Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Let’s go back to what works

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, December 5, 2012 12:00 am | Updated: 8:01 am, Mon Dec 10, 2012.

Keynesian economics fill two vital functions in an up-and-down economy. In the "up" cycle, the government pays down the debt and limits borrowing so the private sector can do its thing.

Our Republican friends cut taxes, borrow money and funnel our grandchildren's cash to the uber-wealthy. Witness what Ronald Reagan, George H. Bush and George W. Bush did as opposed to what Bill Clinton did.

In a "down" cycle, the government borrows money and makes needed investment in our infrastructure. This increases aggregate demand and primes the pump in our economy. Our Republican friends cut taxes, borrow money and funnel our grandchildren's cash to the uber-wealthy.

The real genius is that there are things the private sector can or will not do that are vital to the progress of our country. Keynesian economics is a beautiful system that allows individuals and companies in the private sector to fly on the "up" cycle and allows us to do the necessary things that have to be done to advance and maintain a decent civilization on the "down" cycle. It worked wonders and created the biggest middle class the world has ever seen, before Ronald Reagan and "supply side economics."

Why should we not go back to what worked so well for 50 years? You have to ask your Tea Party or conservative Republican friends, for they seem to like this economy they created with their economic ideas.

John Lucas

Lodi

Comments have been disabled.

Recent Comments

Posted 10 hours ago by Jien Kaur.

article: Letter: We should not look to governmen…

Mr Mork - do you have a real and true understand of the benefits to avail the unemploy in United States? You comments say a big no. May y…

More...

Posted 11 hours ago by Ed Walters.

article: Semi-truck hauling grapes overturns at …

Big rigs taking off ramps to fast equals ---- what else but an over turned big rig, plus a driver looking for another job. Slow down and a…

More...

Posted 11 hours ago by Kevin Paglia.

article: Letter: Thanks for the discussion on th…

M. I posted this down below but it may be buried in all the since comments. I showed your response on a biker page and the unanimous res…

More...

Posted 12 hours ago by Kevin Paglia.

article: Letter: Thanks for the discussion on th…

I showed your response on a biker page and the unanimous response was that you may have rode a bike, but most assuredly did NOT get it. A …

More...

Posted 13 hours ago by Eric Barrow.

article: Letter: We should not look to governmen…

Thanks Jien you do clear things up in regards to Darrell and his utopian view of the East.

More...

Video

Popular Stories

Poll

Loading…

Your News

News for the community, by the community.

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists