Quote:
Originally Posted by linemanpaul
To the optimists, please answer a few questions about "The Obama Plan
The Economy
Give an example of any Government Agency that can break the cycle, since Government Agencies are the ones that allowed this crippled economy to occur
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the obvious answer would be "the new deal" from the great depression, though i understand some hardcore libitarians have issues with that analysis. it is certainly the mainstream view in economic thought.
keynesian economics, which is highly capitalist in nature, determines that the best way to escape from a depression or "bust" is for government to increase spending. this is also the mainstream view of economics. it's true that government allowed the current situation to occur, but so did businesses. infact businesses paid politicians to decrease regulation and precipitate this quagmire.