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All of a sudden Keynesian economics is OK by conservatives

ataraxia

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After spending the last 8 years blocking every attempt by the Obama administration to invest in infrastructure and stimulating the economy, calling it big government Marxist tyranny, and going everything America stands for, and something that has been proven repeatedly not to work, etc... all of a sudden Keynesian economic stimulus seems to be all the rage among our conservative friends:

"“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”"
-Donald Trump

Oh, and what was that? Are you saying that Trump is not a real conservative, but some kind of RINO? What about Mr. Rush Limbaugh, who was falling all over himself to praise the new proposed stimulus plan?

"If Trump actually follows through on this trillion dollars to modernize airports, you’re gonna have conservative arguments against it claiming this is not how it works. This is still federal spending, it’s still budget busting, it’s still massively expanding the government. However, there will be tangible results that will result in improved and modernized airports, which will make them more economically booming, which they will then be able to attract more traffic, more landings and takeoffs, which include fees, more cargo being moved back and forth through them. So it’s gonna be an interesting philosophical argument. The idea of conservatism and smaller government, less government.

And then on the other hand, the projects we’re talking about . . . who builds them? I mean the federal government built the interstate highway system. It was a federal government expense. Same thing with those two bridges. They did it in connection with the states, I mean, there was, there was a lot of cooperation on all of these, the Hoover Dam in Nevada, and so forth. And there were other things. And don’t forget, even prior to that, we did the Panama Canal, even prior to the 1930s.

The point is, in the past, with a much smaller economy, and a much lower standard of living, we have been far more productive. We have built many more projects at a much faster rate before all the environmental impact studies were necessary, and all this. And if Trump does this and if there are witnessable, demonstrable results of modernization at airports, you’re gonna be hard-pressed to get people to find a problem with it."
-Rush Limbaugh

This is reminiscent of Glenn Beck, who, in September of 2008, as the chasm of the Great Recession was beginning to yawn before us but right before we knew Obama was going to be the next president, said of stimulus spending:

"“[W]e are in the middle of an all-out financial emergency, and emergencies have a way of really testing people. In normal times, under normal circumstances, if you tune in to me, you know me as somebody who would tell the federal government exactly where to take their bailout plans and shove it right up their you-know-what. But these are anything but normal times. I thought about it an awful lot this weekend, and while it takes me — it takes everything in me to say this, I think the bailout is the right thing do.

“The ‘Real Story’ is: The $700 billion that you’re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.”
-Glenn Beck

Fast forward a few months, with Obama in the whitehouse, and all of a sudden Keynesian stimulus spending was the most evil communist tyrannical proposal ever.

Come on, guys. It's clear that it's not Keynesian stimulus that you have a problem with. It's just that you want YOUR guy to do it. It's not about ideology. It's just about power. You obstruct when you don't have it, and you push it when you do- the welfare and immediate needs of the country be dam-ed. Party before politics, right?
 
After spending the last 8 years blocking every attempt by the Obama administration to invest in infrastructure and stimulating the economy, calling it big government Marxist tyranny, and going everything America stands for, and something that has been proven repeatedly not to work, etc... all of a sudden Keynesian economic stimulus seems to be all the rage among our conservative friends:

"“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”"
-Donald Trump

Oh, and what was that? Are you saying that Trump is not a real conservative, but some kind of RINO? What about Mr. Rush Limbaugh, who was falling all over himself to praise the new proposed stimulus plan?

"If Trump actually follows through on this trillion dollars to modernize airports, you’re gonna have conservative arguments against it claiming this is not how it works. This is still federal spending, it’s still budget busting, it’s still massively expanding the government. However, there will be tangible results that will result in improved and modernized airports, which will make them more economically booming, which they will then be able to attract more traffic, more landings and takeoffs, which include fees, more cargo being moved back and forth through them. So it’s gonna be an interesting philosophical argument. The idea of conservatism and smaller government, less government.

And then on the other hand, the projects we’re talking about . . . who builds them? I mean the federal government built the interstate highway system. It was a federal government expense. Same thing with those two bridges. They did it in connection with the states, I mean, there was, there was a lot of cooperation on all of these, the Hoover Dam in Nevada, and so forth. And there were other things. And don’t forget, even prior to that, we did the Panama Canal, even prior to the 1930s.

