No. of Recommendations: 0

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 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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.