PJTV: Obama's Economic Recovery Summer, Part II: The Wrath Of Keynes!

Trifecta looks at the failed theories of economist John Maynard Keynes, and his economic follower, President Obama. Does more government spending lead to prosperity, or does it result in more debt and a severely damaged economy?

Category:

News & Politics

Tags:

• economy
• keynesian
• economics
• keynes
• prime
• spending
• debt
• deficit
• jobs
• growth
• recovery
• summer
• steve
• green
• scott
• ott
• bill
• whittle

[DenmarkRadar]

Keynes' policies have failed because reality has caught up with them... and beat them to a pulp.

[XCritonX]

Keynes is an economic witch doctor and Obama is doing the job dance hoping to get results. Of course the rest of us non-stupidstitious people just don't "get" why Keynes thinking never works.

The only real way to greater prosperity is to increase efficiency. It both brings down prices AND increases profits. Companies need excess profit and competition to drive reinvestment in creating new methods of efficiency.

Disclaimer: I live in the most Keynesian country of Portugal. (HELP!)

[murdock283]

*sigh* I always knew that conservatives weren't good with humor.

[9jmorrison]

Barrons 06/11/11 call it screwflation.

[IChIDH]

@BurritoqueenOnPatrol Yep...here's the HAARP patent no. 4,686,605 Method and apparatus for altering a region in the earth's atmosphere ...

[stanparrish1]

A capitalist society requires capitalist cures. If we lived in the old Soviet Union then maybe the administrations solutions might help. Might, but I doubt it. I'm sure the Soviets tried everything Obamas been doing with the same results.

[BurritoqueenOnPatrol]

"You can't change the weather." Well, that surely isn't stopping HAARP from performing dangerous weather modding experiments and risking innocent lives attempting to do so...

[w0tm]

Hired hand Obama doing a "GREAT" job doing a "Cloward-Piven" to the USA and spilling over to other countries. Look up Cloward Piven. And this is BEFORE financial nuke bomb China will drop March 2012. China NOT rolling over $1.3 trillion in long-term T-bills maturing then. No one realizes this oncoming armageddon! Look it up! March 2012 TEOWAWKI (The end of world as we know it) . Riots, anarchy - $ will become worthless soon. infinitedangers ((dot) com for help and guidance. This can ruin YOU!

[jnjnelson]

Need … more … Star Trek … references.

I'm thinking I might be addicted.

[AnglicanXn]

Keynes may work - but if so, it is like cocaine: a massive effect the first time, followed by decreasing effects, increasing dependence, and greater and greater fragility of health.

[MrConservative608]

Why blame Obama's economic advisors? Are they nothing more than expendable scapegoats to this administration?