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	<title>Economic Trends Journal &#187; Comrade Obama</title>
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	<link>http://economictrendsjournal.com</link>
	<description>a journal on the economy</description>
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		<title>The Disease Affecting America is Truth</title>
		<link>http://economictrendsjournal.com/blog/the-disease-affecting-america-is-truth/</link>
		<comments>http://economictrendsjournal.com/blog/the-disease-affecting-america-is-truth/#comments</comments>
		<pubDate>Mon, 31 Aug 2009 17:12:24 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Marxist-Fascist Economic Trends]]></category>
		<category><![CDATA[Comrade Obama]]></category>
		<category><![CDATA[fascism]]></category>
		<category><![CDATA[Marxist]]></category>

		<guid isPermaLink="false">http://economictrendsjournal.com/?p=1164</guid>
		<description><![CDATA[Inoculate Yourself Against the Marxist-fascist Parasites This is the important question for Americans you can experiment with the economy of the state but will you experiment with your own life and that of your family? It appears Americans are doing just that, yielding to the sleep of words from the teleprompter mouth piece of the [...]]]></description>
			<content:encoded><![CDATA[<h2><span style="color: #000080">Inoculate Yourself Against the Marxist-fascist Parasites</span></h2>
<p>This is the important question for Americans you can experiment with the economy of the state but will you experiment with your own life and that of your family?</p>
<p>It appears Americans are doing just that, yielding to the sleep of words from the teleprompter mouth piece of the State surrendering body and soul to the sickness of a man’s radical ideology because he sounds so reasonable, is so articulate and attractive and willing to break from the past and provide a transparency to government so that all could have firsthand knowledge of pending legislation.</p>
<p>So all could participate in changing America, into a new society where all could participate in the redistribution of wealth.  A man who promised openness in the White House, who promised to do away with politics as usual and bring all stake holders into the discussion so that he could bring fundamental change to America.</p>
<p>In the first six months of his administration we have found that his words were, a means to a communist end. Or rather Americans just misunderstood him because the ambiguity in context of traditional terms of American values and the constitution, which Comrade President Obama took an oath to protect, would cut towards prosperity, openness freedom and liberty but his words were a cover for his Marxist-fascist sickness.</p>
<p>Freedom and liberty are for the State to provide on behalf of the PARTY members and media cling-ons who hope to participate in PARTY hierarchy by providing political propaganda news coverage in the main stream media.</p>
<p>Americans are not given time to read bills as promised, but are met with hostility when asking for an explanation and reasoning behind pending legislation, they are called names effectively categorizing them into groups of dissidents rather than respecting them for the power they allow their representatives to yield.</p>
<p>Obviously, Comrade President Obama is a fraud.  He is sick and carrying within him his philosophic madness, fully intending to infect all Americans by either direct contact or through the air waves.</p>
<p>The administration’s “Green Jobs” czar, Van Jones, himself stated in a 2005 interview his environmental activism was a means to fight for racial and class “justice,” and that he was a “rowdy black nationalist,” and a “communist.”  How can Americans expect to get back to work in an severely weakened economy with communists running the government, putting the American economy in massive debt from which there is no recovery.</p>
<p>As Americans wake up in a state of illness, menatlly stressed that sickly thinkers are in charge of their destiny, that their health consisting of freedom of choice and liberty from PARTY dictates, is now so infected with a disease so devastating they wonder if they and their families will survive this mental viral contagion now being administered in monumental doses by the State run media.</p>
<p>In weakness, or reversion having taken stock of this morbid condition that will push America into obscurity from a place when in times of good health the spirit of pride in the accomplishments of this nation and the freedoms it has created by sacrificing the blood and treasure of its citizens, one remembers to look with a sharper eye at the intrinsic foundation, at their own inner strength that this illness is a calamity brought on by hitherto unhealthy thoughts.</p>
<p>The unconscious disgusting ideology governed by mountains of misunderstandings from media outlets that provide the voice of the Messiah are being seen from a sick bed as the root cause of this illness from those delirious few who have awakened to the facts.</p>
<p>Either the body constitution of all classes, colors and creeds recognize that the infection being wrought upon American society will kill it, as it is now dying with symptoms of unemployment, nationalism, home foreclosures, bank failures, and  run away government spending people must get up off their death beds and answer one question.</p>
