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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (191773)	6/16/2012 5:00:06 PM
From: bentway	Read Replies (1) \| Respond to of 543776

" Look, we really were following a keynesian way all through the Bush administration" That's a ridiculous assertion. Keynes dictated paying higher taxes and paying DOWN debt during relatively GOOD economic times, as during the bulk of the Bush admin. Which, he did NOT do. Clinton is the ONLY president I'm aware since I've been voting to EVER follow the prescription. ritholtz.com

To: Steve Lokness who wrote (191773)	6/16/2012 6:41:05 PM
From: koan	Read Replies (1) \| Respond to of 543776

No, Bush did not follow Keynesian economics. Keynes would have kept the Clinton tax policies in place and continued paying down the debt. Keynes said to pay back debt during good times. Are you forgetting Bush said the government was getting too much tax money and he was going to give it back to the rich who paid it. And he said rich. Had Bush kept on the Clinton track the debt was scheduled to be paid of by 2012. Instead Bush passed three tax cuts, started two wars off budget and doubled the deficit in 8 years from 5 to 10 trillion. That is the real story.