Tuesday, November 02, 2010

Is Obama A Keynesian?


20 Comments:

At 11/02/2010 9:52 AM, Blogger vakeraj said...

These are the people lining up to vote for his economic policies.... no knowledge of economics.

 
At 11/02/2010 10:47 AM, Blogger PeakTrader said...

I think, the difference between the Obama economy and the Bush economy is the difference between a true economic train wreck and running out of fuel, after soaring at a high level.

 
At 11/02/2010 10:49 AM, Blogger Paul said...

these are the people who look down their noses at "stupid" Sarah Palin and Christine O'Donnell.

 
At 11/02/2010 11:08 AM, Blogger PeakTrader said...

When the States Go Bankrupt
07/15/10

A San Diego County panel – faced with $2.2 billion in unfunded pension liabilities and $1.3 billion in unfunded health care liabilities – recommended, among a number of other possible actions, filing for bankruptcy.

The big states are even worse. The Economist reports on Illinois: “By 2018, Illinois will be paying $14 billion a year in benefits, equal to more than a third of the state’s revenue, compared with $6.5 billion now.”

The State of New York, with its $9 billion budget deficit, is looking at a proposal to borrow $6 billion from its state pension fund in order to make a $6 billion payment due to that same pension fund. Yeah, you read that right.

In any event, what I see happening is a great big bailout from Uncle Sam, which itself is broke.

 
At 11/02/2010 12:03 PM, Blogger Bill L said...

Comedy gold.

Clearly these scenes were cherry-picked for maximum effect. Most people just don't have the time or inclination to become knowledgeable about abstract topics, no matter how important.

They are good people and fellow Americans. That said, we can still have a good laugh at their expense.

 
At 11/02/2010 4:34 PM, Blogger Ron H. said...

This comment has been removed by the author.

 
At 11/02/2010 4:38 PM, Blogger Ron H. said...

"Most people just don't have the time or inclination to become knowledgeable about abstract topics, no matter how important."

...such as learning to read.

Also, what Paul said.

 
At 11/02/2010 4:59 PM, Blogger Ron H. said...

"The State of New York, with its $9 billion budget deficit, is looking at a proposal to borrow $6 billion from its state pension fund in order to make a $6 billion payment due to that same pension fund. Yeah, you read that right."

What's wrong with that? Seems like sound policy to me. I often pay my credit card bill with a cash withdrawal from the same account. Saves me from actually having to pay it, don't you know? :-)

 
At 11/02/2010 7:14 PM, Blogger PeakTrader said...

Ron, right. If I owe you $10, lend it to me. So I can pay you the $10 I owe :)

 
At 11/02/2010 8:19 PM, Blogger juandos said...

There was money well wasted on education...

When did Keynesian = Kenyan?

 
At 11/02/2010 8:32 PM, Blogger Moataz said...

glad to know that the Tea Party doesn't have a monopoly on morons.

 
At 11/02/2010 10:48 PM, Blogger Ron H. said...

"Ron, right. If I owe you $10, lend it to me. So I can pay you the $10 I owe :)"

Better yet, loan me $100. Since you don't know me, and can't be sure I will pay you back, just give me half of it now: Then you will owe me $50, and I will owe you $50, and we will be even. :-)

 
At 11/03/2010 5:28 AM, Blogger juandos said...

"glad to know that the Tea Party doesn't have a monopoly on morons"...

Whereas its obvious, painfully obvious that Obama supporters do have that monopoly...

 
At 11/03/2010 10:37 AM, Blogger Randy said...

Ron H,

Here in Pittsburgh, Pa. the city is selling it's parking assets to the city parking authority to fill the hole in the city's public pensions.

 
At 11/03/2010 11:42 AM, Blogger Methinks said...

My favourite was the outraged woman screeching something like: "Obama is a Keneeszhian? What the hell is that supposed to mean?!!!"

 
At 11/03/2010 12:19 PM, Blogger Ron H. said...

This comment has been removed by the author.

 
At 11/03/2010 1:11 PM, Blogger Ron H. said...

This comment has been removed by the author.

 
At 11/03/2010 1:15 PM, Blogger Ron H. said...

"Here in Pittsburgh, Pa. the city is selling it's parking assets to the city parking authority to fill the hole in the city's public pensions.

Randy,

They must not realize that only the Fed can create money out of thin air in this manner.

Hopefully that plan didn't include a bond issue that you were asked to vote on to "Protect Our Retirement".

 
At 11/03/2010 2:37 PM, Blogger ExtremeHobo said...

I am actually going to buy my mortgage from Wells Fargo and live off the interest.

 
At 11/04/2010 12:47 AM, Blogger DonBurp said...

You think these people are morons? Let's see, how about people voting for a party which starts with the biggest surpluses in the nation's history and turns them into the largest deficits in history by first cutting taxes and then passing an absurdly unnecessary Medicare Prescription Drug Benefit, which will cost more than TARP, Health Care, and the Stimulus combined, on the theory that they want a return of fiscal responsibility.

With material like this readily available you don't need cheap tricks like the one here.

 

Post a Comment

Links to this post:

Create a Link

<< Home