<p>What is the worth of existence if on the whole such Marxist-fascist parasitic affirmations historically proven to murder their very host, be allowed to gain full control of the one country in the world that promotes and provides a beacon of freedom and liberty for all peoples?</p>
<p>If her people were to lie down powerless with a disease of their own making and allow their constitution and sovereignty to be taken given a premonition of the end of days, with their will exhausted by impoverishment, would there not be one man willing to go forth and venture on the judgment that what has been considered “truth” is the very root and cause of this infection.</p>
<p>Man must have the courage to follow his suspicions about truth to their ultimate conclusion and if answers are sought and withheld or given but masked in political jargon then the only cure is inoculation that will kill the Marxist-fascist parasite for the collective health of all peoples, races and mankind in general.</p>
<p>It is high time for the Marxist-fascist parasites to be rooted out and eliminated before the host is killed.</p>
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		<title>From Taxation to Totalatarianism</title>
		<link>http://economictrendsjournal.com/blog/from-taxation-to-totalatarianism/</link>
		<comments>http://economictrendsjournal.com/blog/from-taxation-to-totalatarianism/#comments</comments>
		<pubDate>Tue, 05 May 2009 16:05:01 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Marxist-Fascist Economic Trends]]></category>
		<category><![CDATA[American enslavement]]></category>
		<category><![CDATA[Comrade Obama]]></category>
		<category><![CDATA[comrade president obama]]></category>
		<category><![CDATA[totalitarianism]]></category>

		<guid isPermaLink="false">http://economictrendsjournal.com/?p=713</guid>
		<description><![CDATA[Unsustainable Debt to Implement Enslavement then Totalitarian Rule Comrade President Obama is worried about funding his massive totalitarian restructuring of America through massive social spending programs to addict Americans to government welfare.  As the unemployment numbers continue to mount government spending is essential for the enslavement of America to government&#8217;s free lunch.  MSNBC&#8217;s YouTube video [...]]]></description>
			<content:encoded><![CDATA[<h2><span style="color: #000080">Unsustainable Debt to Implement Enslavement then Totalitarian Rule</span></h2>
<p><em>Comrade President Obama is worried about funding his massive totalitarian restructuring of America through massive social spending programs to addict Americans to government welfare.  As the unemployment numbers continue to mount government spending is essential for the enslavement of America to government&#8217;s free lunch.  MSNBC&#8217;s YouTube video makes no mention of the impact to corporations loss of revenue from further taxation considering that America&#8217;s corporations pay the highest taxes in the World MSNBC the propaganda arm of the Administration is in league with the President in promoting totalitarianism.<br />
</em></p>
<p><em>Borrowing planned by the US is not sustainable at the levels necessary to fund Obamas nationalization program with current deficit spending at $157 billion per week, there is a major slowing in the purchase of American debt.  This financial problem has not put a glitch in Obamas plans to reform America into a socialist paradigm, because corporate America&#8217;s profits are there for the taking! </em></p>
<p><em>With a majority in congress and filibuster proof majority in the Senate Comrade President Obama is not beholding to any one group but to his ideology of government control, and what better excuse than deficit driven policies fueled by taxes to sustain borrowing to fund unemployment benifits for America and Mexico, medicare, medicade, prescription drugs, social security, auto manufacturing subsitites, bank bailouts, insurance company bailouts, green energy programs, wind energy, cap and trade taxes, global warming taxes, to name just a few. </em></p>
<p><em>The assualt on American property rights and ownership is just beginning and has not been fully developed yet nor felt yet by the public.  The media is acting like the propaganda arm of the government and has lost all objectivity in 90% of the reporting. The American children of the corn are following their apocolyptic scare crow and through blind faith are walking into enslavement of current and future generations of all Americans.<br />
</em></p>
<p><a href="http://www.americanthinker.com/blog/2009/04/china_slashes_new_purchases_of.html" target="_blank">In the first quarter of 2008, the Chinese </a>purchased $153.9 billion US Treasuries funding a massive 74.7% of our $205.9 billion in deficit spending for that period.  In the first quarter of 2009, the Chinese purchased a net $7.7 billion US Treasuries funding a mere 2.7% of our $276.3 billion deficit for the period.</p>
