Yes yes! Just as Hoover and FDR's policies, were more similar than
different, and had about the same effect on the economy. What FDR was
successful with, unlike Hoover was convincing joe six pack that he
cared about their well being. Heres the issue as I now view it. Any
policy or practice that removes currency from circulation, whether
through banks, or government taxing people so the wise politicians can
decide what is best, ends in failure, as BHO"s economics have. It is
great for Wall Street, but lousy for main street. But thats the Elites
for you.
-----Original Message-----
From: Jesse Mazer <laserma...@gmail.com>
To: everything-list <everything-list@googlegroups.com>
Sent: Thu, Nov 7, 2013 2:24 pm
Subject: Re: Our Demon-Haunted World
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
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