The point is, in the past, with a much smaller economy, and a much lower standard of living, we have been far more productive. We have built many more projects at a much faster rate before all the environmental impact studies were necessary, and all this. And if Trump does this and if there are witnessable, demonstrable results of modernization at airports, you’re gonna be hard-pressed to get people to find a problem with it."
-Rush Limbaugh

This is reminiscent of Glenn Beck, who, in September of 2008, as the chasm of the Great Recession was beginning to yawn before us but right before we knew Obama was going to be the next president, said of stimulus spending:

"“[W]e are in the middle of an all-out financial emergency, and emergencies have a way of really testing people. In normal times, under normal circumstances, if you tune in to me, you know me as somebody who would tell the federal government exactly where to take their bailout plans and shove it right up their you-know-what. But these are anything but normal times. I thought about it an awful lot this weekend, and while it takes me — it takes everything in me to say this, I think the bailout is the right thing do.

“The ‘Real Story’ is: The $700 billion that you’re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.”
-Glenn Beck

Fast forward a few months, with Obama in the whitehouse, and all of a sudden Keynesian stimulus spending was the most evil communist tyrannical proposal ever.

Come on, guys. It's clear that it's not Keynesian stimulus that you have a problem with. It's just that you want YOUR guy to do it. It's not about ideology. It's just about power. You obstruct when you don't have it, and you push it when you do- the welfare and immediate needs of the country be dam-ed. Party before politics, right?

Obama spent plenty of money. Much of it was just on the type of things. In other words, he was frivolous.

PS : Much of the infrastructure etc built by governments is not appropriate spending for governments.
 
Obama spent plenty of money. Much of it was just on the type of things. In other words, he was frivolous.

PS : Much of the infrastructure etc built by governments is not appropriate spending for governments.

Fact remains that with both Trump and the GOP congress now, they can't wait to start trying to make themselves good by blowing huge amounts of money on stimulus spending. Expect a lot of sugar rush in the economy for the next few years.

There is no question Keynesian economics works. It's only "Marxist big government tyranny" when the GOP is not in power when it happens.
 
I think this is a result of the Right Wing being made of a diverse amount of political ideologies. You'll find conservatives denouncing this and pointing out the hypocrisy, like Mark Levin.

Thing is, Trump is kind of his own animal.
 
Obama spent plenty of money. Much of it was just on the type of things. In other words, he was frivolous.

BO pissed away a huge sum of money, with nothing to show for it. Remember when BO laughed when asked about his "shovel ready jobs?" It is rather ironic how the left is now whining about infrastructure repair projects now. I think we all knew when leftists get a pile of cash to spend, it's going to be squandered, and it was. But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it. What decent normal Americans don't want to see is money pissed away needlessly just like BO did.
 
another aspect of the republican 'starve the beast' strategy
spend the treasury empty
borrow to cover the massive tax cuts for the rich
then complain that we don't have enough money to fund the social safety net
 
BO pissed away a huge sum of money, with nothing to show for it. Remember when BO laughed when asked about his "shovel ready jobs?" It is rather ironic how the left is now whining about infrastructure repair projects now. I think we all knew when leftists get a pile of cash to spend, it's going to be squandered, and it was. But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it. What decent normal Americans don't want to see is money pissed away needlessly just like BO did.

Yea, his Keynesian "stimulus" was followed by singing grasshoppers...and forgotten...
 
BO pissed away a huge sum of money, with nothing to show for it. Remember when BO laughed when asked about his "shovel ready jobs?" It is rather ironic how the left is now whining about infrastructure repair projects now. I think we all knew when leftists get a pile of cash to spend, it's going to be squandered, and it was. But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it. What decent normal Americans don't want to see is money pissed away needlessly just like BO did.

To be clear, it was the job of the States to identify the projects the infrastructure spending would fund and apply it to those projects. It wasn't Obama's fault that, for example Rick Perry effectively stole it to pay off Texas' budget deficit instead. The Federal government has no control over what States actually do with the money once it has been dispersed particularly when it's done under false pretenses on the part of the States.
 
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To be clear, it was the job of the States to identify the projects the infrastructure spending would fund and apply it to those projects. It wasn't Obama's fault that, for example Rick Perry effectively stole it to pay off Texas' budget deficit instead.

It was BO's baby, he demanded the cash, and got it from the leftists in congress. I didn't hear any leftists complaining then. Especially when the left has nothing to show for it. And the left wonder's why they have been losing their butts. LOL
 
After spending the last 8 years blocking every attempt by the Obama administration to invest in infrastructure and stimulating the economy, calling it big government Marxist tyranny, and going everything America stands for, and something that has been proven repeatedly not to work, etc... all of a sudden Keynesian economic stimulus seems to be all the rage among our conservative friends:

"“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”"
-Donald Trump

Oh, and what was that? Are you saying that Trump is not a real conservative, but some kind of RINO? What about Mr. Rush Limbaugh, who was falling all over himself to praise the new proposed stimulus plan?