<p><em>Comrade President Obama realizes that his ambitious Marxist-fascist programs for Americans cannot come about unless he is able to place obligations on Americans that require immense taxes to fund debt obligations in the trillions.  With China and other nations signaling the pulling away from investment in US  government securities, Comrade President has only one other option, tax corporate America&#8217;s overseas profits.</em></p>
<p><em>The Stock market of late may be signaling a recovery but the full impact to America of the massive debt placed to fund totalitarian programs, has only been heralded by a few news stations but it will be more devastating to America than any atom bomb a terrorist could ever explode on our soil.  The taxation programs are only just beginning to be thought up by Comrade President Obama for implementation by congress and signature by our Comrade Commander.</em></p>
<p><a href="http://www.google.com/hostednews/ap/article/ALeqM5ihw0W878uYYeujPpzhbvS4KaOz9QD97VOAKG1" target="_blank">Michael Liedtke</a> reported a mere 13 hours ago that, President Barack Obama&#8217;s plan to impose U.S. taxes on corporate America&#8217;s overseas profits threatens to open a big crater in the financial statements of technology companies.</p>
<p>While additional taxes are rarely popular, Obama&#8217;s decision to go after corporate earnings outside the United States is a particularly prickly subject for technology executives because the industry has been steadily boosting its overseas sales amid rising demand for its gadgetry and services.</p>
<p>If Obama&#8217;s proposal becomes law, the hard-hit companies would include tech bellwethers like Hewlett-Packard Co., IBM Corp., Cisco Systems Inc., Microsoft Corp. and Google Inc. Each of those companies realized a benefit of more than $1 billion from lower foreign tax rates in their most recent fiscal years &#8211; an advantage that could lost if Obama is able to change the rules.</p>
<p>&#8220;It would be like an earthquake for high tech,&#8221; said Carl Guardino, chief executive of Silicon Valley Leadership Group, an industry trade association. &#8220;On a Richter scale of 1 to 10, this would be a 12.&#8221;</p>
<p>Collectively, HP, IBM, Cisco, Microsoft and Google lowered their tax bills by a combined $7.4 billion in their last fiscal years by taking advantage of lower tax rates outside the United States, according to an analysis by The Associated Press.</p>
<p>Through the years, these five tax companies have avoided U.S. income taxes and foreign withholding taxes on a combined $72 billion in undistributed earnings from their foreign operations.</p>
<p>While Obama&#8217;s proposal might not tax all the money U.S. companies keep overseas, it apparently would target a big chunk. Obama estimated his plan would raise a total of $210 billion, or an average of about $21 billion annually, over a 10-year period.</p>
<p>By reinvesting their earnings overseas, U.S. companies insulate themselves from much higher tax rates had the money been made in their home country.</p>
<p>Google, for instance, would have been hit with an effective tax rate of 45.2 percent instead of 27.8 percent last year if it hadn&#8217;t been able to capitalize on lower rates overseas, according to the Mountain View-based company&#8217;s annual report. Without the lower foreign rates, Google&#8217;s 2008 tax bill would have been $1.02 billion higher. Google&#8217;s income before taxes totaled $5.85 billion last year.</p>
<p>Obama has been strongly supported so far by Google CEO Eric Schmidt, who campaigned for the president last year and has subsequently served as a technology adviser.</p>
<p>Google spokesman Adam Kovacevich said Monday it was too early to evaluate how Obama&#8217;s tax proposal might affect the Internet search leader&#8217;s operations because the idea is likely to be revised as it wends its way through Congress.</p>
<p>HP reaped a $1.77 billion benefit in its fiscal 2008 from lower foreign tax rates while Cisco and Microsoft each saw benefits of more than $1.6 billion, according to the companies&#8217; annual reports. IBM&#8217;s foreign tax advantage last year totaled about $1.3 billion.</p>
<p>The high-tech industry isn&#8217;t the only beneficiary from the current tax rules. General Electric Co., for instance, lowered its effective tax rate by nearly 27 percent last year by keeping profits outside the United States. That saved the company more than $5 billion in potential U.S. taxes.</p>
<p>And offshore earnings enabled drug maker Johnson &amp; Johnson to lower its effective tax rate by 12.4 percentage points last year, saving about $2 billion.</p>
<p>Obama reasons that U.S. companies will create more jobs in the United States if there is less of an advantage to setting up operations overseas.</p>
<p>But Guardino disagrees, maintaining that high-tech firms and other U.S.companies are establishing more foreign offices to take advantage of their biggest growth opportunities. And as they bring in more revenue overseas, companies are also able to hire more workers in the United States as well as in other countries, Guardino said.</p>
<p>As it is, Google already generates more than half its revenue outside the United States and that percentage is expected to increase as more people around the world go online and gravitate to the company&#8217;s services.</p>
