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Lv 5
? asked in Politics & GovernmentPolitics · 8 years ago

Are conservatives aware that many economists support Obama's policies?

Update:

@pdooma, did they? I heard GWB acted and got R supprt regardless of financial advise

Update 2:

@ you're welcome-yeah, I'm sure the higher echelons of gov pick their employees willy-nilly, eye roll. Even if they do play favorites at th top, the people there still had to get an educational degree to be there

Update 3:

@ jacob, Yes, I've heard that & feel that way about the god concept.

It would be interesting to see if there were companies in place to take over if GM & Chevy had been allowed to fail. But I don't think the employees would find it 'interesting'. More info would be needed to take that 'leap' of faith'.

17 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

    it's often interesting to see how cons talk about economics... they seem to usually imply that all economists agree on everything and those points of agreement agree with conservative ideas...

    when in fact, there's quite a bit of disagreement among economists...

    cons also do this with the founders... and again... there was quite a bit of disagreement among those as well...

  • 8 years ago

    It is true that any economist do support Obama's policies. But just because everybody believes one thing does not mean that it is real. At one point in history, everybody believed that the world was flat or that the sun revolved around the earth. What many economists believe as true economic principal is known as the Keynesian School of Economics. This is what we and countries around the world have been practicing for decades. It is the reason that bailout money was given to Fannie Mae and Freddy Mac and that is why the stimulus bill was put into effect. It basically says, if your economy is not doing well, you haven't put enough money into it. The dangerous thing is that people call this capitalism. Keynesian thought is not capitalism, but we see that it fails so people push for socialism.

    The policy that should be in place is the Austrian School of Economics and it's main advocate F.A. Hayek. This basically says that you should leave the economy alone as much as possible. We should have let the market work itself out by letting GM and Chevrolet fail. This process would allow for smaller businesses to rise up and take their place. The analogy that I like is comparing the economy to a wild fire. It is a natural process for little wildfires to take place to clear out dead material and allow for new growth. If you take measures to stop these wildfires, then when you do have fires, it will be a very large and destructive fire. If you let businesses fail then that will make way for new businesses. And we can avoid these large economic crashes like we have been experiencing.

    Just because everyone believes something, it doesn't mean it's correct.

  • jo
    Lv 5
    8 years ago

    They still live in their alternate universe. When David Gregory asked Paul Ryan about closing loopholes, he had nothing. For example, the big Oil Companies get Billions of dollars in subsidies from the taxpayers and we purchase their gas. Congress doesn't have the guts to cut them off because of campaign donations. We, the people need that money back in the budget. So their economic policy is austerity for the middle class, cut their programs to balance the budget and reduce the deficit.

  • pdooma
    Lv 7
    8 years ago

    That's fine.

    Many economists also supported the Dot Com bubble of the 90s and the housing bubble of the 00s.

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  • 8 years ago

    Yes, that's why they hate him. They want the economy to get worse and for the country to be destroyed. If they had it their way, the US would have collapsed in 2009 and the history textbooks would say John McCain was the last president of the United States.

  • Anonymous
    8 years ago

    Yes.

    They're called Keynesians.

  • 8 years ago

    I'm pretty sure that there aren't defined standards as to what makes you an economist.

  • Anonymous
    8 years ago

    Yeah , the freaky Lib economists that write them.

  • Anonymous
    8 years ago

    i cant see how that would matter to them. Economists are educated, and Conservatives hate education, and disbelieve anyone capable of spelling their own names

  • 8 years ago

    Conservatives think that an economist is only legitimate if he worships the Laffer Curve.

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