"If Trump actually follows through on this trillion dollars to modernize airports, you’re gonna have conservative arguments against it claiming this is not how it works. This is still federal spending, it’s still budget busting, it’s still massively expanding the government. However, there will be tangible results that will result in improved and modernized airports, which will make them more economically booming, which they will then be able to attract more traffic, more landings and takeoffs, which include fees, more cargo being moved back and forth through them. So it’s gonna be an interesting philosophical argument. The idea of conservatism and smaller government, less government.

And then on the other hand, the projects we’re talking about . . . who builds them? I mean the federal government built the interstate highway system. It was a federal government expense. Same thing with those two bridges. They did it in connection with the states, I mean, there was, there was a lot of cooperation on all of these, the Hoover Dam in Nevada, and so forth. And there were other things. And don’t forget, even prior to that, we did the Panama Canal, even prior to the 1930s.

The point is, in the past, with a much smaller economy, and a much lower standard of living, we have been far more productive. We have built many more projects at a much faster rate before all the environmental impact studies were necessary, and all this. And if Trump does this and if there are witnessable, demonstrable results of modernization at airports, you’re gonna be hard-pressed to get people to find a problem with it."
-Rush Limbaugh

This is reminiscent of Glenn Beck, who, in September of 2008, as the chasm of the Great Recession was beginning to yawn before us but right before we knew Obama was going to be the next president, said of stimulus spending:

"“[W]e are in the middle of an all-out financial emergency, and emergencies have a way of really testing people. In normal times, under normal circumstances, if you tune in to me, you know me as somebody who would tell the federal government exactly where to take their bailout plans and shove it right up their you-know-what. But these are anything but normal times. I thought about it an awful lot this weekend, and while it takes me — it takes everything in me to say this, I think the bailout is the right thing do.

“The ‘Real Story’ is: The $700 billion that you’re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.”
-Glenn Beck

Fast forward a few months, with Obama in the whitehouse, and all of a sudden Keynesian stimulus spending was the most evil communist tyrannical proposal ever.

Come on, guys. It's clear that it's not Keynesian stimulus that you have a problem with. It's just that you want YOUR guy to do it. It's not about ideology. It's just about power. You obstruct when you don't have it, and you push it when you do- the welfare and immediate needs of the country be dam-ed. Party before politics, right?

Don't forget that Trump was a Democrat before he became a Republican. Old failed ideas die hard. We're talking the master of bankruptcies here. Rumor has it The Donald was a Democrat when he bankrupted his business 4 or was it 5 times?
 
It was BO's baby, he demanded the cash, and got it from the leftists in congress. I didn't hear any leftists complaining then. Especially when the left has nothing to show for it. And the left wonder's why they have been losing their butts. LOL

Then you obviously weren't paying attention. If "the left" has nothing to show for it then it's because the right refused to spend the money for its intended purpose ala Rick Perry. Pretty sure this same issue came back to bite Paul Ryan in the VP debate too.
 
After spending the last 8 years blocking every attempt by the Obama administration to invest in infrastructure and stimulating the economy, calling it big government Marxist tyranny, and going everything America stands for, and something that has been proven repeatedly not to work, etc... all of a sudden Keynesian economic stimulus seems to be all the rage among our conservative friends:

"“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”"
-Donald Trump

Oh, and what was that? Are you saying that Trump is not a real conservative, but some kind of RINO? What about Mr. Rush Limbaugh, who was falling all over himself to praise the new proposed stimulus plan?

"If Trump actually follows through on this trillion dollars to modernize airports, you’re gonna have conservative arguments against it claiming this is not how it works. This is still federal spending, it’s still budget busting, it’s still massively expanding the government. However, there will be tangible results that will result in improved and modernized airports, which will make them more economically booming, which they will then be able to attract more traffic, more landings and takeoffs, which include fees, more cargo being moved back and forth through them. So it’s gonna be an interesting philosophical argument. The idea of conservatism and smaller government, less government.

And then on the other hand, the projects we’re talking about . . . who builds them? I mean the federal government built the interstate highway system. It was a federal government expense. Same thing with those two bridges. They did it in connection with the states, I mean, there was, there was a lot of cooperation on all of these, the Hoover Dam in Nevada, and so forth. And there were other things. And don’t forget, even prior to that, we did the Panama Canal, even prior to the 1930s.