<p>If they face higher taxes on their foreign earnings, high-tech companies will be at a competitive disadvantage that will discourage them from expanding their payrolls, Guardino said.</p>
<p>By coincidence, Guardino and about 50 Silicon Valley executives had already scheduled a trip to Washington this week. Guardino said the group plans to focus on meeting with lawmakers to explain why Obama&#8217;s idea to tax overseas profits would do more harm than good.</p>
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		<title>Economic Terriorism the Price of Hope and Change</title>
		<link>http://economictrendsjournal.com/blog/economic-terriorism-the-price-of-hope-and-change/</link>
		<comments>http://economictrendsjournal.com/blog/economic-terriorism-the-price-of-hope-and-change/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 16:08:21 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Marxist-Fascist Economic Trends]]></category>
		<category><![CDATA[Comrade Obama]]></category>
		<category><![CDATA[Economic Terrorism]]></category>
		<category><![CDATA[Obamas Lies]]></category>

		<guid isPermaLink="false">http://economictrendsjournal.com/?p=532</guid>
		<description><![CDATA[No More Lies Mr. President! Comrade President Obama told the American public that he would not nationalize banks.  Now when a large bank tries to payback with interest its TARP funds he won&#8217;t allow it. Americans and any recovery need to be based on trust.  This is the way American markets have worked since inception [...]]]></description>
			<content:encoded><![CDATA[<h2><span style="color: #000080">No More Lies Mr. President!</span></h2>
<p><em>Comrade President Obama told the American public that he would not nationalize banks.  Now when a large bank tries to payback with interest its TARP funds he won&#8217;t allow it. Americans and any recovery need to be based on trust.  This is the way American markets have worked since inception of the original thirteen colonies.  With a Government warranty of GM products as if it is the car manufacturer taking an active role in the management by terminating its CEO, how can the public and market place develop trust in a government that is actively attacking American financial and manufacturing institutions?</em></p>
<p><em>Obviously, government will not allow these institutions to fail, and so will pour billions and billions more into them because that is the only technical ability of government, to spend other people&#8217;s money.  There is no moral compass at the head of Congress or the Executive branch, as honesty and egocentric authority and irrational behavior appear as the new norm.  These are not principals of recovery but those of fascism.</em></p>
<p><em>The US government has raised FDIC insured deposits to $250,000 this guarantee is taken seriously by the nation&#8217;s depositors.  Now that these new government insurance levels have been created people feel their deposits are safe.  Few people realize that the FDIC is broke, the only way to pay off depositors is to create money out of thin air there is nothing backing up this insurance but the printing press.  The FDIC is making a broken promise to Americans.</em></p>
<p><em>In the coming depression the FDIC will be called upon to pay off depositors worthless obligations in deflated real estate investments.  It appears the Treasury Secretary and Fed Chairman are already facing this crisis but have not told the American public how severe the problem is at present. <a href="http://www.reuters.com/article/marketsnews/idINN0747118320090407?rpc=33" target="_blank"> The last thing the Treasury wants to do is set off a panic. </a><a href="http://www.reuters.com/article/marketsnews/idINN0747118320090407?rpc=33"></a></em></p>
<p><em>America&#8217;s new IOU debt obligations for the trillions borrowed by foreign governments, individual bond holders, and banks at this time are so great, that as the crest of the economic tsunami breaks toward depression, Comrade President Obama&#8217;s administration will see its tax revenues contract even further.  Treasury Secretary Geithner and Fed Chairman Bernanke will be hard pressed to pay the interest on this debt, let alone principal payments.  This same situation is amplified by all the other nations of the world that have bought into the risk of motivating their economies on government capital inflows into both the public and private sectors with more debt.  America&#8217;s annual debt is at GDP levels, its loan to value ratio will be negative by the end of the year.  Other countries are in a worse position!</em></p>
<p><em>When sovereign nations begin to default, which we are predicting will happen later this year,  the international cost of borrowing will jump or possibly stop all together.  The Fed is purchasing toxic bank debt at 10 cents on the dollar, or <a href="http://www.nakedcapitalism.com/" target="_blank">$100 billion guarantee for $1 trillion</a> exposure.  It is no longer a non-partisan player but an active participant in using monetary policy to further a partisan Marxist-fascist agenda on behalf of the Administration. </em></p>
