At least the 1930's ideas worked once. Can't say the same about Reaganomics.
I'm really not an economics wiz. Not my field at all. I have studied the basics of macroeconomics, I understand business on a reasonably practical basis through time in the industry, I don't really get finance and markets/futures to be honest. But I can say for certain that I have a decent understanding of failure and success, an understanding of history and data and analysis, and the trickle down "tax cuts for everyone!" theory of governing is even stupider than Marixsm. No two situations are ever exactly alike and details can make a big difference in how situations come out. But Keynsenian economic theories have worked in times of recession in a bunch of countries over long periods of time. A guarantee that they will work in any particular situation? No. There are no guarantees in economics and there are no steadfast rules in Keynsenian economics that says "this is the exact road to recovery". None the less, the model has had a far better history of success than any competing model. You may not like it but that's ok. It's a republic and the people that thought it was a good idea voted in folks that tend to support it. Now'll we'll see how it turns out. And for all our sakes, I hope it is better than your dyspeptic view of the national situation. Judah On Fri, Feb 13, 2009 at 11:07 PM, Robert Munn <[email protected]> wrote: > > People voted for change and they are getting retread Clinton flunkies and > 1930's economic wisdom that no longer applies to this country. > > On Fri, Feb 13, 2009 at 8:35 PM, Judah M wrote: > >> The ideas >> were offered up and defeated because...wait for it....the electorate >> overwhelmingly voted for people that don't follow the same retread >> ideas. Elections have consequences. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288434 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
