100% PROOF! Obama is a KEYNESIAN!

[oZma]

[oZma]

This is awesome. 

if you look at the youtube comments.. some say 'na uh, he was born in Hawaii!' haha

[Ms. OBrien CVT]

She strikes me as a little ...

[oZma]

She strikes me as a little ...

I'm curious if you are referring to her message or how she is acting? is it what she is saying or how she is saying it that is looney?

[Ms. OBrien CVT]

A little of both, but mostly the way she is presenting it.

[Sara Thomas]

I got a kick out of this a coupla months back, when I came across it. It's like - "It's okay, we found her."

[oZma]

I got a kick out of this a coupla months back, when I came across it. It's like - "It's okay, we found her."

I'm not sure I understand this? sorry?

[Sara Thomas]

I'm not sure I understand this? sorry?

No need to apologize, Ozma - There are many things I don't understand... but Life is like that sometimes. 

[oZma]

No need to apologize, Ozma - There are many things I don't understand... but Life is like that sometimes. 

I mean is that chick really trying to say Obama is a Kenyan? and an idiot?

[Jamie D]

The young lady in the video present a cogent and convincing argument, and does so in a humorous manner.  Thank you for posting it.

[Jamie D]

I mean is that chick really trying to say Obama is a Kenyan? and an idiot?

National Public Radio, as late as 2010, seemed to think so...



Yet another reason to defund that operation.

[spacial]

Since the views expressed by this young girl are applicable universally, a few comments are in order.

If you take 100s of billions of dollars away from entrepreneurs, job creators, in the private sector, and give it to greedy politicians, that's not going to boost the economy

No, but that assumes that entrepreneurs are job creators and sadly, they are not. It also assumes politicians are greedy and that is a case of voter apathy, not economics.

For example, public works projects require taxes to pay for it and taxes discourage production in the private sector

Not they don't.

In public works projects, we can visable see construction workers working on new highway projects, but we cann't see all the jobs destroyed necessary for the high taxes to pay for the stimulus projects.

Unverifiable claims. The workers build new roads, improving communications so goods can be more easily and cheeply transported therefore stimulating further job creation in the private sector. Moreover, the workers earn a wage which they spend in shops, selling good made by workers and so stimulating the economy.

All that money that was taken form the productive private sector, it typically goes to fund unnecessary and unprofitable projects.

Money from taxation comes from many sources, wages, companies and financial institutions. It has not been demonstrated that the private sector os profitable or that the funded projects are unprofitable. Indeed, the reason the US workers, on average, pay about the same in taxes as those in the UK, (where we have a  state funded health service), is the enormous US military machine that serves little useful purpose other than to entertain a few gung ho Americans giving them a very false sense of security.

Huge spending cuts after WW2 finally got us out of the great depression. From 1944 to 1948 the federal government cut spending by 75%. The average unemployment rate at this time was 3.5%

No, what brought the world out of recession was the enormous stimulus package the US government gave to Europe and Japan. That lead to a rapid regrowth of both areas, leading to more international trade and stimulating the world economy.

But a large number of people were also directly employed by the US military machine at that time, as they were in the UK. The high unemployment came when these people were laid off in the late 40s early 50.

It's sad that seeming intelligent young women like this are having their minds polluted by self centred political types, peddling worn out theories.

Keynesian economics is yesterdays idea, as is capitalism. The only way to progress is with a flat rate, single tax on incomes, another flat rate of companies, all taxes levied at gross, ie, abolish all deductions against tax.

It is the manipulation of taxation that has destroyed economies by raising taxes overall, except for those with the means to claim exemption and the bribery effects.

[oZma]

No, but that assumes that entrepreneurs are job creators and sadly, they are not. It also assumes politicians are greedy and that is a case of voter apathy, not economics.

who are job creators?  the definition of entrepreneur says: commonly described as an individual who organizes and operates a business.  sounds like a job creator? but ill wait for your answer first =)

there are plenty other definitions, but all seem pretty similar. 

For example, public works projects require taxes to pay for it and taxes discourage production in the private sector

I'm not sure the point you make by just saying 'no they don't' but I would argue if you take money away from one person and give to another, it will discourage the original person from being more productive as they don't have as much capital to invest. 

Unverifiable claims.

I think that was kind of her point... you can't see what didn't happen... it's like saying 'if the gov didn't intervene during the great depression, it would have been worse' - OK you can make that claim, but its unverifiabe.  the opposite MAY be true also, but how would you know? it's a thinking point.

The workers build new roads, improving communications so goods can be more easily and cheeply transported therefore stimulating further job creation in the private sector.

This is a good point... but I wouldn't say so much for today... I thank gov for doing all of this in the past, but I think they should pass these kind of things off to private companies.  if you let people make profit and compete to do something... they'll do it most of the time cheaper, faster, and generally better :-)

Moreover, the workers earn a wage which they spend in shops, selling good made by workers and so stimulating the economy.

but to make the claim that just because they make a wage, it will stimulate the economy sounds nice... but I guess that depends on your perspective of what an economy is.  spending/consuming or productivity?  I mean to say, if I hire and pay wages to one person to dig a hole and another to fill it, you could argue that helps the economy because they have wages? you could also argue that a disaster helps the economy by providing jobs to rebuild? I would argue these things keep the economy in the exact same place, never moving forward because no new wealth has been created, only moved around.

this is an example of the broken window fallacy

It has not been demonstrated that the private sector is profitable or that the funded projects are unprofitable. Indeed,

how has this not been proven? solyndra? auto bail outs? gm now makes cars in China! federal flood insurance? there are plenty of examples of gov killing money... but this is all under the assumption that the economy is about productivity, not spending