<p><em>How will the pieces get picked up by the American people when the crashing wave of debt crumbles upon the economy and the only people who can bring innovation, talent and ability to resolve catastrophe, are shackled with so much government regulation, taxation, and control that they are immobilized and can only sit by and wait for their inflated welfare check, which will be taxed!</em></p>
<p><em>By the time congress and the Marxist-fascist administration changes by elections, if the ballot boxes have not been filled by democrat sponsored Gestapo tactics, getting government off the backs of Americans will be four years off.  Until government sponsored economic terrorism is destroyed in America and the full potential of the American people is unleashed, there can be no recovery, only a small parasitic government induced growth that will suck the life force from the economy to sustain itself, through taxation.</em></p>
<p><em>The private sector has always lead America out of every recession and built the strongest economy in the world, but only when government has gotten off its back and out of the way.</em></p>
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		<title>When Has Ideology Trumped History?</title>
		<link>http://economictrendsjournal.com/blog/when-has-ideology-trumped-history/</link>
		<comments>http://economictrendsjournal.com/blog/when-has-ideology-trumped-history/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 16:23:00 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Marxist-Fascist Economic Trends]]></category>
		<category><![CDATA[Comrade Obama]]></category>
		<category><![CDATA[fascism]]></category>
		<category><![CDATA[fascist]]></category>
		<category><![CDATA[ideology]]></category>
		<category><![CDATA[Marxist]]></category>
		<category><![CDATA[tax increases]]></category>
		<category><![CDATA[taxation]]></category>

		<guid isPermaLink="false">http://economictrendsjournal.com/?p=333</guid>
		<description><![CDATA[Obamas Keynesian American Experiment Last night on his sixty-third day in office, the President proved he could take powder puff punches from the press as he played rope-a-dope in front of the American public.  He had to be in the public ring because the American&#8217;s are not buying into tax and spend redistribution of wealth [...]]]></description>
			<content:encoded><![CDATA[<h2><span style="color: #000080">Obamas Keynesian American Experiment</span><em><br />
</em></h2>
<p><em>Last night on his sixty-third day in office, the President proved he could take powder puff punches from the press as he played rope-a-dope in front of the American public.  He had to be in the public ring because the American&#8217;s are not buying into tax and spend redistribution of wealth proposals he and his team are putting forth.  He answered reporters&#8217; questions and knew details of programs.</em></p>
<p><em>What he did not do, and it appears everyone missed this, is explain why this Keynesian economic program will work?  Keynesian economics like liberalism from which it takes its principals has never worked.  What President Obama and his team are attempting to do is make private enterprise into non profit entities with salary caps for the executives and mass unionization for employees.  How do you expect this economic model to succeed Mr. President?  Oh, no one asked him this question!</em></p>
<p><em>I am sick and tired about hearing the ambitious agenda President Obama is proposing, when there is no thought as to how or why it will work.  Government is a parasite that cannot survive without business.  Yet government spends more money than business is capable of producing and it is borrowing from future generations to implement this socialist agenda to make it happen.</em></p>
<p><em>Unless the full capability of the American capitalist is unleashed there can be no recovery.  President Obama promises to cut government programs that are not working but how can a tiger change its stripes?  He is implementing Keynesian economic theory as an experiment when America needs a proven strategy that has worked in the past.</em></p>
<p><em>Lets take a look at the Keynesian economic theory:</em></p>
<p><em>During the Great Depression, classical Keynesian theory defined economic collapse as lost incentive to produce and unemployment was caused only by high non-adjustable wages.  Keynes, will resist wage reductions.</em></p>
<p><em>If wages and prices are falling, people would obviously expect them to fall. The Public&#8217;s perception of the economy spiraling downward would cause those who had money simply wait as falling prices made it more valuable-rather than spending. Deflation would make normal debts more valuable as the price of the dollar would rise.</em></p>
<p><em>Keynes contended that demand for goods might be insufficient during economic downturns, leading to unnecessarily high unemployment creating a loss of potential output. Keynes argued that government policies could be used to increase aggregate demand, thus increasing economic activity and reducing unemployment and deflation.</em></p>
<p><em>Keynes&#8217;s theory suggested that active government policy could be effective in managing the economy. Rather than seeing unbalanced government budgets as wrong, Keynes advocated policies which acted against the tide of the business cycle.  Namely deficit spending when a nation&#8217;s economy suffers from recession when recovery is long-delayed and unemployment is persistently high-and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays.</em></p>
