Ron Paul w/ Keynesian Robert Reich 1/25/10 - CNN's Larry King Live

[Reido2828]

Reich is a Rat. A disgusting, dirty, filthy, Keynesian Rat!!!

[Ddonjuan]

I love Ron Paul's face while he listens to the Keynesian

[qwertypoiu4321]

Reich is a dwarf, thug idiot.

[rmccay88]

Mongoose, get a damn blog...!

[mongoose704]

Reich once again grossly misrepresents Keynesianism. Keynes never advocated any spender of last resort. He advocated stimulus in the form of rebates, relief AND TAX CUTS so that CITIZENS CAN CONSUME MORE. He advocated deficit spending which means the government takes in less than they are spending. The real flaw of Keynesianism is government malinvestment and greed prevents the spending cuts, and inflationary pressures caused by deficit spending also make future cuts impossible. See the 70s

[betodesign101]

@mongoose704 robert reiiiiiiiiiiiiiiiich-shuh! likes it in da butt. the fed be like take dat-take dat-take dat.

[pureaggression]

@mongoose704 Are you a libertarian?

[mongoose704]

Reich and other libtards were claiming the opposite about the Bush stimulus. They were saying exactly what Ron Paul said in this video that it only benefitted Wall Street and that not one job was saved. They were also screaming that the Bush stimulus will create debt and deficits. They were also saying the stimulus is unsustainable. When the second dip happens it will be blamed on the stimulus ending, not on higher taxes. He also won't tell you that it ended because they are unaffordable!

[zenyork]

Larry King is a waste of time, he should let these two guys debate in an forum for a good hour. Then questions could be answered.

[Bugeda]

@orgasmicide2 Bush = Hoover, Obama= FDR, Same policies different dictator. This guy Reich, is a complete idiot and has no idea what really happened in the great depression.

[mongoose704]

@Bugeda What many do not know is Hoover was actually the father of the New Deal and first implemented it in 1932.  he was appointed as chief advisor to FDR with the specific purpose to draw up FDRs first New Deal.

BTW Keynes himself called FDR an economic illiterate because he ROSE taxes in the middle of a downturn when Keynesianism CORRECTLY calls for TAX CUTS across the board. Keynes cited that as the reason the great depression continued throughout the FDR Junta.

[Bugeda]

@orgasmicide2 raising taxes actually reduces government revenue, i think cutting spending is more important. Regan wasn't all high and mighty, he was keynesian he spent a lot of money but he did have aspirations of going to to a gold standard so that was good but he didnt get us back to it. We will never pay back our debt, we are bankrupt and there is no hope for economic recovery, i know thats sounds cynical but it is the truth. If you want to know whats really going on read Mises and CATO.

[n66178]

yea, not very impressed with reich. it is completely retarded to think that the way to prosperity is to go and have a war. That is the most disgusting, twisted idea I have ever heard. Sure, unemployment came down during the war, but a lot of people had to go risk getting killed for that to happen? Keynes was Satan's economist.

[n66178]

I hate how Larry talks over his guests.

[Bugeda]

robert reich is a moron, and they should have let ron paul respond to the idiocracy that came out of reich's mouth at the end

[BablyonsKing]

I don't think this gov. could do anything that will benefit the people of this country. It's all about the big banks, never anything else. As long as we let these folks up in Washington start the illegal wars going on and on the American People are going to fall flat on their faces.

[AllahConsciousness]

Government can exterminate people at home and abroad efficiently at least.

[elitephpcoder]

Everything the government touches eventually results in catastrophe...Even when it has a good "intention". The coming FOOD CRISIS.. a result of government manipulation of trade and production values. The financial system...Fanie Mae Fredie Mac... ALL THERE DOING IS CREATING ANOTHER ECONOMIC BUBBLE THE GOV MUST SUPPORT (THE STIM JOB BUBBLE). They are wasting the money by creating non-sustainable jobs. End result will be more stimulus and Hyper-Inflation. Freeze my ass.STIM #2 and #3 on way.

[gearzone2611]

Markets should be creating jobs, not government. Government should Not be spending but should be saving. But what our government doing right now are running up deficits, it seems like Keynesians doesn't know what is deficit is. The problem is too much spending. When they allow this, its much easier for government to waste money when they are not accountable of their wasted money through taxpayers expenses! All government agencies should be Audited and debated if they're lawful; Constitutional!

[gearzone2611]

Those jobs that Obama's talking about was the jobs that were back on(steady extra, laid offs), but they're not jobs that were created by his Stimulus. Some industries are still crippled with the economic downturn due to Keynesian's policies of the government. The fact is, the economy is still in the bridge of collapsing, if there will be more unwise decision of the government thru interventionism. Jobs should be a long-term investment, so that people will have a time of their years to save money