No, what brought the world out of recession was the enormous stimulus package the US government gave to Europe and Japan.

maybe, but to completely reject it as having no relevance? I would argue that MANY things got us out of the great depression.  the Cato institute gives their perspective here http://www.cato.org/pubs/tbb/tbb-0508-25.pdf if you care to read.  I'm not completely sold on it, but I like Cato a lot :-)

I would also argue that we have had MANY depressions, and recessions... but only one GREAT DEPRESSION and only one NEW DEAL... correlation isn't causation I know, but it's food for thought

It's sad that seeming intelligent young women like this are having their minds polluted by self centred political types, peddling worn out theories.

what worn out theories? Austrian economics?  free markets? capitalism?

and I'm so glad you are taking pity and feeling 'sad' for her polluted mind based on your opinions/theory about economics.. economics is all theory, to say she is polluted for teaching herself a theory that makes sense to her? really? . I'm pretty sure you could have left that part out... she's an adult, let her have her own thoughts and ideas without it being 'sad' or polluted.  I won't call your perspective polluted, please lets be adults

and you say self centered... I don't see that as a bad thing... the more you can help yourself, the more you help everyone.  except stealing and immoral things obvy

It is the manipulation of taxation that has destroyed economies by raising taxes overall, except for those with the means to claim exemption and the bribery effects.

agreed, crony capitalism, or corporationism  and a utterly complex tax system is destroying our county from the inside out

---*
nice chatting with you Angela! I hope we can continue talking! I need more insight into economics and different theories. Talking with people who have different perspectives really pushes me to learn and I appreciate it :-).  I'm thinking about picking up Adam Smith's Wealth of Nations or FA Hayeks Road to Serfdom... maybe even Keyne's General Theory? do you have any suggestions for some brain food?

[Emily Aster]

I got a kick out of this a coupla months back, when I came across it. It's like - "It's okay, we found her."

I like to be a grammar nazi when people use it wrong to call other people idiots.

[peky]

I got a kick out of this a coupla months back, when I came across it. It's like - "It's okay, we found her."

This bimbo girl with her loony-tune, loud prancing is just a dummy, repeating the same old conservative gibberish

The fact remains that President Obama has done more for the LBGT people than all the previous presidents put together..

and the best is just come...

[oZma]

This bimbo girl with her loony-tune, loud prancing is just a dummy, repeating the same old conservative gibberish

The fact remains that President Obama has done more for the LBGT people than all the previous presidents put together..

and the best is just come...

thanks for the ad hominem :-) why does this keep happening?

[spacial]

who are job creators?  the definition of entrepreneur says: commonly described as an individual who organizes and operates a business.  sounds like a job creator? but ill wait for your answer first =)

The job creators are those that need work to be done.

I won't dwell on the rest of your responses. They are interesting, but we could be here forever. I simply picked quotes from the recording.

But, The speaker has made a succession of unverified claims. That is the problem with Capitalism as it was for Socialism. The support for it has become more important than the reasons. Kinda like saying, if you support Capitalism, you support the USA and freedom. Ergo, if you don't you hate America!

Capitalism has become sacred. To criticise it, to alter it to seek to limit it in any way is attacked as heresy. It portrays all opposition as socialism.

It has transformed itself into an opponent of democracy and freedom. Far from raising living standards, it has created a new poor, dependent upon it and devoid of any means of rescuing itself.

It needs reform yet refuses all attempts labeling these as socialism.

[oZma]

The job creators are those that need work to be done.

I won't dwell on the rest of your responses. They are interesting, but we could be here forever. I simply picked quotes from the recording.

But, The speaker has made a succession of unverified claims. That is the problem with Capitalism as it was for Socialism. The support for it has become more important than the reasons. Kinda like saying, if you support Capitalism, you support the USA and freedom. Ergo, if you don't you hate America!

Capitalism has become sacred. To criticise it, to alter it to seek to limit it in any way is attacked as heresy. It portrays all opposition as socialism.

It has transformed itself into an opponent of democracy and freedom. Far from raising living standards, it has created a new poor, dependent upon it and devoid of any means of rescuing itself.

It needs reform yet refuses all attempts labeling these as socialism.

so if an entrepreneur needs to get something done, isn't that a job creator?

and I would argue that capitalism is sacred.... its an extension of a moral philosophy... freedom...

[spacial]

so if an entrepreneur needs to get something done, isn't that a job creator?

and I would argue that capitalism is sacred.... its an extension of a moral philosophy... freedom...

To the first point, perhaps, but when anyone needs to get a job done it is job creation. I hire someone to repair my home, I create his work. But if his work is unregulated I could equally end up being given shoddy or dangerous results. That is the consequence of unrestrained capitalism.

To your second point, unless you can demonstrate the point, it isn't an argument at all, it's a belief.

Given the current collapse in the world economy brought about by a consequence of unrestrained capitalism and under the governorship of some of the strongest supporters of unrestrained capitalism we've even known, not to mention the destruction of two ancient cultures and the deaths of hundreds of thousands, it's a difficult case to argue.

[spacial]

Spacial, capitalism when actually practiced doesn't fail. Bad government policies fail. Check out the story below, yet another example of capital fleeing the U.S. because of terrible punitive tax policy. More and more of these stories are predictably on their way...

http://www.atr.org/high-tax-rate-former-welterweight-champ-a7474

I won't argue the point.

But capitalism needs regulation since it is clearly incapable of regulating itself.