<p><em>Keynesians policies peaked in the 1960s, when it seemed to many that prosperity was now permanent. However, the economic problems of the 1970s, this modern liberal economic theory fell in disfavor. During this time, many economies experienced high and rising unemployment, coupled with high and rising inflation; Keynesian theory had no solution for this complex  economic problem. The government application of free market incentives by deregulation promoting anti-recession, anti-inflation, debt abhorrence policies appears to be contrary to Keynesian policy. This dilemma led to the end of the Keynesian near-consensus of the 1960s, when the economy entered stagflation with high gasoline prices of the 1970&#8242;s.</em></p>
<p><em>The application of Keynesian policy has never been tried during a recession/depression its tenants only work during boom times and it may be the root cause of recession which is why it was proven not to work just 40 years ago in America.</em></p>
<p><em>Last night on his sixty-third day in office, the President proved he could take powder puff punches from the press as he played rope-a-dope in front of the American public.  He had to be in the public ring because the American&#8217;s are not buying into tax and spend redistribution of wealth proposals he and his team are putting forth.  He answered reporters&#8217; questions and knew details of programs.</em></p>
<p><em>What he did not do, and it appears everyone missed this, is explain why this Keynesian economic program will work?  Keynesian economics like liberalism from which it takes its principals has never worked.  What President Obama and his team are attempting to do is make the private enterprise into non profit entities with salary caps for the executives and mass unionization for employees.  How do you expect this economic model to succeed Mr. President?  Oh, no one asked him this question!</em></p>
<p><em>I am sick and tired about hearing the ambitious agenda President Obama is proposing, when there is no thought as to how or why it will work.  Government is a parasite that cannot survive without business.  Yet government spends more money than business is capable of producing and it is borrowing from future generations to implement this socialist agenda to make it happen.</em></p>
<p><em>Unless the full capability of the American capitalist is unleashed there can be no recovery.  President Obama promises to cut government programs that are not working but how can a tiger change its stripes?  He is implementing Keynesian economic theory as an experiment when America needs a proven strategy that has worked in the past.</em></p>
<p><em>Lets take a look at the Keynesian economic theory:</em></p>
<p><em>During the Great Depression, classical Keynesian theory defined economic collapse as lost incentive to produce and unemployment was caused only by high non-adjustable wages.  Keynes, will resist wage reductions.</em></p>
<p><em>If wages and prices are falling, people would obviously expect them to fall. The Public&#8217;s perception of the economy spiraling downward would cause those who had money simply wait as falling prices made it more valuable-rather than spending. Deflation would make normal debts more valuable as the price of the dollar would rise.</em></p>
<p><em>Keynes contended that demand for goods might be insufficient during economic downturns, leading to unnecessarily high unemployment creating a loss of potential output. Keynes argued that government policies could be used to increase aggregate demand, thus increasing economic activity and reducing unemployment and deflation.</em></p>
<p><em>Keynes&#8217;s theory suggested that active government policy could be effective in managing the economy. Rather than seeing unbalanced government budgets as wrong, Keynes advocated policies which acted against the tide of the business cycle.  Namely deficit spending when a nation&#8217;s economy suffers from recession when recovery is long-delayed and unemployment is persistently high-and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays.</em></p>
<p><em>Keynesians policies peaked in the 1960s, when it seemed to many that prosperity was now permanent. However, the economic problems of the 1970s, this modern liberal economic theory fell in disfavor. During this time, many economies experienced high and rising unemployment, coupled with high and rising inflation; Keynesian theory had no solution for this complex  economic problem. The government application of free market incentives by deregulation promoting anti-recession, anti-inflation, debt abhorrence policies appears to be contrary to Keynesian policy. This dilemma led to the end of the Keynesian near-consensus of the 1960s, when the economy entered stagflation with high OPEC gasoline prices of the 1970&#8242;s.</em></p>
<p><em>The application of Keynesian policy has never been tried during a recession/depression its tenants only work during boom times and it may be the root cause of recession which is why it was proven not to work just 40 years ago in America.</em></p>
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