in all the local grocery stores there are recall warnings in the section where eggs are sold.
egg cartons are open and eggs are smashed all over.
yet the eggs are still on the shelf - with the warnings attached.
so now if you want eggs that are not “polluted”, you pay $4 - 5.00 a carton.
i can live w/o eggs for awhile…
Reporter: But we spent trillions to stimulate the economy. And somehow it hasn’t worked. Our grandchildren will pay the debt for our folly. Is there a solution?
Obama/Krugman/Keynes I know, I know. Spend more. Tax more, spend more. Bankrupt our great grandchildren also. Eventually the economy will turn around, it always does.
I should get a second Nobel, I am so brilliant.
“Eventually the economy will turn around, it always does. ”
Ironically, the economy turned around the most after a period of intense taxation, government expenditure and deficits - WWII .
Keynesianism may have some drawbacks, but I think your mantra might have a few skeletons in its own closet, Libertarian. Such as the part of the debt accrued (in absolute terms and in interests to) presidents who thought low taxes are a panacea and smaller government the best thing since sliced bread.
1 - We already have one. I can’t help but think it was the government activity that helped resolve the crisis - unless you have a good reason why spending all that amount on planes and bombs is inherently more productive than spending it on trains and roads.
2) Reagan and Bush, to be exact. Kennedy did reduce taxes somewhat, but his cut had much less of an impact.
Church - Depression of 1920, you say. Did you expect that the return of so many men in the workforce would be totally without an impact on the economy, or that this impact would last forever? Between the Fed correcting its policy, and the businesses changing gear from military to civilian production, I’d say government expenditures were far from the only (or possibly main) reason why it ended. Actually, the larger tax rate decreases happened after 1923, when the economy was already recovering.
WarBush over 13 years ago
Just ask the previous administration:
http://tinyurl.com/24pgvrt
WarBush over 13 years ago
<======I sold the American people a lame bill of goods.
myming over 13 years ago
in all the local grocery stores there are recall warnings in the section where eggs are sold. egg cartons are open and eggs are smashed all over.
yet the eggs are still on the shelf - with the warnings attached. so now if you want eggs that are not “polluted”, you pay $4 - 5.00 a carton. i can live w/o eggs for awhile…
Libertarian1 over 13 years ago
Reporter: But we spent trillions to stimulate the economy. And somehow it hasn’t worked. Our grandchildren will pay the debt for our folly. Is there a solution?
Obama/Krugman/Keynes I know, I know. Spend more. Tax more, spend more. Bankrupt our great grandchildren also. Eventually the economy will turn around, it always does. I should get a second Nobel, I am so brilliant.
4uk4ata over 13 years ago
“Eventually the economy will turn around, it always does. ”
Ironically, the economy turned around the most after a period of intense taxation, government expenditure and deficits - WWII .
Keynesianism may have some drawbacks, but I think your mantra might have a few skeletons in its own closet, Libertarian. Such as the part of the debt accrued (in absolute terms and in interests to) presidents who thought low taxes are a panacea and smaller government the best thing since sliced bread.
Libertarian1 over 13 years ago
4uk
“Ironically, the economy turned around the most after a period of intense taxation, government expenditure and deficits - WWII . ”
Are you proposing we should start another war?
Please be more specific re your second sentence.
Bush? Kennedy? Reagan?
4uk4ata over 13 years ago
@ Libertarian:
1 - We already have one. I can’t help but think it was the government activity that helped resolve the crisis - unless you have a good reason why spending all that amount on planes and bombs is inherently more productive than spending it on trains and roads.
2) Reagan and Bush, to be exact. Kennedy did reduce taxes somewhat, but his cut had much less of an impact.
Church - Depression of 1920, you say. Did you expect that the return of so many men in the workforce would be totally without an impact on the economy, or that this impact would last forever? Between the Fed correcting its policy, and the businesses changing gear from military to civilian production, I’d say government expenditures were far from the only (or possibly main) reason why it ended. Actually, the larger tax rate decreases happened after 1923, when the economy was already recovering.
Libertarian1 over 13 years ago
^ So, if we already have the war with huge increased spending, why has unemployment skyrocketed? Doesn’t that go against your theory?
Reagan specifically planned to dramatically increase debt and deficit. It was not an accident. He had a long range goal and achieved what he wanted
bush was just incompetent.