Is Obama A Keynesian?

by 1389 on November 11, 2011

in 1389 (blog admin), Barack Hussein Obama, economy, FAIL, government spending, humor, sovereign debt, UK

Weapons-grade lollage for those in the know!

Rally For Sanity, 10/30/10

Uploaded by on Nov 1, 2010

It’s a reasonable question.
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©2010 The Second City Inc./Andy Cobb
Based on a concept by Michael Damanskis with Marc Warzecha and Mark Kienlen.
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What’s a Keynesian, anyway?

Voters and taxpayers need to know why Keynesian economics is EPIC FAIL. Obama’s “stimulus” left us with a huge deficit and did NOT restart the economy.

“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

Uploaded by on Jan 23, 2010 is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.

Visit us at

In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it.

Get the full lyrics, story and free download of the song in high quality MP3 and AAC files at:

Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site:

Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.
**Charging Bull© Arturo DiModica, 1998

Fight of the Century: Keynes vs Hayek Round 2

Uploaded by on Apr 27, 2011

“Fight of the Century” is the new economics hip-hop music video by John Papola and Russ Roberts at

According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?

In “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What’s the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity?

Keynes and Hayek never agreed on the answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”!

Starring Billy and Adam from

Visit for the full lyrics.

The next video describes Keynesianism from Keynes’ own point of view:

Keynesianism Part I – It’s All About Spending

Uploaded by on Oct 24, 2010

Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a government step in to replace private activity in order to maintain full employment and restore lasting economic growth? What is a liquidity trap and what does it mean for the economy? What did Keynes really mean by “in the long run, we’re all dead”?

In this EconStories mini-documentary, we explore the foundations of Keynesian economics with Keynes most famed biography, Lord Robert Skidelsky.

In the next episode, we’ll dig deeper into some of the most controversial aspects of Keynesianism including the notion that ditch digging or world war could provide a pathway to economic recovery and prosperity.

Hayek on Keynes

Uploaded by on Jun 9, 2009

Friedrich Hayek discusses Keynes and his influence on a Britain facing economic difficulties.

For Hayek’s critiques of Keynesianism see his book; A Tiger by the Tail: The Keynesian Legacy of Inflation which can be found in PDF at:

The Pure Theory of Capital can be found at the same above link as Tiger by the Tail.

This is an excerpt from a longer interview which can be found here:

Any more questions?

{ 2 comments… read them below or add one }

1 Ralph Lynn November 12, 2011 at 2:39 pm

A Keynesian? Yep, it fits. Add that to Gramscian Globalist Communitarian and you’ve got trouble.

Same here on this side of the Atlantic. Wretched suits gnaw away at our common law, our liberty and our wealth. Entrepreneurialism is thwarted, industry hobled, then eviscerated, but the state still grows. It’s boom time for the Obsolete*.

Now, in the year I realise I’m conservative, there’s no representation; it’s a fringe philosophy. Not just with the movers and shakers, their flunkeys and mouthpieces, but sadly, amongst the electorate.

Blogs is all there is!

*I wish

2 Rich Vail November 14, 2011 at 12:02 am

Not so much a comment as a track back…

Thanks for finding the videos…I’ve posted them on my blog with a link back here.

Rich Vail
Pikesville, Maryland
The Vail Spot dot Blogspot dot Com

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