On Thu, Nov 7, 2013 at 9:50 AM, <spudboy...@aol.com> wrote: > Fur sure, that was the truth. Now we got's shale gas, which seems to pay a > lot better, is safer to go after, and is cleaner, carbon-wise. Unless you > are buying into technological unemployment (robots, software) then we have > to face the fact. BHO's Keynesian way has fallen on its ass and has stayed > down, like a fighter throwing a fight, after a payoff. >
I've read Keynesians like Paul Krugman say that the level of stimulus was actually not enough by Keynesian standards (and too much went to tax cuts), but certainly the US economy with its level of stimulus did much better than most of the states that more thoroughly rejected Keynesianism and instead chose austerity in the midst of a recession, like the UK...see various graphs at http://graphsagainstausterity.tumblr.com/ (click on any graph to see the original article it came from) > Increased government employment doesn't seem to generate tax revenue very > well. > Except government employment hasn't increased under Obama, it's actually been steadily decreasing during his presidency (apart from a brief spike when the decennial census was taken and they needed a lot of temporary census workers), due mostly to the Republicans in Congress, whereas under George W. Bush government employment was steadily increasing (this collapsing of the public sector is probably contributing quite a bit to the slow recovery). See the two graphs showing private sector and public sector jobs under Bush and Obama here: http://economistsview.typepad.com/economistsview/2013/04/public-and-private-sector-payroll-jobs-bush-and-obama.html -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
