Are all those who oppose Obama just ignorant of Keynesian economics?

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Obama may have done a poor job of explaining what he is doing with all this spending.

How did the depression happen? Hoover and his Treasury secretary Mellon did nothing and said "the market will take care of itself"

When you let the market take care of itself, asset depreciation and economic activity becomes like a truck with broken brakes accelerating down a mountain.

What Keynesian economics does is put some emergency brakes on the economic truck so it doesn't go crashing off a cliff.

These "brakes" are cash, no matter where it comes from .

Once you get the truck to stop, you can then think about getting it to a repair shop.

Right now we have to get this runaway truck to stop. So please, do some homework and put your energy towards more positive outcomes.

This process requires patience and understanding.
 
Anytime fixing the problem goes against our Constitution it is a bad idea...what good will it be to save of economy but lose ourselves....That's like telling the Thousands that died for our freedom Thanks but No Thanks
 
No doubt about that - but there is much, much more about which they are ignorant.

Blame gurus of darkness such as Rupert Murdoch.
 
It is a lie to say that Keysian economics has never worked.

In the long run, it's presumable that the economy could fix itself.
The first thing my first-year macro prof taught me was that "in the long run, we are all dead". Who is to say how long it would take for the economy to fix itself? We could be talking a long time.

Keep in mind that I am not in favor of the way these bailouts have been handed out - it seems a bit ridiculous to me.

But to say that Keynesian economics have never worked is totally ignorant and false.
 
Keynes equation

Government Spending + Investment + Consumer Spending + Net Exports=GDP

conservatives say: "Great Depression was prolonged by Keynsian economics. Right wing radio said so. The only thing to get us out was WWII."

I say:
"FDR's policy followed Keynes all except one year.. the one year unemployment increased. The books that they are getting this prolonged depression from do not take into account government employment. I would also like to cite that war spending IS GOVERNMENT SPENDING."

There are plenty of valid criticisms to Keynsian economics. Too bad the cons can't do a simple reading of a History of Economic Thought book to figure them out.
 
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