Quote:
Originally Posted by Kingfish
A lot of people here don?t understand basic economics politics aside. There simply aren?t enough jobs to for the unemployed to fill. Eliminating unemployment benefits will lead to less money in the economy, and even fewer jobs. Given the current disaster in the gulf we could easily be looking at 14-15% unemployment in 6 -8 months. Any mainstream economist will tell you the only surefire way out of a recession is government spending, but the republicans have suddenly developed a sense of fiscal responsibility after eight years of never seeing a spending bill they didn?t like. Two unfunded wars, two unfunded tax cuts, and an unfunded prescription drug benefit they said yes to all of it. 90% of the current deficit is the result of Bush era programs. When anybody asked them how we were going to pay for the spending the Republicans responded with don?t worry about it go shopping. The Republicans have figured out the only way they will get back into power after such an awful track record is to sabotage the economy and try and make Obama look worse than they did. They know if the economy actually turns around during Obama?s tenure they are likely to be out of power for the next 10-15 years.
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Mainstream = Keynesian?
More economists are starting to question and doubt Keynesian principles.