Oh, the angry trolllies are out in force today! None understand how the economy works, yet they demand that their austerity solutions be implemented at the same time austerity has demonstrated complete and total failure (as predicted by those who understand macroeconomics) by sending the EU back into recession.
I'm glad to see the President has radically changed his negotiating tactics to finally reflect an understanding that there are sensible, historically successful, solutions to our problems and instead of accepting a slate of republican plans to compound our problems, he is hitting them over the head with those sensible solutions.
These ideas don't solve ALL the problems, to be sure, but they are a great start. And in the meantime, maybe a few republicans who use a calculator to do math will come around. There have been two sides on the macroeconomic playing field and right now the fresh water, Friedman, Randians have been routed over the last few years by the Keynesians - starting with the "bubbles? there is no housing bubble! bubbles are impossible!" and up through the double-dip in Europe.... wrong on every count. It's time for the adherents to republican economic dogma pack it in as it's really, seriously embarrassing.
Read the Article at HuffingtonPost
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