Is Obama a Keynesian?

[tpfkaw]

http://www.youtube.com/watch?v=_23Nt5XumaU&feature=player_embedded

[Frink]

Not really, no.

Most of his economic advisers are monetarists.

[Free Palestine]

More like a Kenyesian, amiright?

[useful idiot]

We're all Keynesians now...

[Eraserhead]

Despite being confused about what the term meant, their conclusion was accurate. He is not much of a Keynesian, unfortunately.

[Marokai Backbeat]

What Eraser said.

[Roemerista]

We're all Keynesians now...

Its only a question of what degree.

[fezzyfestoon]

We're all Keynesians now...

But yeah, funny and unsurprising video.

[Vepres]

At heart, I think he is, but political realities get in the way.

[Landslide Lyndon]

Whenever the conversation is about Obama and his economic policies, I'm reminded of Teddy Roosevelt's quote about William Howard Taft: "He meant well. But he meant well feebly".

[Frink]

For Obama himself; I wouldn't doubt that he subscribes to some form of "New Keynesianism" that evolved out of the diluted Neo-Classical synthesis Keynesianism that emerged from American Neo-Classical economists adapting Keynes to better fit their models (which were subsequently shattered with the advent of stagflation) in the fifties.

[Grumpier Than Uncle Joe]

I thought he was Kenyan? 

[FEMA Camp Administrator]

Yes, he's a Keynesian because he believes in government stimulus to jump start the economy.

[Frink]

Yes, he's a Keynesian because he believes in government stimulus to jump start the economy.

Monetarists, "Supply Siders", and modern Neo-Classical "Keynesians" also believe in that.

[RJEvans]

Well he implemented one of the largest Keynesian policies in American history, but I don't think the degree of which is enough to call him Keynesian. In such times, I think any President, Republican or Democrat would of done the same.

[opebo]

We're all Keynesians now...

Its only a question of what degree.

Really no, almost no one in power is Keynesian anymore, to any meaningful degree.

[Badger]

<sigh> When people start extolling the glories of a flat tax and generic "sure, we can cut government expenditures by over half", methinks its time for a reality refresher course.

https://uselectionatlas.org/FORUM/index.php?topic=122358.msg2610786#msg2610786

[🐒Gods of Prosperity🔱🐲💸]

raising taxes in a recession is not Keynesian.

[Badger]

raising taxes in a recession is not Keynesian.

Which is why Obama cut taxes--markedly--NOT raised them.

[🐒Gods of Prosperity🔱🐲💸]

raising taxes in a recession is not Keynesian.

Which is why Obama cut taxes--markedly--NOT raised them.

since then he's raised taxes with the health care bill, and he's wanted to raise them on those making over 250k.

[Badger]

raising taxes in a recession is not Keynesian.

Which is why Obama cut taxes--markedly--NOT raised them.

since then he's raised taxes with the health care bill, and he's wanted to raise them on those making over 250k.

The excise tax on high cost health insurance plans isn't set to kick in until 2018. Certainly plenty of time for the recession to end by then, no? Also leaving aside the semantics of whether continuing Bush's temporary tax cut is a tax increase or not---and ignoring the whole fallicy of thinking tax cuts and meaningful deficit reduction can be reached no matter how much Republicans swear they demand both---said tax increases are not passed yet.

Again, Obama cut taxes, not raised them.

[🐒Gods of Prosperity🔱🐲💸]

raising taxes in a recession is not Keynesian.

Which is why Obama cut taxes--markedly--NOT raised them.

since then he's raised taxes with the health care bill, and he's wanted to raise them on those making over 250k.

The excise tax on high cost health insurance plans isn't set to kick in until 2018. Certainly plenty of time for the recession to end by then, no? Also leaving aside the semantics of whether continuing Bush's temporary tax cut is a tax increase or not---and ignoring the whole fallicy of thinking tax cuts and meaningful deficit reduction can be reached no matter how much Republicans swear they demand both---said tax increases are not passed yet.

Again, Obama cut taxes, not raised them.

there are several new taxes in the health care bill, though admittedly they mostly don't come into effect until 2013.
reversing a tax cut that has been in place for a decade is a tax increase. do you think reversing the Reagan tax cuts would also not be a tax increase?
did Obama cut taxes? yes, initially he did, for a couple years. but those tax cuts are soon to expire also, and we are not out of the economic slump yet. 

[Badger]

raising taxes in a recession is not Keynesian.

Which is why Obama cut taxes--markedly--NOT raised them.

since then he's raised taxes with the health care bill, and he's wanted to raise them on those making over 250k.

The excise tax on high cost health insurance plans isn't set to kick in until 2018. Certainly plenty of time for the recession to end by then, no? Also leaving aside the semantics of whether continuing Bush's temporary tax cut is a tax increase or not---and ignoring the whole fallicy of thinking tax cuts and meaningful deficit reduction can be reached no matter how much Republicans swear they demand both---said tax increases are not passed yet.

Again, Obama cut taxes, not raised them.

there are several new taxes in the health care bill, though admittedly they mostly don't come into effect until 2013.
reversing a tax cut that has been in place for a decade is a tax increase. do you think reversing the Reagan tax cuts would also not be a tax increase?
did Obama cut taxes? yes, initially he did, for a couple years. but those tax cuts are soon to expire also, and we are not out of the economic slump yet. 

So Obama cut taxes. Good we can agree.

[Frink]

raising taxes in a recession is not Keynesian.

Most of the "benefits" for the average person/business in the stimulus was done through tax cuts.