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Author: Ryan68 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2002  
Subject: Re: So, how about that Date: 8/23/2011 9:41 PM
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I'm *pretty* sure that Keynes would have advocated more...


Okay. But as a thought experiment let's assume it is possible for the Keynesian Theory to be incorrect. What percentage would have to be spent on infrastructure for you to say it was tried and failed? Why didn't the Keynesians in the administration get it right?

Keynesians advocate tax cuts, too, so I'm not entirely sure why you want the debate to drift toward the inadequacy of infrastructure spending. Seems slightly akin to data-mining...

Are you taking the Krugman route that Keynes is the 'answer' that's never been tried?

In any event, they had - fair or not fair - their one whack at the Keynesian pinata, seems unlikely they'll get another and that hardly seems the fault of anti-Keynesians.

I do agree - though I know your comment was aimed at CoL - that president's tend to get more blame and more credit then they deserve.

That being said, Obama got everything he went for his first two years and if things were going well he'd be doing a victory lap. They're not going well...you don't think the president, whoever it is, is going to come in for criticism? I think even at today's lows in approval ratings, that Obama isn't too far from where Reagan was at this point. Purely talking about poll numbers here, because Reagan did have a stronger recovery - again, fair or unfair to credit him or not - going for himself heading into the next election cycle.
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