In response to:

Obama Is Not a Deficit Hawk. He's Just a Keynesian

Ronald Reagan Fan Wrote: Feb 13, 2013 4:37 PM
Calling a president a Keynesian is an insult-big time-to his intelligence as in "he has no intelligence". Keynesian economics is stupid period like Keynes himself. Nixon bragged he was a Keynesian. Even when Milton Friedman wrote editotials explaining just what Keynesian econ is and how stupid it is, Nixon still did not get it. Neither does Obama. Keynesian has never worked and never will.
rauljg69 Wrote: Feb 13, 2013 4:51 PM
Well certainly not as well as supply side trickle down economics. **cough**
psydoc Wrote: Feb 13, 2013 4:55 PM
Trickle down is a name you regressives labeled a good economic policy so you could then denegrate it for years, even though it was very successful, and still is when it is let work.
Rick3767 Wrote: Feb 13, 2013 4:58 PM
Gosh, rafool, the difference is that the supply side worked, and Keynsian never has.
psydoc Wrote: Feb 13, 2013 5:00 PM
It really should be named correctly, trickle-up, as the investor/entrepreneur/business are the last to receive any benefits from the risk/investment they take.
DB07 Wrote: Feb 13, 2013 5:08 PM
The two are not really related.
psydoc Wrote: Feb 13, 2013 5:11 PM
Over at Investors Business Daily, Jed Graham writes about "the deficit chart that should embarrass budget hawks," which shows that the federal deficit has been shrinking in the last two years and is projected to shrink further this year:

Graham writes that the draw-down in federal spending puts a precarious economic recovery at risk. That's certainly a take in line with conventional Keynesian economic analysis - the Congressional Budget Office has similarly projected this year's sequester to knock 0.6% off of projected GDP growth and cost 750,000 jobs by the end of the...