President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (113962)	5/20/2012 3:03:11 PM
From: RetiredNow	Read Replies (1) of 149317

Ted, you say Keynesianism works, but everywhere it is being tried, it isn't leading to a sustainable recovery. Keynesianism is only a way to paper over the real root causes of the global malaise, which is a massive debt overhang. That debt needs to be cleared. If we'd let the free market do it, then those debt levels would have already been adjusted, defaulted, and restructured to levels that would allow the global economy to grow again. Until we let that happen, it doesn't matter how much stimulus you through at it with more deficits and debt, the outcome will be increasingly worse.

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