Verified answer

Misplaced blame compounded with gross lack of credible knowledge of Industrial and Technical Economic information makes a loose cannon ever more dangerous.

The generic challenge in the US is the naive indifference toward basic economic principles and financial reality. How else could people be convinced that a $50,000 house is worth $300,000?

The house costs $25,000 to build, Sells for $50,000. It is only worth what physically does. It provides a dwelling to raise a family. This is not a cash cow to speculate on dubious derivatives.

Check the chronology. This madness predates President Obama. Mr. President does have the responsibility of resolving the economic terrorism of the previous administration. President GW Bush and Vice President Cheney perfected the methods of making money disappear into the special interests secret hiding places.

Do you also think Governor Sarah Palin should be Commander In Chief?

You obviously do not understand either what Keynesian means and/or how the government works.

Most economist believe that Keynes was right including Regan's and both Bush's economic advisers. It is taught in most American universities as the best explanation for the business cycle.

The FED controls the money supply not the president so he cannot "destroy the value dollar", only the FED can do that by creating too much money.

If you want to post your uninformed opinion you should use the politics category where no one expect people to have any knowledge about the subjects the are posting on.

Its not just a matter of agreeing with meg. There are way to many people who write utter nonsense, with no real understanding. I doubt this guy and 90% of the people on here who through keyne's is name can even contextualize keynsian economics is. Most people don't understand what it is, what its criticism of it is.

I have to agree with Meg. During times of economic downturn the economy has to be stimulated.