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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (853729)	5/2/2015 1:58:57 AM
From: i-node	Read Replies (2) \| Respond to of 1578306

>> some like Ireland, Portugal, Spain, Italy and Greece were forced to reduce their spending considerably. For those 5 countries, the recession has been particularly severe with very high unemployment and with debt as a percent of GDP growing: I don't necessarily want to interfere in Tim's discussion with you but has it occurred to you that the same things that "forced" those five countries to reduce their spending is what causes their economies to face difficult times? There are no better examples of failed Keynesianism than the United States in the 1930s and in 2009. Henry Morganthau understood it -- "We've tried spending money. It doesn't work." And we tried in 2009 a massive spending program, the biggest in history, and here we are six years later with 0.2% economic growth and record high unemployment. If the dragging out of the Depression and this Recession through all manner of absurd spending can't pull our economies out of the tank it is time to recognize that Keynes didn't have a solution. Milton Friedman, who knew Keynes well and believed he was an honest and honorable economist, has gone so far as to state that it was his opinion that had Keynes lived long he would have recanted on his famous policy proposition as he would have recognized its failure. Himself. You can't just keep spouting the same nonsense when it fails, fails and fails again.

To: tejek who wrote (853729)	5/2/2015 8:56:09 AM
From: TimF	Read Replies (1) \| Respond to of 1578306

You look at one country like France that did reduce spending For one year, by a really tiny amount, much smaller then the increases every other year. Spenind went up strongly over the whole time period in question. Even moving to debt as a percentage of GDP (as in your chart) rather then spending. In all the countries you list except Greece, the debt went up pretty steadily, and in Greece it also went up during the time period you list. Increasing spending and debt isn't austerity.

To: tejek who wrote (853729)	5/2/2015 11:27:14 AM
From: locogringo	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1578306

Another attack on Scott Walker boomerangs Posted by William A. Jacobson Friday, May 1, 2015 at 4:30pm You know what the biggest surprise in Walker’s financial status is? It seems that attacks on Scott Walker seem to boomerang and simply add to his political persona of being a regular guy. Did you hear the one about how Scott Walker never graduated college? #Fail. The latest attack on Walker is that he has “up to” $50,000 in credit card debt to — wait for it — Sears. We don’t know exactly how much because financial disclosures only are made in broad ranges, so it could be as little as $10,000. Regardless, it’s SEARS! The Daily News does the hit on Walker, from the angle of it proving he’s not really a fiscal conservative: “Owe, no! 2016 hopeful Scott Walker has tens of thousands of dollars in credit card debt, owing money to a list of banks and stores including Sears and Barclays, a new report alleges.” Hello, it’s SEARS! The Daily Beast actually puts it in proper context, Scott Walker Is Just Like You! In Debt: Scott Walker owes Sears up to $50,000. According to his most recent financial disclosure forms, the governor owed between $10,000 and $100,000 to credit card companies in 2014. One of the cards listed is a Barclay Card, and the other is a Sears MasterCard. “Over the years, the governor has given $370,000 of his salary back to taxpayers,” emailed AshLee Strong, a spokesperson for Walker’s Our American Revival PAC. “He has two kids in college, parents who live with him, a mortgage, car payments, and small credit card use. All in all, pretty ordinary stuff.”… The Boston Globe noted that Walker has the lowest net worth of any serious presidential contender: -$72,500. That’s vastly lower than the next lowest, Vermont Senator Bernie Sanders, who clocks in at $330,507…. With his negative net-worth, Walker could be the anti-Romney—and then some. Most Americans are much more familiar with hefty credit card debt than they are with dressage. I don’t see how any of this hurts Walker. The Boston Globe article linked by The Daily Beast was titled, Baggage of Wealth Burdens Presidential Candidates. Walker doesn’t have that baggage. You know what the biggest surprise in Walker’s financial status is? SEARS still exists!