re: #668 jcm

Coolidge, Kennedy, Reagan, Clinton, Bush.
Cut marginal tax rates and the economy and tax revenues increased.

Hoover, Roosevelt, Carter, did the opposite and both decreased.

Which path is Obama on.

Kenynes recommends moderate deficits to economic stimulus, this is Kenynes ++.

To the contrary. Keynes recommends a total system flush, so to speak, that we haven’t even conceived just yet.

And no, I don’t believe C, K, R, C and B faced this particular set of circumstances; although, if they had, they might have chosen a very different path than the one Obama’s administration has chosen.

Keynes, to me, fails to pass the test of common sense. Piling on new debt may heat up the financial corpus, but it will not heal it.