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Sorry, CNN, We're Not Going to Stop Talking About the Russian Collusion Hoax "No Autopsy Can Restore the Democratic Party’s Viability" RIP Ozzy "Trump floats 'restriction' for Commanders if they fail to ditch nickname in favor of Redskins return" "Virginia Governor’s Race Heats Up As Republican Winsome Sears Does a Hard Reboot of Her Campaign" "We Hate Communism!!" "Mamdani and the Democratic Schism" "The 2nd Impeachment: Trump’s Popularity Still Scares Them to Death" "President Badass" "Jasmine Crockett's Train Wreck Interview Was a Disaster" "How Israel Used Spies, Smuggled Drones and AI to Stun and Hobble Iran" There hasn’T been ... a single updaTe To This siTe --- since I joined. "This Is Not What Authoritarianism Looks Like" America Erupts… ICE Raids Takeover The Streets AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996] Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment? 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Here Are Receipts" "Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands "Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies" "Left Using '8647' Symbol for Violence Against Trump, Musk" KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel "Trade should work for America, not rule it" "The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP" "How Trump caught big-government fans in their own trap" ‘Are You Prepared for Violence?’ Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible" "Trump signs executive order eliminating the Department of Education!!!" "If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think" "Ending EPA Overreach" Closest Look Ever at How Pyramids Were Built Moment the SpaceX crew Meets Stranded ISS Crew The Exodus Pharaoh EXPLAINED! Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing! Are we experiencing a Triumph of Orthodoxy? Judge Napolitano with Konstantin Malofeev (Moscow, Russia) "Trump Administration Cancels Most USAID Programs, Folds Others into State Department" Introducing Manus: The General AI Agent "Chinese Spies in Our Military? Straight to Jail" Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly Status: Not Logged In; Sign In Economy See other Economy Articles Title: Rob Johnson and Tom Ferguson on the Real Meaning of the S&P Downgrade and the Market Reaction Source: Naked Capitalism URL Source: http://www.nakedcapitalism.com/2011 ... e-and-the-market-reaction.html Published: Aug 14, 2011 Author: Yves Smith Post Date: 2011-08-14 11:32:43 by lucysmom Keywords: None Views: 5283 Comments: 8 Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3. #1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) lucysmom  posted on  2011-08-14   11:34:14 ET  Reply   Untrace   Trace   Private Reply   #2. To: lucysmom (#1) "Classic Keynesianism" is how we got into this mess. Giving everyone who's not already on the dole, a government job, isn't going to fix it. Hondo68  posted on  2011-08-14   12:12:20 ET  Reply   Untrace   Trace   Private Reply   #3. To: hondo68 (#2) "Classic Keynesianism" is how we got into this mess. Nope. Keynesianism is how we got to the point where we had a surplus in 2000. What got us into this mess was the counter-Keynesian approach by Bush and the GOP who cut taxes and drastically increased spending during an economic expansion. Keynesian theory says to cut spending and deficits during expansion. Had Bush & the GOP maintained or even expanded the surplus, we would have been in a very strong position to deal with the 2008 crisis. go65  posted on  2011-08-14   12:16:41 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 3. #7. To: go65 (#3) Keynesianism is how we got to the point where we had a surplus in 2000 No... We had a surplus because: A.) The GOP rammed welfare reformed down Clinton's throat B.) The GOP rammed a capital gains tax cut down Clinton's throat jwpegler  posted on  2011-08-14 17:15:29 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 3. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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