On May 11, 2012, at 3:02 PM, Francis Drouillard wrote: > It's not my opinion, you jerk. It's fact based on a study. Try reading and > comprehending the article before quoting that hateful left-wing shill from > the NTY.
That's nobel-prize-winning, consistently and historically correct hateful left-wing shill from the NYT to you, bubba. When your pet economists can apply their theories to current data and get current results, then we can start talking, until then you're just throwing shit up to see what sticks. Austerity is NOT increasing growth in any of the European countries where it's been tried. IT ISN'T WORKING. All it's done is to create massive unemployment and unrest in the countries where it's being tried. In England, THIS is the Great Depression, it has been a longer and deeper depressiong than the one in the 30's. In Greece, THEY JUST ELECTED actual Nazis to the parliament. Ireland had nearly no national debt and a very low government spending to GDP ratio before the crash. Upon the crash the Irish government and foreign private bondholders decided that it was necessary for the Irish taxpayers to cover the losses to private bond holders. Spain had nearly no national debt and a low government to GDP ratio before the crash. Upon the crash the Spanish Government and foreign private bondholders decided that it was necessary for the Spanish taxpayers to cover the losses to private bondholders. Iceland had nearly no national debt and a low government to GDP ratio before the crash. Upon the crash the Icelandic government told foreign private bondholders to go pound sand and arrested the Icelandic bankers responsible for their messes. They devalued the Icelandic Krona until their exports were competitive and while that internal devaluation was a hard, hard thing to do, today Iceland's GDP is growing again. Sweden didn't have this problem because they own their fucking banks. If their bankers decided to get frisky with risky investment strategies and overleverage themselves they got fired, and the government stepped in and ran things correctly. This is how Sweden recovered from their own banking crisis some years back; they provided a good guide for how the US could have responded to the banking crisis, but since economic policy in this country is governed by the blind ideology of the Freshwater economists, we didn't have a chance. Keynesian economics works, it's based in functional models that can be applied to historical data, and we know, for a fact and almost on a straight line that countries recovered from the Great Depression in the 30's in direct correlation to the time they started adopting keynesian policies. Don't go spouting blind ideology that is easily refuted with real-world data, it merely makes you look stupid. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
