Posted on 08/07/2011 7:39:54 PM PDT by sickoflibs
PLAYING CLIP OF RUSH LIMBAUGH, RADIO TALK SHOW HOST: John Maynard Keynes. If you want to know what Keynesian economics is, you`re living it, Barack Obama, massive government spending, massive debt, massive redistribution of wealth, the lie that government spending, deficit spending can propel economic growth.
They had no intention of saving capitalism. They wanted to destroy it and replace it with socialism or Marxism or fascism or whatever you want to call it.
(END VIDEO CLIP)
I think that is the heart of the Tea Party, Michael, this fear of government massive spending, hemorrhaging, hemorrhaging.
CROWLEY: Yes.
MATTHEWS: That stimulus program of about $800 billion to $900 billion dollars was a waste.
CROWLEY: Right.
MATTHEWS: It didn`t bring the economy back. And they have got a good argument with that, because when you have a 9-plus percent unemployment rate, how can you claim you turned the economy around? In simple Crayon- level thinking, it works, doesn`t it, the Tea Party argument?
CROWLEY: Sure. Yes. I mean, the experience of the stimulus was a big setback for Keynesian economic theory, because it`s hard to explain to people that it might have really prevented things from getting a lot of worse. And so the Rush Limbaughs of the world point to the unemployment now and say that the thing was a complete waste that didn`t work.
MSNBC HARDBALL for 8/4/11 Transcript(LexisNexis)
Not everyone learned the lesson. Couldn’t find a transcript for this same night Maddow show but I did find the clip on youtube.
At about 11:56 start at 11:00 or earlier to hear more of this theory and see if you can follow his math.
Guest Robert Frank Cornell University Economics professor :
”The markets are happy to loan us the money. As Ezra said they are eager to loan us more money at very low interest rates . The cost of debt compared to the cost of unemployment is incredibly low. A trillion dollar deficit costs us $25B per year to pay the interest on that. If we have an extra 10M people unemployed that’s $250M lost forever each year so it’s a 10 to 1 trade-off . We are focusing on deficit reduction when we should be focusing on job creation. Focusing on the deficit by cutting spending, that’s going to make the deficit bigger. What we are doing now is unimaginably stupid”
The Rachel Maddow Show (08-04-11) youtube clip (see 11:44)
No, you are wrong. Obama is a communist, Hope and Change have been buzz words of the CPUSA since the 20s and 30s. Communists believe in a world without God, they believe that man is supreme is capable of bringing order to the chaos of nature, but to do so, all non-believers must be controlled or purged.
That is what I meant by evil.
I know that Obama is not a Christian in the true sense of the word, but I also believe that he is not a Muslim. I think that he prefers the Muslim traditions to Christian traditions, but Obama is an atheist.
Touche’
I still think he acts out of dogma, however, and not malice. Can one do evil and not BE evil? Certainly. I child can kill without understanding of his actions. Obama does not understand, or refuses to face, the consequences of his beliefs.
No, communists know that their actions would be considered morally wrong by the Judeo Christian code of ethics, but they don’t adhere to the Judeo-Christian code of ethics because they don’t believe in God.
Communists believe in the power of man and man only. They believe that the end justifies the means, at all costs and they believe in purging anything or anyone who stands in their way. Communist policy is their religion. That makes them evil. They are in opposition to God and believers in God.
I’m reading a book called, The Witness, by Whitaker Chambers, the guy who testified against Alger Hiss. It details Chambers life journey as a member of the Communist Party, then the Communist Underground, until he had an epiphany and came to the conclusion that what the Communist party was doing was evil. Chamber was so distraught that he considered killing himself because he thought that the only way that he could get back to God was through suicide. Instead, he made a deal with God to work for freedom and so he testified against Alger Hiss.
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