If you don’t know what Keynesian Economics is, let me break it down. Back in the 1930’s there was an economist who said that the reason we had a depression was that we did not spend ENOUGH.
This goes contrary to modern economists who say that FDR’s New Deal actually deepened and lengthened the Great Depression.
Of course, because Republicans were in power, and because the economy turned south, the current administration says that we cannot follow the old rules. We must be bold. We must spend MEGA money regardless of the short term deficit. In short, we must be Keynesian.
There is no talk, of course, about the notion that the liberals in congress strong-armed lenders into giving loans to very risky people. As a result, they inflated the housing market to the extreme and it all cam crashing down.
I want you to go watch this video, posted by our friends at the Jawa Report. It says it all, with regards to explaining Keynesian ideas and what is about to happen if we don’t put pressure on congress to stop this idiotic spending bill.
(WARNING: There three parts, each is long, and it includes the commercials… D’OH!)
God help us.
The revolution is at hand. Will you be a leader or a follower?