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

To: RetiredNow who wrote (128962)	12/18/2012 11:42:45 PM
From: tejek	Read Replies (2) \| Respond to of 149317

Yes, Norway is very capitalistic and they also have a nice large safety net. However, Norway is implementing Keynesiansim as Keynes intended. They have a large and growing sovereign wealth fund, which they are putting their massive surpluses into to save for a rainy day. They are using that fund to pay for their safety nets and for deficit spending when oil prices come down, so they can take up the slack to allow the economy to recover. So in short, they are capitalists who know how to balance a budget and manage their economy. Yeah, I want the US to do that too...........just not right now. We are not in Norway's position right now. Long term, we have the more enviable position but Rs have screwed things up in this country for decades so its going to take some time to unwind that crap. We can't do what Norway is doing.......RIGHT NOW!