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Is Obama a Keynesian?
I was checking to see how many people knew what I meant.
We are smarter than we used to be:
20 Answers
- Anonymous1 decade agoFavorite Answer
Essentially yes, which is why his economic ideas have failed on a massive scale. Keynesian ideas were dead and buried before O brought them back.
- Mister2-15-2Lv 71 decade ago
Read the book Meltdown it's about year and a half old. Great read if you like economic. It was written by one that seemed to be from that school, and way he painted Obama believe he is not a follower of that type of economics. Not sure were my copy went or would give complete title and author. The sweet heart deals to companies and financial institutions he not only continued from Bush but added to gave me that impression. Did not read the book to find out school of economics followed by Bush and Obama so just giving my general impression.
- Anonymous1 decade ago
If he is, he did not learn anything though.
Keynes showed the flow of money though the economy. The problem is that as money was pumped in without consideration on how long it would stay in the economy before it was spent on Chinese Made Products.
Source(s): Whiskey - 1 decade ago
Yes, he believes in Keynesian economics, as do most politicians on both sides of the isle.
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- Anonymous1 decade ago
Keynesian economics. Doesn't that require governments to accrue money during good times so they could spend it during a recession.
With the Democrats it is more like out of control spending in good times and bad.
- John J. SLv 71 decade ago
Actually he is a lawyer and a loose interpretationalist (as opposed to Robert "Midnight Massacre" Bork. And again history will prove theat the conservatives freaked and killed the recovery by stopping government intervention just before the proper moment, thus prolonging the recovery.
- Anonymous1 decade ago
Perhaps a neo Keynesian. However he has long ago demonstrated that he largely believes in utilizing market forces to achieve his aims. Health care reform and even the proposed crap and trade were both market oriented.
- Anonymous1 decade ago
i heard that obama wasn't born here. so i searched around and found out that it might be true. he hasn't produced his original birth certificate for all to see, just a re-print. when they find out this is true what will the CIA do next? what good is the constitution of the united states of america if we don't adhere to it.
Article II, Section 1, Clause 5
Source(s): i heard that obama wasn't born here. so i searched around and found out that it might be true. he hasn't produced his original birth certificate for all to see, just a re-print. when they find out this is true what will the CIA do next? what good is the constitution of the united states of america if we don't adhere to it. Article II, Section 1, Clause 5 - 63vetteLv 71 decade ago
He seems to be.
Too bad that model does not really work and he doesn't know any better.
- Anonymous1 decade ago
He denies it, but he definitely seems to be by his policies.