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Politics : Formerly About Advanced Micro Devices

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To: brushwud who wrote (438491)	12/5/2008 1:36:52 PM
From: Tenchusatsu	Read Replies (1) of 1575994

Brushwud, > Keynes's salient observation was that a way out of an economic contraction is deficit spending by the government and this is generally accepted. He wasn't advocating nationalizing or propping up failing industries. The bailout is all for the unions. The fear is that no bailout would lead to massive unemployment and therefore a depression. In that sense, the bailout is more support than stimulation. I'm not sure if this really is Keynesian or even neo-Keynesian, but it seems the Keynesian economists today are more for this bailout than against. Tenchusatsu

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