The Mudcat Café TM
Thread #139355 Message #3198854
Posted By: Bobert
30-Jul-11 - 10:02 PM
Thread Name: BS: The Republican Default Crises
Subject: RE: BS: The Republican Default Crises
So, pdq, WW II was the ultimate case of Keynesian economics!!!
So, why is it some misguided idea now...
No, don't answer that...
It isn't!!!
We haven't hardly given it a chance to work... Economists told *US* to put $1TPlus into the economy... The way we did it in WW II... We put $300B in and another $400B in tax cuts, half of which didn't get spent but went in the black hole of the rich...
No, Keynesian economics didn't get an honest chance... It was a set up to fail so the right wing could say, "It doesn't work"...