The point is, in the past, with a much smaller economy, and a much lower standard of living, we have been far more productive. We have built many more projects at a much faster rate before all the environmental impact studies were necessary, and all this. And if Trump does this and if there are witnessable, demonstrable results of modernization at airports, you’re gonna be hard-pressed to get people to find a problem with it."
-Rush Limbaugh

This is reminiscent of Glenn Beck, who, in September of 2008, as the chasm of the Great Recession was beginning to yawn before us but right before we knew Obama was going to be the next president, said of stimulus spending:

"“[W]e are in the middle of an all-out financial emergency, and emergencies have a way of really testing people. In normal times, under normal circumstances, if you tune in to me, you know me as somebody who would tell the federal government exactly where to take their bailout plans and shove it right up their you-know-what. But these are anything but normal times. I thought about it an awful lot this weekend, and while it takes me — it takes everything in me to say this, I think the bailout is the right thing do.

“The ‘Real Story’ is: The $700 billion that you’re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.”
-Glenn Beck

Fast forward a few months, with Obama in the whitehouse, and all of a sudden Keynesian stimulus spending was the most evil communist tyrannical proposal ever.

Come on, guys. It's clear that it's not Keynesian stimulus that you have a problem with. It's just that you want YOUR guy to do it. It's not about ideology. It's just about power. You obstruct when you don't have it, and you push it when you do- the welfare and immediate needs of the country be dam-ed. Party before politics, right?

<--- Opposed Trump's Keynesian proposals when he made them, and now. Infrastructure spending is necessary. It's simply not a way to provide short-term shocks to the economy in order to "get it going", or any of that nonsense. It's a long term investment. The idea that we can make the economy run more efficiently by increasing the portion of it that is run by politicians continues to strike me as ridiculous, and has been repeatedly disproven.
 
Come on, guys. It's clear that it's not Keynesian stimulus that you have a problem with. It's just that you want YOUR guy to do it. It's not about ideology. It's just about power. You obstruct when you don't have it, and you push it when you do- the welfare and immediate needs of the country be dam-ed. Party before politics, right?

Obviously you are correct. I think you would also agree that everything Trump is doing would be supported by the left if it were Hillary doing it. Partisanship is a very ugly thing.
 
Then you obviously weren't paying attention. If "the left" has nothing to show for it then it's because the right refused to spend the money for its intended purpose ala Rick Perry. Pretty sure this same issue came back to bite Paul Ryan in the VP debate too.

Decent normal Americans were paying attention. That's how we arrived where we are now, less leftists in office. :lamo
 
BO pissed away a huge sum of money, with nothing to show for it.

Well, except for the small fact that a few months later we were out of the most profound recession in our nation's history ever.

But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it.

That was not the argument at the time. If you recall the argument was that it is unconstitutional for government to use taxpayer money to fix the economy, that Keynesian economics was Marxist tyranny and communism and un-American, blah blah blah...

So how come all of a sudden it's constitutional now and a good idea?
 
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Obviously you are correct. I think you would also agree that everything Trump is doing would be supported by the left if it were Hillary doing it. Partisanship is a very ugly thing.

No. Forget Hillary. I would question the sanity of anyone trying to shut out hundreds of millions of people for no reason at all, calling all Mexicans rapists and murderers and jeopardizing good trade deals and international alliances, cozying up to Putin, constantly lying in a pathologic manner, bullying and intimidating agencies that he relies on to run the country, etc... These are shortsighted and uneducated policies that are going to hurt the country in a big way. The only problem is, the hurt is going to take a little while to start to be felt by all those Trump supporters. But they are going to be the ones who are ultimately going to feel it the most. Just wait and see. These policies are the policies of someone completely ignorant of everything and just operating out of shortsighted and ignorant emotion. I hate to see the country being hurt like this. It's like watching the country being driven off the cliff with everyone cheering it on. It's a tragedy.
 
Well, except for the small fact that a few months later we were out of the greatest recession in our nation's history.
But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it. [/QUOTE]

That was not the argument at the time. If you recall the argument was that it is unconstitutional for government to use taxpayer money to fix the economy, that Keynesian economics was Marxist tyranny and communism and un-American, blah blah blah...

So how come all of a sudden it's constitutional now and a good idea?[/QUOTE]

For the same reason Medicare-D was a "good idea" when the Republicans passed that lobbyist written "unfunded mandate".
 
Obama spent plenty of money. Much of it was just on the type of things. In other words, he was frivolous.

PS : Much of the infrastructure etc built by governments is not appropriate spending for governments.

Guess you dont like things like power, water, heating, internet....
 
