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Fiscal Cliff Bill Passes[W: 110]

Re: Fiscal Cliff Bill Passes

Henrin said:
I'm talking about the basics of Keynesian economics. Keynes didn't just support stimulus without limit but outlined certain things he said it was to be spend on. He also made it a point to say that the debt that came from this needed to be paid off and this should be done at full employment. The thing is that neither half of this has ever been done.
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Because he was so wrong. The government doesnt make anything but trouble and expenses :) You cannot take money from the private sector and give it to the government and not hurt the private sector. Your just moving money from one place to another and dropping some of it on the way.
 
Re: Fiscal Cliff Bill Passes

Henrin said:
I'm talking about the basics of Keynesian economics. Keynes didn't just support stimulus without limit but outlined certain things he said it was to be spend on. He also made it a point to say that the debt that came from this needed to be paid off and this should be done at full employment. The thing is that neither half of this has ever been done.
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WW two was a pretty big stimulus and we managed to somehow dig our way out of that.
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
WW two was a pretty big stimulus and we managed to somehow dig our way out of that.
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Because we were the only ones left standing
 
Re: Fiscal Cliff Bill Passes

German and Japanese industry, especially the auto industry were practically wiped out and with no competition the US did quite well indeed, though the wealth didn't really trickle down much, it was more than recent times.
 
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Re: Fiscal Cliff Bill Passes

amph said:
German and Japanese Industry especially the auto were practically wiped out with no competition the US did quite well indeed, though the wealth didn't really trickle down much it was more than recent times.
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Only maybe the biggest boom in US history. More people entered the middle class than ever before and suburbia was born.
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
WW two was a pretty big stimulus and we managed to somehow dig our way out of that.
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That is neither here nor there. We are talking about Keynesian economics, not war.
 
Re: Fiscal Cliff Bill Passes

Gawain said:
Because we were the only ones left standing
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What does this mean?Is this somehow meant to refute my post? We were the only industrial power that had the capacity to rebuild Europe(Marshall Plan) and japan but the rebuilding was classic Keynesian.
 
Re: Fiscal Cliff Bill Passes

Basically another punt. Shocking.
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
What does this mean?Is this somehow meant to refute my post? We were the only industrial power that had the capacity to rebuild Europe(Marshall Plan) and japan but the rebuilding was classic Keynesian.
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No the New deal was classic Keynesian and that didnt work.
 
Whipsnade said:
What does this mean?Is this somehow
meant to refute my post? We were the only industrial power that had the capacity to rebuild Europe(Marshall Plan) and japan but the rebuilding was classic Keynesian.
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What was different about the Qmerican economy back then ?
 
Re: Fiscal Cliff Bill Passes

Gawain said:
Only maybe the biggest boom in US history. More people entered the middle class than ever before and suburbia was born.
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Yeah, we were the only intact industrial base left on the planet. All of Europe was buying things from us to rebuild with. Not a good model for any economic questions these days, because modern circumstances are just too radically different.
 
Re: Fiscal Cliff Bill Passes

Gawain said:
No the New deal was classic Keynesian and that didnt work.
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I guess your going to repeat that old saying "the war did it eh "?
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
I guess your going to repeat that old saying "the war did it eh "?
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Yes as its the truth. It certainly wasnt the new deal that only prolonged the depression here.
 
Re: Fiscal Cliff Bill Passes

Gawain said:
Yes as its the truth. It certainly wasnt the new deal that only prolonged the depression here.
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Go back in look at some of my old post in this thread and get back to me.I hate repeating myself.
 
Whipsnade said:
It had an industrial base.
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It had a manufacturing Base and was an isolated economy.

Keynesian principles today just means China gets most of the borrowed money that was pushed into the privatw sector.
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
Go back in look at some of my old post in this thread and get back to me.I hate repeating myself.
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Im sure not going to search for anything your to lazy to repeat as Im sure it has been refuted many times. Personally i never tire of repeating the truth.
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
I guess your going to repeat that old saying "the war did it eh "?
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That is what happened. The war brought people back to work from the demand of needing supplies and the government taking over a few industries. After the war all of Europe was in disrepair and as the only party left standing everyone was dependent on us to get them back on their feet which gave us great opportunity for growth. This has nothing to do with Keynesian economics.

I'm getting a feeling you don't actually understand what Keynesian economics is.
 
Whipsnade said:
It had an industrial base.
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It had the ONLY industrial base. Now there is foreign competition and the US economy, in comparison with others, is not doing as well as it did back then.

Yet many Americans feel that it is their birthright to be born into wealth and privilege, again in comparison with other nations, without having to compete as they once did. Nor did they ever have to fight for their freedoms as their grandparents did.

Meanwhile the people in the third world are working harder and smarter to get ahead and are taking over many of the companies and corporations which were once the symbol of Western power and influence, and developing other huge international corporations also.. Whether or not the Western democracies can maintain the freedoms and standards of living they inherited from previous generations remains to be seen. Some of them look to fail.
 
Re: Fiscal Cliff Bill Passes

Henrin said:
That is what happened. The war brought people back to work from the demand of needing supplies and the government taking over a few industries. After the war all of Europe was in disrepair and as the only party left standing everyone was dependent on us to get them back on their feet which gave us great opportunity for growth. This has nothing to do with Keynesian economics.

I'm getting a feeling you don't actually understand what Keynesian economics is.
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Let us not forget it also removed many men who would otherwise have been seeking jobs but lost their lives in the war. Less men for even the same amount of jobs equals higher employment rates.
 
Re: Fiscal Cliff Bill Passes

Gawain said:
Let us not forget it also removed many men who would otherwise have been seeking jobs but lost their lives in the war. Less men for even the same amount of jobs equals higher employment rates.
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And lets also not forget that the end of the war marked the greatest layoff of workers in American history. Yet these same people came back from the war, and those who were laid off from the war factories, went on to build one of the strongest economies ever. What is the difference between then and now?
 
Re: Fiscal Cliff Bill Passes

Whipsnade said:
YOUR THE ONE that responded to my post ,where Fenton and I was discussing KEYNESIAN ECONOMICS with this bul**** .



Now its your turn.till me how i was “trying to pass blame rather than acknowledge reality? “:lamo
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Its pretty obvious. You somehow cant even acknowledge full blame for the increases in spending, you have to foist them on Bush to claim Obama is not a big spender. But you want credit to go to Dems for somehow being part of fiscal restraint when they held total legislative control at the time that budget was passed. Thats refusing to accept reality.

Secondly, go back and look at how we pulled out of WW2 spending habits; spending got cut almost in half in 2 years. War time taxes and controls were repealed.
 
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