[lbo-talk] We are all Keynesians again; Republicans know austerity will harm GDP; that's what they want to do.

[c b]

We are all Keynesians , again, Krugman and the Republicans, too.
We know Republicans want to cut social programs to hurt the 99%, but
it is more than that. Contrary to their declaration that they want to
get the budget deficit down to help the economy boost GDP, get an
economic boom going, they actually want to cause recession to the
whole "economy" , cut GDP. as well, not just cut welfare
The Republicans, as the leading and open representatives of the
big bourgeoisie, 1%, want bad economies, and not just to make Obama look bad.
One capitalist kills many. The monopoly game is won in recessions when
winners buy up losers cheap. Also, high unemployment puts downward
pressure on wages. Finally, the bourgeoisie want lots of people poor,
messed up struggling, because in that state they cannot unite, organize
and fight back. They are too busy trying to survive, fighting each
other, hustling,dog eat dog.Today especially the Republicans in
Congress are purposefully trying to wreck
the economy to the extent the federal government influences the whole
economy.  Same with the Snyderites in Michigan, etc.
They know austerity will hurt the economy. Krugman tells them ,but
they already know it. It is just that they want recession, reduced
GDP, higher unemployment, less consumer spending. They _are_
Keynesians, but they apply his principles in reverse - to use
government policy to cause recession, depression, not economic
recovery.

 Keynes's theory is that increased government spending during a
recession helps to end the recession, because it puts more money into
the hands of the mass of consumers who then spend it , which spending
increases business sales and revenues, which is what ends recession.
The Republicans are trying to cause the reverse: cut mass spending and
cause recession. Why ?  Because One capitalist kills many, and big
killings are made when big companies fail, and there are more failures
in economic depression.  To the victors, the "One capitalists" that's
creative destruction. Republicans are the chief representatives of the
"one" capitalists.