I can see you’ve been “thinking”. Keynes theory of solving economic problems is for the government to spend money in various ways to create prosperity. FDR used this theory in the 1930’s depression, but unemployment continue for a decade until people were put to work for war production in 1942. The Keynesian theory of government spending has continued by both Democrats and Republicans since the 1960’s.

The Von Mises’ theory says you can’t spend your way to prosperity by piling up large government deficits that you never intend to pay off. Von Mises said, let the free market decide. If a company can’t survive, it should go out of business. That you can’t have a little of both.

Obama is following Keynesian theory. Even worst because they’re buying bad debts. The free markets are at a stand still. Private business is not producing. Government is running the economy. It wouldn’t work for Russia and it won’t work for America. The two theories are diametrically opposed to each other. Private business produces products, government doesn’t. Government’s job is to protect the people by overseeing private industry, which they haven’t been doing. What do you think?

I don't think either theory offers an immediate solution. . .and I don't think that Obama is following solely the Keynesian theory. Take a look at how the Japanese rose from economic disaster - without having a war. Interesting.
I don’t pretend to have the answer – just noting that conditions are not the same as when these ‘theories’ were developed – and the ‘thinkers’ in the Administration – who represent a diverse ideological basis, have quite a challenge. Whatever comprises a road to recovery will require great sacrifice and commitment on the part of the American people, regardless of their political persuasion.
If Conservatives were honest, the Bush administration did not follow the principles of Conservative economics. Do you agree?

I absolutely agree that the Bush Adm. was awful. That’s why I voted for Ron Paul. You’re right, it’s too late for either theory to work. Too much debt and other problems. Are you saying Obama is following Japanese economy policy? Japan has been in economic decline for more than 10 years. They had a real estate bust in the 1990’s and their stock market dropped from 40,000 to 8000 today. But Japan was better off than the US because they had much less debt, and kept unemployment down by producing goods they sold to the US keeping a positive balance of payments. Our balance of payments is negative because we consume and don’t produce.

I agree conditions are different than in the 1930’s, they’re worse. Then we had a balanced budget and a very little debt. We also backed the dollar with gold which capped politicians spending according to the amount of gold backing. Now the only cap on spending is impending bankruptcy if foreign banks and investors decide to stop buying our worthless treasury bonds. If low interest rates don’t rise on the bonds they will stop. If interest rates rise, US interest on the debt will become too large to sustain other costs of government. The US is damned if they do and damned if they don’t. If the US can’t sell enough bonds and decide to just print money, the ballgame is over. The Obama administration didn’t create our 11 Trillion debt, but if they keep spending they’re adding to it. They must reduce expenditures and increase production. What do you bet the politicians won’t do this?

They must reduce expenditures and increase production.

What's that song? You can't do one without the other Old line politicians didn't do this - but there is light at the end of the tunnel IF we spend to increase production ON OUR OWN SOIL WITH OUR OWN PEOPLE - and keep the monies made by Americans for Americans. I think the younger generation sees the reality of this - and they are willing to sacrifice and put forth the the effort to make something like this work. The ones who will scream and yell that the sky has fallen are the 'politicians' and the corrupt CEO'S who will not see a beneficial profit line for the few.

The difficulty is paying off our debt to those on foreign soil. (We may be the ones who will have to plead for debt relief this time around - in order to benefit the global economy.) Some here are still viewing this problem as a left/right thing - but this is a survival thing IMO.

I don't think the Obama administration is using the Japanese policy - but I hope they are taking a look at some of the elements of it that may benefit the thinking on what we might do given our set of circumstances.

I just think that the solution will not be found by placing blame for our predicament on 'others' - and giving up and saying the sky is falling. A large part of the solution will be in the psychological attitude of the American people. I think the US will be out of its comfort zone for some time to come - but the younger generation is up to the challenge. I just hope that those in my generation who find ‘change’ so hard to digest will help the young instead of hindering their efforts.
Loved Ron Paul!

