I challenge all Obama supporters. Support his Keynesian economics plan with empirical research! There is none.
I offered research. You have none. I am rational. You are irrational. Reason, logic and fact all trump leftwing feelings.
Obama will fail. It is a mathematical and logical impossibility that raising taxes on Corporations, small businesses (LLCs that make more than $250K), the wealthy, energy and capital gains will not increase unemployment rates and decrease economic growth –all while spending us into record astronomical debt through a false Keynesian perpetual motion machine.
The ignorant stupid child-like unthinking masses have been fooled by the Metrosexual Multicultural Marxist Messiah, but the progressive-caused economic destruction will bludgeon the mindless sheep people (Obama supporters) into reaccepting free markets once again. Most ignoramuses will eventually learn when clubbed in the face by the horror that economic redistribution cuases. However, dogmatic liberals will remain, like cockroaches, and they must be continually stepped on and exposed to the light of rational thought and reason. Let progressive cockroaches return to hiding in the dark cracks, where they belong…
Complex thinkers know that are some absolute truths. Non-complex progressive feelers believe everything is relative and should, therefore, reach a moderate equilibrium. However, socialism is a cancer, and beyond the minimal inoculation needed, the host will eventually succumb to black-diseased Government oppression.
Societies do not need moderate amounts of rat poison, child molestation or socialism cancer. Societies thrive when individuals are guaranteed unalienable personal liberties, which are then coupled with economic freedom. Free people, free markets and free minds are symbiotically healthy.
Government caused the Great Depression (<link>): I prefer the Austrian and Chicago schools’ explanations: Even Keynes feels the cause was nonintervention, not capitalism.
· Friedman, Bernanke, Greenspan and others think the Fed’s inappropriate monetary tightening caused the depression. “Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve… we did it. We're very sorry." – Fed Chair, Bernanke
· Of course, the Chicago and Austrian schools of economics, and the neoclassical economists from institutes such as Harvard and Oxford (including many Nobel Prize winners), and both the current and former chairmen of the Federal Reserve all contend that Roosevelt actually prolonged the economic devastation during the great Depression with his Keynesian policies. <link>
· Franklin D. Roosevelt primarily blamed the excesses of big business for causing an unstable bubble-like economy. Democrats believed the problem was that business had too much money, and the New Deal was intended as a remedy, by empowering labor unions and farmers and by raising taxes on corporate profits. Research proved Roosevelt was wrong about both the cause and cure. Read research from Hayek, Friedman, Bernanke and many others.
· According to Murray Rothbard, government intervention delayed the market’s adjustment and made the road to complete recovery more difficult.
· Recent work from a neoclassical perspective focuses on the decline in productivity which caused the initial decline in output and a prolonged recovery due to government policies. These studies were collected in Kehoe and Prescott 2007.
· Of course Obama ignorantly promises to enact similar policies that had prolonged the depression