[lbo-talk] [Pen-l] Marxist final exam for Keynesians

Fernando Cassia fcassia at gmail.com
Wed Oct 5 06:54:39 PDT 2011


On Wed, Oct 5, 2011 at 10:39, c b <cb31450 at gmail.com> wrote:
> To
> the anti-Obamaites, did the O Stimulus abate recession and
> unemployment at all ? Would a Stimulus twice as large saved us from
> the current supe-high unemployment rate ? or not ? Three times as
> large ? How precise really is Keynesian science ?

Bullshit. The problem with the "stimulus" is that it was no stimulus at all. It saved the banks. it didn't put any money into taxpayers/consumers' pockets.

The government also didn't engage into a single large scale public works program... the only public spending continued to be the overseas war, which profits a select number of private contractors.

No new roads,no new bridges, no large-scale energy production reconversion. No printing money to put them into the hands of CONSUMERS and no major policy to bring back MANUFACTURING to the US of A. So if you put money in the consumers' wallets as things are right now, they'll buy Made in China goods.

Trying to blame Keynesianism for the current sad state of the US economy is laughable. The POTUS has not engaged in Keynesian economics yet.

FC



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