To: sickoflibs; SeekAndFind; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3
At the NYT link he continues the same line of argument: The problem with Greece, Italy Spain is that they cant print their way out of debt and recessions, because of the Euro. It's not because they became a ' consumer ' based society not producing anything while consuming. 'Consumption' side economics says that the government employee creates the jobs, by spending money.One would think that the Nobel committee, Yale, and Harvard would be concerned about individuals who garner diplomas and Nobel Prizes from those once respected institutions, and then advocate mindless leftist theories. Not so. Zealots like Obama and Krugman represent what those institutions (with exceptions for a few faculty members) stand for today.
To: ding_dong_daddy_from_dumas; SeekAndFind; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3
RE :”
At the NYT link he continues the same line of argument: The problem with Greece, Italy Spain is that they cant print their way out of debt and recessions, because of the Euro. It's not because they became a ‘ consumer ‘ based society not producing anything while consuming. ‘Consumption’ side economics says that the government employee creates the jobs, by spending money.
....
One would think that the Nobel committee, Yale, and Harvard would be concerned about individuals who garner diplomas and Nobel Prizes from those once respected institutions, and then advocate mindless leftist theories. Not so. Zealots like Obama and Krugman represent what those institutions (with exceptions for a few faculty members) stand for today.”
To expand their economic theory I hear every-night on MSNBC: American does not have to worry about producing anything but government jobs, because we have a demand problem NOT a supply problem. It's because not enough people want and afford to buy things.
It's not taxes or regulations or employers fear of being demonized and called in front of congress, it's purely lack of demand due to consumer debt, all the rich bankers faults. So we just take some money from them that bthey dont need that they slole anyway, and then print LOTS more and hand it out to those that 'need' it because they will spend it making employers happy with all that demand and we all will have 'jobs' (giving money to illegals works just as well.)
Look, as dumb as this sounds I dont hear many Republicans really explaining why it is dumb.
25 posted on
11/11/2011 8:12:15 AM PST by
sickoflibs
(Cain :"My parents didn't raise me to beg the government for other peoples money")
To: ding_dong_daddy_from_dumas
The Nobel committee? The Nobel committee is an eye-rolling laughingstock. It’s got all the credibility of People Magazine’s, “Sexiest Man Alive”. Nobody pays any attention to that thing any more.
FRegards,
LH
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