No. Forget Hillary. I would question the sanity of anyone trying to shut out hundreds of millions of people for no reason at all, calling all Mexicans rapists and murderers and jeopardizing good trade deals and international alliances, cozying up to Putin, constantly lying in a pathologic manner, bullying and intimidating agencies that he relies on to run the country, etc... These are shortsighted and uneducated policies that are going to hurt the country in a big way. The only problem is, the hurt is going to take a little while to start to be felt by all those Trump supporters. But they are going to be the ones who are ultimately going to feel it the most. Just wait and see. These policies are the policies of someone completely ignorant of everything and just operating out of shortsighted and ignorant emotion. I hate to see the country being hurt like this. It's like watching the country being driven off the cliff with everyone cheering it on. It's a tragedy.

As I said earlier, partisanship is a very ugly thing.
 
Fact remains that with both Trump and the GOP congress now, they can't wait to start trying to make themselves good by blowing huge amounts of money on stimulus spending. Expect a lot of sugar rush in the economy for the next few years.

There is no question Keynesian economics works. It's only "Marxist big government tyranny" when the GOP is not in power when it happens.

It depends on what one means by "There is no question Keynesian economics works". You can either smooth over an cycle bump to prevent a recession or you can spend, when there is no need. Economically speaking the latter is not Keynesian policy. That is why spending now under economic conditions that are okay is not Keynesian.
 
Guess you dont like things like power, water, heating, internet....

Those are all fine things. But they are not public goods in the economic sense. It is wasteful for government to produce them and the society will c.p. not reach its general welfare optimum.
 
BO pissed away a huge sum of money, with nothing to show for it. Remember when BO laughed when asked about his "shovel ready jobs?" It is rather ironic how the left is now whining about infrastructure repair projects now. I think we all knew when leftists get a pile of cash to spend, it's going to be squandered, and it was. But now we have DJT, a builder, someone who knows how to fix things. No one really objects to fixing things and using taxpayer's money to do it. What decent normal Americans don't want to see is money pissed away needlessly just like BO did.

The thing is that it should not be the government doing it. Those are economically private goods and the government should not be the one producing them.
 
It depends on what one means by "There is no question Keynesian economics works". You can either smooth over an cycle bump to prevent a recession or you can spend, when there is no need. Economically speaking the latter is not Keynesian policy. That is why spending now under economic conditions that are okay is not Keynesian.

"Economic conditions that are okay"?!!! LOL!

Trump got himself elected because he managed to convince people that there was this "disaster of the Obama economy", despite unemployment at below 5% and dropping, wages rising, the DOW in record terriroty, and the GDP of the US the best of all OECD nations on the planet. The rest of us were left scratching our heads at what all this meant, of course. But his base seems to have bought it. And so I am pretty sure Trump thinks he is going to use stimulus money to "really" get the economy going now. He, and his supporters, are looking at this as a Keynesian move. And surprisingly, all of a sudden, they are totally OK with that. It turns out it wasn't Keynesianism they were against. They just want their guy to do it. That's good leadership and all-American. Anyone else tries it, especially if they have a (D) after their name, and all of a sudden it's Marxist tyranny and big government overreach spending.
 
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It depends on what one means by "There is no question Keynesian economics works". You can either smooth over an cycle bump to prevent a recession or you can spend, when there is no need. Economically speaking the latter is not Keynesian policy. That is why spending now under economic conditions that are okay is not Keynesian.

It's seen by Trump and his followers as Keynesian policy to save us from the "disaster of the Obama economy". It's just that it's OK when their guy does it. Rush Limbaugh sums up the feeling
best:
"If Trump actually follows through on this trillion dollars to modernize airports, you’re gonna have conservative arguments against it claiming this is not how it works. This is still federal spending, it’s still budget busting, it’s still massively expanding the government. However, there will be tangible results that will result in improved and modernized airports, which will make them more economically booming, which they will then be able to attract more traffic, more landings and takeoffs, which include fees, more cargo being moved back and forth through them."

This is Keynesian policy. Keynes himself couldn't have said it better.
 
"Economic conditions that are okay"?!!! LOL!

Trump got himself elected because he managed to convince people that there was this "disaster of the Obama economy", despite unemployment at below 5% and dropping, wages rising, the DOW in record terriroty, and the GDP of the US the best of all OECD nations on the planet. The rest of us were left scratching our heads at what all this meant, of course. But his base seems to have bought it. And so I am pretty sure Trump thinks he is going to use stimulus money to really get the economy going now. He, and his supporters, are looking at this as a Keynesian move. And surprisingly, all of a sudden, they are totally OK with that. It turns out it wasn't Keynesianism they were against. They just want their guy to do it. That's good leadership and all-American. Otherwise it's Marxist tyranny and big government overreach spending.

Trump won based on a number of factors: most prominently being that the Dems anointed one of the worst presidential candidates in the past 50 years if not ever. To say that the GOP love Keynesianism when their guy does it is proof of why Trump was elected is a false premise.
 
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