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![]() "bpuharic" wrote in message ... On Sun, 17 Jan 2010 16:42:02 -0700, Canuck57 wrote: On 17/01/2010 3:20 PM, bpuharic wrote: working folks just paid for the socialism for the rich Agreed. Bailouts are socialism for the rich and that is why Obamanomics and Democrats are not working to fix the economy. They are 100% in denial of the basic issues at hand. it's the only channel for money the rich have left us. the program was started by bernanke, chairman of the fed under a guy named bush, who was president for the last 8 years And Obama could have stopped it, but oh no, he made it BIGGER! $2 trillin in the first year of office, now that sets a record amount of debt. ever hear of john maynard keynes? no. i suppose not. i suggest you read him. even a conservative might learn something. you morons caused the economy to collapse. the ONLY institution left that had any spending power was the govt. Ever hear of Japan's "Lost Decade"? Keynesian Economics practiced to the letter by the government of Japan. It didn't work. Actually, Japan has never truly recovered. It's economic problems have persisted for much longer than a decade. But, our government is now trying exactly the same thing. The answer is jobs. Re-vitalize the US manufacturing sector. Institute tariffs on anything imported. Right now China applies a tariff of 18% on any manufactured goods imported from the US. The US applies no tariff to imported Chinese goods. Zero. Nada. Zip. Keynesian Economics is valid in an open, balanced and fair trade market. It has no application to the current problems. The academics need to get their noses out of the books and take a look around them. Eisboch |
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