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To: koan who wrote (69913)	1/19/2009 1:17:21 AM
From: koan	Respond to of 71178

Keynsian economics-lol. Wine.

To: koan who wrote (69913)	1/20/2009 11:52:48 PM
From: JF Quinnelly	1 Recommendation Read Replies (4) \| Respond to of 71178

"JFK was following Keynsington economics and LBJ was being irresponsible." For one thing it's "Keynesian", from John Maynard Keynes. Both JFK and LBJ employed Keynesian policies, as did Nixon. It was the dominant economic theory of the post WWII era, something of which you are evidently blissfully unaware. "Virtually all of the present deficit was created during Reagan and the Bush years. Almost none during clinton and Carter" It's not really worthwhile responding to the partisan nonsense that you post, but I'll do it since I've already grabbed the tarbaby. Anyone seriously studying Presidential spending (this means "not you") takes into account the actions of the House. Democratic Presidents have enjoyed Democratic Houses in every case except Clinton's second term. Clinton's deficits were high when he had a Democratic House, low after the Republicans took the House. Carter's deficits were lower than Ford and Reagan, but substantially larger than most of JFK's and LBJ's. Kennedy 4%, 6%, 4% Johnson 6%, 2%, 3%, 9%,18% Nixon, 0%, 5%, 15%, 14%, 8% Ford 4%, 20%, 23% Carter 15%, 15%, 10%, 15% Reagan 14%, 20%, 31%, 27%, 29%, 29%, 21%, 23% GHW Bush 22%, 27%, 30%, 30% Clinton 26%, 22%, 18%, 14%, 8%, 2%, 0%, -6% GW Bush 23%, 32%, My table goes no farther, but the deficits are large. ctj.org Bush II had no qualms about running deficits, and had a Republican House that could have balanced his budget. Reagan did not have that option. This won't mean anything to those who learn their political economy from Bill Maher's television show (a familiar source, koan?) but for others it may be informative.