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IS OBAMA KEYNESIAN, OR IS HE FROM AUSTRIA?
Updated November 3, 2010
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IS OBAMA KEYNESIAN, OR IS HE FROM AUSTRIA?
November 3rd, 2010, 07:41 AM
Philly, Pa
Legendary Market Wizard
Experience: Master
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Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
November 3rd, 2010, 09:43 AM
Toronto, Ontario
Experience: Advanced
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Broker: IB, IQfeed
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Yes, I laughed hard when I first saw this.
My personal favorite was the guy near the end who understood it was an economic question and not a birther question.
But he was still unsure whether there was enough evidence to label Obama a keynesian!
November 3rd, 2010, 09:59 AM
Berlin, Europe
Market Wizard
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You really can't know everything.
I was not aware that they are growing tea in Alaska either.
November 3rd, 2010, 10:25 AM
Toronto, Ontario
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That german humour shining through...
Fat Tails
You really can't know everything.
I was not aware that they are growing tea in Alaska either.
November 3rd, 2010, 10:48 AM
In the heat
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tigertrader
Saw this as well and laughed out loud.....to bad more people dont at least understand the difference between Austrian and Keynesian......agree or disagree, at least you know enough to make an informed decision.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
November 3rd, 2010, 11:31 AM
Berlin, Europe
Market Wizard
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Maybe this helps to make a decision, who is Austrian or Keynesian:
YouTube - "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
November 3rd, 2010, 04:11 PM
las vegas
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Sadly, the responses were not remotely surprising.
November 3rd, 2010, 06:54 PM
Portland Oregon, United States
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
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Obama is from Coroporatia.
The Tragedy of the Obama Administration | The Big Picture
Quoting
This was the environment in which the President came into office. What did he do in this scenario?
• He appointed two of the architects of the crisis to major White House economic positions: Lawrence Summers as CEA Chair, and Timothy Geithner as Treasury Secretary.
• He made the enormous tactical error of focusing on Health Care Reform, while the banking crisis was still in full flower.
• He failed to marshall adequate resources to respond to the worst economic recession since the Great Depression.
....That opportunity was squandered, and Obama ended up as a defender of the banking status quo. It is where his presidency could have achieved lasting greatness, and instead was turned into just another elected official, who over promised and under delivered . . .
Now What? - Clusterfuck Nation
Quoting
On Tuesday, when the Republican Party and its Tea Party chump-proxies re-conquer the sin-drenched bizarro universe of the US congress, they'll have to re-assume ownership of the stickiest web of frauds and swindles ever run in human history - and chances are the victory will blow up in their supernaturally suntanned, Botox-smoothed faces. But don't cry for John Boehner, Barack Obama.
The President and his Democrats may have inherited this clusterfuck from the feckless George Bush but they flubbed every chance to mitigate any part of it, ranging from their failure to restore the rule of law in banking (by prosecuting the executives of major banks who oversaw the systematic swindle), to mis-directing our dwindling resources toward ends (such as "shovel-ready" new super-highways) that won't promote a credible future for this society, to misleading the public in the fantasy that alt-energy will offset the disruptions of peak oil (and allow us to keep running suburbia, the US Military, and WalMart by other means).
It's really too late for both parties. They're unreformable. They've squandered their legitimacy just as the US enters the fat heart of the long emergency. Neither of them have a plan, or even a single idea that isn't a dodge or a grift. Both parties tout a "recovery" that is just a cover story for accounting chicanery and statistical lies aimed at concealing the criminally-engineered national bankruptcy that they presided over in split shifts.
Last Updated on November 3, 2010