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Critical of Keynesian-Obamomics

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John Beagle View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Topic: Critical of Keynesian-Obamomics
    Posted: Nov 19 2009 at 9:58am
I’m critical of spending away in the short run whilst compromising long term opportunities.

John Maynard Keynes’ philosophies made a bad economic situation in the 1930’s worse by prolonging economic recovery. History is repeating with the Obama Administration. Keynesian economics was the philosophy of the Roosevelt Administration. Keynes promoted huge increases in spending on social programs by federal governments. He believed that you could spend your way out of any economic downturn.

Keynesian thinking is the opposite of what logic dictates. Logically, markets tend to move to equilibrium on the basis of supply and demand. Keynesian’s believe one can force demand by spending. But in the long run, if there is no demand for a product or currency, you can only prop up that industry or currency for so long before total collapse. Its not if, it’s when it fails.

Full Article: Critical of Keynesian Economics
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
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John Beagle View Drop Down
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Joined: Apr 23 2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Nov 19 2009 at 10:13am
What would you say if I gave you 11 reasons why the elections in 2010 will be the most important in the history of the United States ?

1. What if I had told you in October 2008, before the last presidential election, that before Barack Obama's first 100 days in office, the federal government would be in control of both the mortgage and the banking industries? That 19 of America 's largest banks would be forced to undergo stress tests by the federal government which would determine if they were insufficiently capitalized, so they must be supervised by the government?
Would you have said, "C'mon, that will never happen in America !!!"

2. What if I had told you that within Barack Obama's first 100 days in office the federal government would be the largest shareholder in the US Big-Three automakers: GM, and Chrysler? That the government would kick out the CEO's of these companies and appoint hand-picked executives with zero experience in the auto industry and that executive compensation would be determined, not by a Board of Directors, but by the government?
Would you have said, "C'mon, that will never happen in America !!!"

3. What if I had told you that Barack Obama would appoint 44 Czars, without congressional approval,   accountable only to him, not to the voters, who would have control over a wide range of US policy decisions. That there would be a Stimulus Accountability Czar, an Urban Czar, a Compensation Czar, an Iran Czar, an Auto Industry Czar, a Cyber Security Czar, an Energy Czar, a Bank Bailout Czar, and more than a dozen other government bureaucrats with unchecked regulatory powers over US domestic and foreign policy.
Would you have said, "C'mon, that will never happen in America !!!"

4. What if I had told you that the federal deficit would be $915 billion in the first six months of the Obama presidency - with a projected annual deficit of $1.75 trillion - triple the $454.8 billion in 2008, for which the previous administration was highly criticized by Obama and his fellow Democrats. That congress would pass Obama's $3.53 trillion federal budget for fiscal 2010... That the projected deficit over the next ten years would be greater than $10 trillion.
Would you have said, "C'mon, that will never happen in America !!!"

5. What if I had told you that the Obama Justice Department would order FBI agents to read Miranda rights to high-value detainees captured on the battlefield and held at US military detention facilities in Afghanistan . That Obama would order the closing of the Guantanamo detention facility with no plan for the disposition of the 200-plus individuals held there. That several of the suspected terrorists at Guantanamo would be sent to live in freedom in Bermuda at the expense of the US government. That our returning US veterans would be labeled terrorists and put on a watch list.
Would you have said, "C'mon, that will never happen in America !!!"

6. What if I had told you that the federal government would seek powers to seize key companies whose failures could jeopardize the financial system. That a new regulatory agency would be proposed by Obama to control loans, credit cards, mortgage-backed securities, and other financial products offered to the public.
Would you have said, "C'mon, that will never happen in America !!!"

7. What if I had told you that Obama would travel to the Middle East, bow before the Saudi king, and repeatedly apologize for America 's past actions. That he would travel to Latin America where he would warmly greet Venezuela 's strongman Hugo Chavez and sit passively in the audience while Nicaraguan Marxist thug Daniel Ortega charged America with terrorist aggression in Central America .
Would you have said, "C'mon, that will never happen in America !!!"

8. Okay, now what if I were to tell you that Obama wants to dismantle conservative talk radio through the imposition of a new "Fairness Doctrine." That he wants to curtail the First Amendment rights of those who may disagree with his policies via internet blogs, cable news networks, or advocacy ads. That most major network television and most newspapers will only sing his phrases like state-run media in communist countries?
Would you say, "C'mon, that will never happen in America !!!"

9. What if I were to tell you that the Obama Justice Department is doing everything it can to limit your Second Amendment rights to keep and bear arms. That the federal government wants to reinstate the so-called assault weapons ban which would prohibit the sale of any type of firearm that requires the shooter to pull the trigger every time a round is fired. That Obama's Attorney General wants to eliminate the sale of virtually all handguns and ammunition, which most citizens choose for self-defense.
Would you say, "C'mon, that will never happen in America !!!"

10. What if I were to tell you that the Obama plan is to eliminate states rights guaranteed by the Tenth Amendment and give the federal government sweeping new powers over policies currently under the province of local and state governments and voted on by the people.. That Obama plans to control the schools, energy production, the environment, health care, and the wealth of every US citizen.
Would you say, "C'mon, that will never happen in America !!!"

11. What if I were to tell you that the president, the courts, and the federal government have ignored the US Constitution and have seized powers which the founders of our country fought to restrict. That our last presidential election may have been our last truly free election for some time to come. That our next presidential election may look similar to the one recently held in Iran . (And maybe under review by ACORN.)
I know, I know what you will say. "That will never happen in America !!!"

If we don't do everything in our power to stop this madness in 2010...
May God have mercy on our worthless souls.
Pass this on to every freedom loving American you can.

Source: PTL
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
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arwendt View Drop Down
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Joined: May 17 2007
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Post Options Post Options   Thanks (0) Thanks(0)   Quote arwendt Quote  Post ReplyReply Direct Link To This Post Posted: Nov 19 2009 at 11:49am
In my opinion Obama lacks the cultural ties to this country, and our heritage, that would even allow him to understand the significance of his actions.
“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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