• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

It all depends ...

Torus34 said:
I'm amused by companies and corporations bellying up to the bar for federal handouts during this economic downturn. It appears as if they've become converts to Keynesian economics almost overnight. Or at least that part of it which says that governments should pump money into the economy during a downturn.

But there's another part to the Keynes viewpoint. It's the part that says that when the economy is doing well, the money which was handed out during a downturn should be clawed back. I've found that the companies and corporations which subscribe to that are remarkably thin on the ground once the depression's over.

That maps rather well onto the Republican variable view of our federal national debt. It's not an exact fit, though. There's another highly significant factor: whether the Republicans are in control of the federal government or not. The cumulative effect of these two factors coinciding can be seen in the 'stimulus' [Ed.: Actually, economic relief,] bills.

Regards, stay well, and be thankful you weren't one of the '15'.
Click to expand...

Government in this case caused the downturn. Government now has a responsibility to make them whole again. Nothing Keysenian about this.

The Keynesian problem is not a problem of business being unwilling, it's a government problem. Yes, Keynes said that government should pump funds into a weak economy....but he also said those same governments should run large surplus's in good times; put large amounts of money into "rainy day" funds. But government at every level has failed to heed THAT part of Keynes theory. The federal government alone has been spending $1.5 dollars for every dollar coming in, borrowing the rest. Even when taxes are higher they find more things to spend it on. They never "save' anything. Even Social Security receipts are tossed into the General Fund and spent. THAT'S how votes are bought.
 
You must log in or register to reply here.
Back
Top Bottom