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Politics : View from the Center and Left
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To: Mary Cluney who wrote (178366)12/31/2011 3:53:06 PM
From: Steve Lokness  Read Replies (1) of 543056
 
<<Keynesian economics is all about doing the math. It has nothing to do with religion or individual notions of morality and virtue.>>>

That is absolutely wrong! You aren't doing a scientific experiment nor can you. Why? Because politics is part of what happens. You can pretend all you want that Keynesian is some magic solution, but until you put things like ...politics, and demographics and human decision making in, it is way way more than just math. That's why it hasn't worked! I'm sure most definitely NOT talking about some religion or morality - I'm talking pragmatically. You want to eliminate conservatives from the picture. Well me too. (Of course I want to eliminate liberals too and move to the center). But we live in a democracy and while I agree with you that republicans screwed up big under Bush, that doesn't mean they don't have that right. They do! Democrats could have stopped them and they didn't.

And you missed the cupcake analogy. I likely stated it poorly. Here is what the analogy was meant to refer to; ....in 2003 and 2004 when the economy slowed just a tad (we are on a diet now), Krugman was out there arguing instead that the only place big enough left to stimulate was HOUSING. So we did. We force fed the already debt burdened public more debt - through easy money.
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