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View Diary: Austerity Kabuki (250 comments)

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  •  try to answer the question (12+ / 0-)

    instead of looking into a mirror. the new deal worked. deficit spending got us out of a deep depression. when has austerity ever worked?

    The cold passion for truth hunts in no pack. -Robinson Jeffers

    by Laurence Lewis on Sun Jan 06, 2013 at 11:10:00 AM PST

    [ Parent ]

    •  There was that time when Germany (1+ / 0-)
      Recommended by:

      enslaved and plundered most of Europe. The resulting austerity in the conquered countries improved the German economy.

      Same thing for the Greeks, French, and Mongols when Alexander, Napolean, and Genghis Khan implemented austerity.

      Wait. Are you talking about just the dealings of a single nation? That would be different, then.

      The Internet is just the tail of the Corporate Media dog.

      by Jim P on Sun Jan 06, 2013 at 12:13:39 PM PST

      [ Parent ]

    •  The new deal did work up to a point. (0+ / 0-)

      World War II made it hard to know if it would have been sufficient to finish the task.

      When did people on this site become such big proponents of supply-side economics?  I thought you guys were a bunch of Not-the-Reagans?

      Here's a hint:  Pouring money blindly into the economy will have some trickle-down benefit, but we are already so far in that relying on dumb-luck to help millions of people who have suffered more than enough so that you can play out your agenda is just cruel.

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Sun Jan 06, 2013 at 12:22:56 PM PST

      [ Parent ]

      •  wrong again (8+ / 0-)

        deficit spending is demand side economics. my opening paragraph calls it a demand crisis.

        and world war ii WAS deficit spending. that's how we financed the war. take out the war and use similar spending on infrastructure and green tech, and the economic results will be the same. meanwhile, europe is using austerity, and the results are uniformly disastrous.

        here's a hint: no one is talking about pouring money blindly anywhere. you don't even understand the concept of trickle down. you literally have it backwards. trickle down means giving tax cuts to the wealthy, cutting corporate regulation, and then hoping that creates jobs. it's exactly what we did from reagan through bush. it doesn't work. stimulus, on the other hand, means direct job creation, which trickles up. and it also means not cutting benefits from people who need them.

        The cold passion for truth hunts in no pack. -Robinson Jeffers

        by Laurence Lewis on Sun Jan 06, 2013 at 12:35:14 PM PST

        [ Parent ]

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