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What Do You THINK about Obama and the ECONOMY??? Answered

Tags:OBAMA

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Oryctolagus habilis

10 years ago

Well, this is Instructables, so I'd rather answer HOW to think about Obama & the Economy. Personally, I like to sit in a homemade cardboard chair with a home-brewed cola cooled in a DIY peltier-exchange cooler watching downloaded news podcast stories on Obama & the economy on a steampunk-modified laptop running on a wireless internet extender made from a coat hanger. When I start to get really worried about money, I check to make sure I at least have have some cash in my duct-tape wallet in my knitted pants made from yarn spun from Angora cat fur.

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Putzer

10 years ago

You could always ask these guys; they've been predicting economic booms and busts since the early 1900s AND you don't really have to know any math to understand them.http://www.mises.org Just whatever you do, don't listen to Keynesians, that philosophy is what got us into this mess.

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PutzerTHE Hippie

Answer 10 years ago

Good question. A Keynesian is a follower of the philiosophy put forth by the "economist" John Maynard Keynes. His economic philosophy has been followed most consistently ever since its inception in the early 1900's. To put simply, it advocates a strong central bank that can print money whenever it wants and circulate however much it wants all the while running a deficit. It also advocates government intervention in the market usually resulting in mercantilism (playing favorites). The only value to the money is their word, which means it is basically credit. This is opposed to the Austrian model which advocates money being backed by hard commodities such as gold and silver and no government intervention.

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PKTraceur

10 years ago

I beleive Obama is the opposite of the Darwinian... laws? Well, if you didnt know, (Edward?) Darwin created the sentence, "survival of the fittest." Now, because we are becoming socialists, stupid people CANT DIE! Well, they can, but its harder. Alot harder. And, this will increases taxes. So, about the time you get hurt, you would've paid about twice as much for half as good healthecare. Yeah, economy sucks.

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NachoMahma

10 years ago

. Obama: Seems OK. Only time will tell. . Economy: It sux.