Well…it has been some sort of a day and much busier than I like but I did get to see T for lunch so that made it a little better…I was going to do a political one but I cleaned up the papers and don’t feel like digging them out again….oh, there is one thing that I wanted to talk about…with all of the budget cutting and hatred of any stimulus for the economy by the repubs, we are seeing exactly what Keynes predicts…that is that with the federal, state, and local cuts that have taken place, the economy is slowing down…exactly what the repubs were trying to do to make sure that Obama is not reelected. Never mind that it is hurting the country, the repubs are all about winning the political battles no matter what the cost is…one of the most Un-American things I have seen in my lifetime….and shame on them….how do you sleep at night?
Tag Archives: Keynes
This could be “I told you so”….
Well…if you’ve been here before, you might just remember that during the debt ceiling nonsense I was consistently quoting Keynes that cutting spending and worrying about the deficit in a time of recession or near recession would result in the economy going back to contraction. Guess what happened? Spending was cut and the economy is going back into recession just as Keynes and I predicted. What I don’t understand is that while we all know that proper economic thinking is beyond the repubs, Obama should know better and should have the backbone to call the nonsense for what it is…ignorance and willfull stalling of the economy by the repubs for purely political purposes. I am so disappointed in his going along with something that he knows is wrong for political purposes of his own that no one from either the left or right can understand. I am losing confidence that Obama has the political skill to frame the argument that the one class that needs to be taken care of is those of us in the middle who have paid and are still paying for the repub policies that Obama went along with and now, he has allowed Social Security to be dragged into the deficit debate when everyone knows that SS is solvent for at least the next 25 years and has never added one penny to the deficit.
President Obama: please grow a spine and call the repubs for what they are….a wholly owned subsidiary of business and the rich…