.

The Greatest Economists of the 20th Century

Agreed that you Stimulate Your way Out of a

Recession

.

.


Solutions to The Deficit

Stimulus or Austerity

(Part 1)

.

The  Outstanding Success of

The Obama Stimulus

.

.

Why Stimulus Works

&

Austerity Doesn’t

.

The Obama Stimulus cost $787 billion.

Our national debt is @ $15 trillion.

A 5.2% one time addition to our debt.

.

.

Under Obama & his Stimulus

Job growth went from -800,000 to +300,000

GDP went from -8.9% to +3.9%. = +12.8%

.

Millions of jobs

created millions of taxpayers

& the GDP expanded.

Taxes paid by those with jobs

REDUCE the deficit

year after year after year…

.

Everything was working until

*The Stimulus ran out

*The Austerity/Banksta Republicans

won the House of Representatives

&

*Obama, himself, put more focus on

austerity instead of stimulus

.

.

Republican blocked virtually every

stimulus/jobs growth plan.

&

Had to be dragged kicking and screaming

for even a payroll tax cut

.

********************

.

Let’s see what happens to

the deficit

when Banksta/austerity

gain even more control.

.

.

Examples – Austerity as a Solution

The European countries in economic trouble.

Portugal, Ireland, Italy, Greece, & Spain

.’

.

Ireland’s “free market” economy was

the goal of every Banksta in America.

The Baking Industry had “captured government”

Regulators were no where to be found.

Then Something Hit the Fan

.

.

Ireland was the first country to impose

The Austerity Solution

.

The Deficit

Exploded Higher

.

Ireland Government Debt To GDP

.

Ireland’s unemployment rate exploded

from 4.6% in 2008 to 14.3% today

..

IRELAND with Austerity

A 311% INCREASE in Unemployment

A 433% INCREASE in Debt to GDP

.

In Hard Economic Times

Austerity = More Debt

..

.

More Examples

The Other 4 Troubled European Countries

who have adopted the austerity solution.

All have

Debt to GDP ratios that are still exploding higher

All  have unemployment still exploding higher

For data on these countries see this LINK

.

Next Blog – Common Sense works, Regulated Banking works, When Austerity works, Those plutocrats that don’t give a damn, but say they do – More Solutions.

FINIS


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