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Old 07-12-2011, 09:43 AM   #2
bitonti
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Join Date: Apr 2003
Location: Philly
Posts: 38,786
keynesians blame no jobs on supply side economics

supply siders blame no jobs on keynesians

here's the truth:

the gov't doesn't create jobs. what happened in 2008 is way larger than Keynes and Milton Friedman or R vs D. it was a bust of multi-decade proportion and saying it's Bush's recession or it's Obama's recession is vast oversimplification.

each side is scrambling to blame each other but don't forget it was a team of republicans lead by Paulson/Bush that installed the Keynesian bailout, because it was literally the only tool they had left in their tool box.

blaming the politicians for the economy is like blaming the head coach for the performance of his players. Coaches require talent, Presidents require economic fundamentals, they can't just create these things out of thin air.
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