John Maynard Keynes To The Rescue!
- Thread starter AnyOldIron
- Start date
Sammy Jankis
Was it me?
Can't answer a simple question, can ya? sad.
Sammy Jankis
Was it me?
economics is the manipulation of language and minds to support fascist central planner totalitarian policies.
FUCK THE POLICE
911 EVERY DAY
His question has nothing to do with the debate. It is unworthy of an answer.
KingCondanomation
New member
This is a common falsity, Hoover almost doubled federal outlays from 3.6 billion to 6.5 billion
http://www.presidency.ucsb.edu/data/budget.php
He cut next to shit and increased spending massively, he was the original New Dealer.
In fact, Hoover’s incessant meddling with the economy made the situation worse. He managed to turn the recession in 1929 into the Great Depression. While the economic picture was poor in 1929 and 1930, it was only in 1931, after a year of government intervention, that the situation seriously deteriorated.
Hoover also vastly increased spending on public works projects. More money was spent on such projects in four years than in the previous thirty.... Hoover’s Reconstruction Finance Corporation (RFC) supplied failing businesses, mainly railroads and banks, with emergency low-interest loans. By the latter half of 1932 the RFC was no longer simply bailing out businesses in trouble but was also lending money to the states for unemployment relief to fund public works projects.
The president’s attempts to prop up failing businesses were of dubious effect. “The businesses he hoped to save,” writes one historian, “either went bankrupt in the end, after fearful agonies, or were burdened throughout the 1930s by a crushing load of debt.”
Looking back upon his tenure, Hoover congratulated himself for his bold action. “We might have done nothing,” the president said in 1932. “That would have been utter ruin. Instead, we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic.”
and if you still can't believe it, take his word for it:
“We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started.” - Rexford Tugwell, New Deal Architect
You know, that underlined part sounds awful familiar don't it?
KingCondanomation
New member
Even if Keynesian economics DID work, on a practical level it is dangerous and unrealistic because it relies on government cutting spending back to normal levels once things are going better. If you can guess how many times that's happened...
Moreover it ignores that government spending creates dependence especially social welfare spending, and it creates intrenched special interests who will fight to keep that money.
Moreover it ignores that government spending creates dependence especially social welfare spending, and it creates intrenched special interests who will fight to keep that money.
FUCK THE POLICE
911 EVERY DAY
It often did in the days before conservatives adopted the "strangle the beast" strategy so that they wouldn't have to deal with cutting the government themselves.
DamnYankee
Loyal to the end
What is your point?
Sammy Jankis
Was it me?
Of course it has to do with the debate. silly rabbit.
DamnYankee
Loyal to the end
Capitalist is prone to cycles due to over-speculation, causing market correction. Left alone, these recessionary periods recover relatively quickly, usually in a period of months. Liberals see these as an opportunity to advance their agenda, lengthening the recovery period to several years if not a decade or more.
We saw this with FDR and the New Deal, which lengthened the 1930's depression by about seven years. It took much of the UK's cash, given to us in return for tools of war, to start our recovery.
Under Obama's Hope and Change, we may never recover.
Sammy Jankis
Was it me?
desh, don't be dense.
What allows these bubbles to form is the foreknowledge that government will step in and bail out the irresponsible. don't just blame corporations, blame the fascistic collusion between state and industry.
What allows these bubbles to form is the foreknowledge that government will step in and bail out the irresponsible. don't just blame corporations, blame the fascistic collusion between state and industry.
evince
Truthmatters
[ame="http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States"]List of recessions in the United States - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:1857_panic.PNG" class="image"><img alt="A crowd of several tens of men tries to enter the building through a narrow door. The men wear top hats. At the foreground a small boy sells newspapers." src="http://upload.wikimedia.org/wikipedia/commons/thumb/0/0d/1857_panic.PNG/300px-1857_panic.PNG"@@AMEPARAM@@commons/thumb/0/0d/1857_panic.PNG/300px-1857_panic.PNG[/ame]
Here is the historical list of all US recessions.
Now go look at them and study the patterns seen.
I know you wont but other people who are not so TIED to their failed ideas might.
You will realise we had a cycle of boom and bust the happened every few years. These times made it very hard for the regular Joe to build and secure their futures. The wealthy on the other hand could make money on the up side and the down side.
The population got fucked mostly and eeked along.
After the GD Glass steagal was put in place and all of the sudden we had a middle class that emerged at steady pace and the recessions were futher apart and shallower.
The facts are there and you have to shimmy, shake, tip toe, rewrite history, deny facts, go blind, hold your breath and stomp your little feet to keep from seeing reality.
It makes your life miserable, why not just give up on the failed ideas and think of soemthing that you wont have to shimmy, shake, tip toe, rewrite history, deny facts, go blind, hold your breath and stomp your little feet to defend.
GET SOME NEW IDEAS THAT ARE NOT PROVEN FAILURES!
Here is the historical list of all US recessions.
Now go look at them and study the patterns seen.
I know you wont but other people who are not so TIED to their failed ideas might.
You will realise we had a cycle of boom and bust the happened every few years. These times made it very hard for the regular Joe to build and secure their futures. The wealthy on the other hand could make money on the up side and the down side.
The population got fucked mostly and eeked along.
After the GD Glass steagal was put in place and all of the sudden we had a middle class that emerged at steady pace and the recessions were futher apart and shallower.
The facts are there and you have to shimmy, shake, tip toe, rewrite history, deny facts, go blind, hold your breath and stomp your little feet to keep from seeing reality.
It makes your life miserable, why not just give up on the failed ideas and think of soemthing that you wont have to shimmy, shake, tip toe, rewrite history, deny facts, go blind, hold your breath and stomp your little feet to defend.
GET SOME NEW IDEAS THAT ARE NOT PROVEN FAILURES!
Sammy Jankis
Was it me?
So obama will reinstate glass-stegall then?
Sammy Jankis
Was it me?
keynesianism = fascism. You suck at thinking.
Sammy Jankis
Was it me?
Your blind trust of obama style fascism is repugnant. You're dumber than a rock.
Sammy Jankis
Was it me?
I thought you watched dylan ratigan desh? did you stop?