RE: Teaparties
They started off as grassroots-type organizations. Media got a hold of it and promoted/ridiculed it. Nothing out of the ordinary here. Some of the people that went were manipulated, some of the people that went were not.
To ID, it has nothing to do with Keynesian economics. That is the very function and purpose of government to look after the people. Without it everything is inferior to anarchy.
Yes, the function of the government is to protect the rights and well being of the citizens. Keynesian deficit spending is a theory that believes government spending during a recession fills the gaps left by businesses that are cutting back and restores employment. There is nothing mutually exclusive about these. Obama's response to help Americans and the economy is by relying on Keynesian theory. By extension, evaluating the effectiveness of Keynesian theory also measure the efficiency of Obama's solution to the problem.
I will agree that sitting back and doing nothing is not the ideal response here; the government was heavily responsible for the current economic situation, therefore it will take some change in governmental policy and some government intervention to correct the problem. The main concern is that passing bailout after bailout and inflating the budget is overreaction by the government in fixing the problem. To use the old idiom..."don't use a sword where a scalpel is needed."
RE: Obama's speech...
Okay, it sounded nice, but if you look at it he's mostly just bullshitting with a charismatic smile. I guess Obama is a good lawyer after all!
One, he's basing everything on the assumption that the government will be effective in not only fixing the economy, but also laying the "new foundations" for a newer, better economy. History has shown us that these types of massive governmental restructurings do more to harm everyone massively than help. Great Leap Forward anyone?
Second, he's still drawing non-sequiter lines between health care and energy and fixing the economy.
Third, he still hasn't indicated how he'll address the national debt with any sort of specificity.
And it's the most partisanly divided the country has ever been on the President? Seriously, what? How do we reduce partisanship in America, because it seriously frightens me, and makes me think nobody is actually voting for the issues rather than the party.
Welcome to the utter failure of a two party system...just as President Washington warned against 200 years ago.