On Sun, 17 Jan 2010 21:55:57 -0700, Canuck57
wrote:

On 17/01/2010 7:46 PM, bpuharic wrote:

Ever hear of Japan's "Lost Decade"?
Keynesian Economics practiced to the letter by the government of Japan.
It didn't work.

it's still going on. and it has nothing to do with keynesian
economics. it has to do with the mercantilist policies of japan

Has lots to do with it. Government is up everyoines arse over there.

it is here, too. just not economically

In any case, Keynesian or not, it is similar to what the US is doing
under Omama. Artificially low interest rates without a balance on
savings. Debtor, debt monger economy. Government bailouts... same deal
with Asian eyes.

?? you know, i honestly believe you think obama's been president for 8
years

because you're an idiot. 'artificially low interest rates'??

you must have graduated at the top of your class at 'idiot school'
because interest rates WENT TO ZERO UNDER BUSH. interest rates from
the fed have been at 0 for about 18 months.

and your recommendation, like that of every conservative is, protect
the rich through tax cuts and let the middle class unemployment go to
25% like the last depression.

after all, the middle class deserves it. they're not rich. their job
is to protect the rich


we've had 30 years of free market fundamentalism with the greatest
economic inequality of any country in the western world. social
democracies in europe have per capita GDP's equal to ours, while they
maintain a safety net we only dream of.

But the individuals average net take home is signifigantly less.

really? so when you lose your job and have no health insurance, how's
your income then?

When I
was overseas in Europe, they got paid less, took home even less. It
isn't "free". Why do you thing people hate Americans? Because you are
rich *******s by comparison. That is how they see you.

uh no. i've spent my time overseas as well. if you want to engage in a
separate thread about 'why they hate us', go ahead and start one. the
fact is their social safety net resulted in less inequality in income
distribution. their rich aren't as rich and their poor aren't as poor
as ours are. and they're doing just fine.


and the rich here are richer than anywhere else while the middle class
pays for their mistakes

The average middle class wealth is higher no where else in the world
than it is in the US. Ditto quality of life.

?? meaningless terms. i realize that rush tells you to say this to
keep your 'idiot' card, but if you lose your health insurance because
unemployment's 10%, what's your 'quality of life' then?.

and middle class incomes in europe are on a par with those in the US
and have kept pace with ours as well over the last 30 years. we just
dont have the safety net they do, having chosen, instead, to insulate
the rich from the results of their greed.

The answer is jobs. Re-vitalize the US manufacturing sector. Institute
tariffs on anything
imported.

tariffs don't work. they never have.

If people have to pay twice as much for an inferior product, they will
cut back on buying the product. Simple math. If the family only has
$1000 to spend on "stuff" after taxes, utilities and morgage, jumping
the price to $600 from $300 just means they will buy less.

you saying we can't make inferior products here? why do you think
toyota cleaned GM's clock? toyota was run by engineers who knew how to
make cars. GM waas run by accounts who thought about margins and
profits for their richest shareholders.

tariffs protect only the rich. what we need is a NAFTA like agreement
on minimum wages and benefit standards for working people so that we
dont compete on the way to get to the bottom the fastest.


keynesian economics saved the US from a 2nd 30's style depression.
friedman's monetarism caused the collapse

Not sure it has ever worked out, cite one example where people live as
well as Americans and have practiced keynesian.

germany. the UK. sweden. how many examples you want?