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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (113071)	5/3/2012 9:04:33 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

I made a comment about a 20 year period and you respond with a 2 year chart? Hmm. I think you have the heart of a statistician who knows how to manipulate public opinion by sharing only a portion of the numbers. :) So how about I show the 20 year period in answer to my own 20 year comment... Here's the chart you posted in response to my comment in italics below: Japan did all the things we are doing now. 20 Years later, they have a 300% debt to GDP ratio and an abysmal economy, where the young people are either depressed and unemployed or looking for a way to get out of the country. Here's a longer term view of what happened in Japan, which proves my point. You see, LONG TERM unemployment rates in Japan are still more than double where they were 20 years ago. Keynesian printing of money and deficit spending DOES NOT WORK to restore the economy and get the unemployment rate down over the long run. Those methods can only ever be a sugar high that produce upward blips in the charts that are simply not sustainable. Only systemic financial system reforms and lack of Fed intervention allows the magic of capitalism, savings and investment to get kick started again to generate the much needed employment. See for yourself what happened to Japan and put your chart above together with mine below and that will give you the full picture. Not much bang for the buck for Japan, which represents the largest full scale implementation of the Keynesian experiment ever performed. And we're trying to emulate that? Exactly, why would we want Japanese results for ourselves? It failed. Was spending up to 300% of GDP in debt worth it?