{"id":4570,"date":"2010-08-30T07:07:06","date_gmt":"2010-08-30T12:07:06","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=4570"},"modified":"2010-08-30T08:11:09","modified_gmt":"2010-08-30T13:11:09","slug":"does-keynesian-economics-work-in-china-but-not-the-usa","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/08\/30\/does-keynesian-economics-work-in-china-but-not-the-usa\/","title":{"rendered":"Does Keynesian Economics Work In China But Not The USA?"},"content":{"rendered":"

On Augist 26, on The Nightly Business Report<\/em>, Susie Charib interviewed Mike Holland<\/strong><\/a>, director, The China Fund.\u00a0 This interview was part of the show’s series on the BRIC (Brazil, Russia, India, and China) countries.<\/p>\n

One of Mike Holland’s first responses included the following:<\/p>\n

The country’s stimulus program worked really, really well. They instituted theirs at the same time the U.S. instituted its stimulus program. Theirs caused a growth in the economy that up until this most recent quarter was growing about 12 percent a year. As you said, for a country that is now the second largest GDP in the world, this is no longer a tiny emerging country, economically.<\/p><\/blockquote>\n

For all of the people who say that Keynesian economics does not work, I wonder how they explain the fact that it works just as expected in China. If it works in China, what is so different about the United States that it wouldn’t work here?<\/p>\n

Could it be that once the Republican’s get their hands on a stimulus plan and manage to shape it to their liking that it no longer works as well as it could? Why don’t Republicans want our economy to succeed? Why is it that certain facts about economics are just unacceptable to Republicans? Why do they reject reality?<\/p>\n

Come November, should we replace some of the current realists in Congress with a few more Republicans from fantasy land?<\/p>\n","protected":false},"excerpt":{"rendered":"

On Augist 26, on The Nightly Business Report, Susie Charib interviewed Mike Holland, director, The China Fund.\u00a0 This interview was part of the show’s series on the BRIC (Brazil, Russia, India, and China) countries. One of Mike Holland’s first responses included the following: The country’s stimulus program worked really, really well. They instituted theirs at […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-4570","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/4570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=4570"}],"version-history":[{"count":5,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/4570\/revisions"}],"predecessor-version":[{"id":4573,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/4570\/revisions\/4573"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=4570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=4570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=4570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}