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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (44606)	11/11/2017 10:41:32 AM
From: neolib	Read Replies (2) \| Respond to of 361041

I agree with much of your post, but I disagree wrt to Keynes. He was absolutely correct in his analysis of the phase of spending wrt to economic cycles. Where he "failed" is in the realization that Politicians always think now is the time to spend, and the future is the time to pay it back. I would adopt Keynesian economics with a requirement that averaged over a certain length of time, spending must be neutral. How to enforce that is still a problem. We should save more in good times and spend it down in the poorer times.

To: RetiredNow who wrote (44606)	11/11/2017 10:56:32 AM
From: bentway	Read Replies (1) \| Respond to of 361041

>>you seem completely blind to the fact that more debt was created under Obama than all previous Presidents combined.<< You seem 'completely blind' to Obama being handed the worst recession since the Great Depression. As Bush discovered, supply side has no remedy for what can't possilbly happen, so, Keynes is the ONLY answer. You have to spend your way out of it. Obama's cool hand at the wheel has people forgetting how bad it was, and how bad it could have BECOME.

To: RetiredNow who wrote (44606)	11/11/2017 11:33:11 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 361041

<<<<I blame both parties>>>> I do too. Much of the debt under Reagan was not so different than the debt under Obama. Both were left with basket cases that in all honesty took years to correct. You can't blame Reagan for the basket case he inherited any more than you can blame Obama for the mess Bush handed to him. So lets be honest about these debts and stop pretending they are the same. Trump has been handed an economy in really good shape (like Bush the younger) - lets see how the debt is controlled under his watch.