Thats a great idea, Davids mom. I think I will follow barry's selection for Treasury Secretary's example and just not pay my taxes.
That should cure most of my financial woes.

IMF Informed Geithner on Taxes

"Timothy Geithner, whose nomination as Treasury secretary has been delayed by his past failure to pay taxes, was repeatedly advised in writing by the International Monetary Fund that he would be responsible for any Social Security and Medicare taxes he owed on income he earned at the IMF between 2001 and 2004."

Amazing how barry can still back this guy with a straight face. This was no innocent mistake, it was a deliberate choice to not pay income taxes.

Fred.. DM is locked into the ideolgy of the far left... She is not going to change..
When the world goes to h___ soon she will be the one knocking on the your door for food..
Lemmings all.. The cliff is fast approaching and no amount of yelling will turn their tide...
OBAMA comes...

On of the greatest things to come out of this historic conflict was the invention of SPAM, my granddaddy raised us on this delictable staple, you could fry it, grill it, boil it, eat it raw, yum.... Hope yall hungry, if were lucky well still have a few cents left each week to get a pack of crackers to spread it on. And best yet it last for years on the shelf. Better stock up yall, there is a storm fast approaching on the horizon....BLESS.

I think the dinasours found Spam already here when they first emerged. You can't kill that stuff--it was around long before we discovered the wonders of soy. I can remember as a struggling young housewife deciding to try to doctor Spam up as you would a ham, brown sugar, syrup etc. It was still Spam. I used to say you could bake it, fry it, grill it, slice it, chop it or grind it and it would still be Spam. And believe me I tried each of those methods. Someone talked me into trying it again a few years ago--and you know what? It was still Spam and was probably a can that had been around lo, those many years ago. I felt like Scarlet when I stated "As God is my witness I will never eat Spam again" I hope the economy recovers before I have to eat my words, and, God forbid Spam.. For all you Spam eaters, enjoy, enjoy!

Spam fried sandwiches.. yuummm..
What type of animal is a spam anyway?

The light at the end of the tunnel is a train and it stops for no one...

It is soybeans ground up with vegetables.

Good stuff and its not irradiated, just pop a top and enjoy, low fat too, so all the fat kids will slim up when the power goes out for the last time and they have to play the real vice city game...SURVIVAL OF THE FITTEST.. No more rockband or guitar hero ehh. Just see who can go out and gather firewood or rummage through the empty citys and streets of suburbia in search of. For the citys will be the next wastelands, as soon as the powergrid goes down...GOD BLESS US ALL...

You do what your exalted intelligence directs you to do. Have a great day! Was it Joe the Plummers'deliberate choice not to pay his taxes? You, of course, have creditable insider information. Please keep sharing this knowledgable insight with us.

You, of course, have creditable insider information. Please keep sharing this knowledgable insight with us.

Hey Davids mom - who was your grammer teacher???

Your English teacher would be proud! (Correct spelling - not grammar) Oops - I think it's a typing problem for you - (grammer/grammar). Just maybe that's my problem too?

The IRS sent Joe's tax bill to the wrong address.

Timmy Geithner signed an official domument acknowledging that he knew that he was getting reimbursed by the government specifically so that he could pay his taxes using the reimbusement. In effect, it was no cost to him at all. But no, to Timmy got greedy and elected to keep the reimbursement all for himselves.

barry's administration: Gypsies, Tramps, and Thieves.

In effect, it was no cost to him at all. But no, to Timmy got greedy and elected to keep the reimbursement all for himselves.

Check again O'Great One. Timmy paid the taxes. Who was your English teacher?

Timmy paid the taxes only after the gubment came after him for them.

He didn't pay them voluntarily like he was supposed to.

the R's are gonna roll over on it and vote him in.

You are correct.. they will roll over.. play dead..
Hands across the asle and all that..

Even a stopped clock is right twice a day.

Chuckles and giggles all the way to the funny farm I am...