in the long term - a place we haven’t gotten to yet.

Even worse, in the short term, “stimulus” works (because the market is being flooded with fiat money) - but it is disastrous in the long term by significanlty de-valuing currency - and in the long term, collapsing the economy.

And we haven’t gotten there yet either.....

The result of Marxist-induced short-term thinking and a culture that wants immediate gratification - as well as avoiding any sacrifice or pain for the long term good.

DUH!

[palmer]

Another way of saying it is that spending can keep the economy going in the short run, but the short run would not matter if people had adequate savings. They don’t because it has been penalized. Investment is what creates long run strength and that has been discouraged by both monetary and fiscal policies. So we are left to creating new lamer bubbles between new crises.

[TabithaBliss]

If ‘stimulus’ worked, we’d have a booming economy after Obama...The WORST economic recovery in 60 years says otherwise!
Nope, sorry. Communist economies never created a middle class. Someone needs to read Thomas Sowell’s book “Basic Economics”.
Untill then, see the following link. “Cutting Government Would Boost The Economy”.
http://reason.com/archives/2013/03/10/cutting-government-would-boost-economy

[rbg81]

What this “genius” doesn’t understand is that in the short term, austerity hurts, but works in the long term - a place we haven’t gotten to yet.Even worse, in the short term, “stimulus” works (because the market is being flooded with fiat money) - but it is disastrous in the long term by significantly de-valuing currency - and in the long term, collapsing the economy.

---

Bingo. Unfortunately, few people seem to think beyond the short term anymore. Almost no one thinks beyond the next election cycle.

[MosesKnows]

Marxist-induced short-term thinking

I discovered a single word to describe the "ocracy" America finds itself in today.

Ineptocracy (in-ep-toc’ra-cy)

A system of government where the least capable to lead are elected by the least capable of producing.

This results in the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

I don't think one can remain free for very long under such a system of governance. What makes it a colossal conundrum is pondering that the people favored this over their Constitution. A sign of spectacular ignorance.