KEYNESIAN ECONOMICS PROVE DESTRUCTIVE - IRAN AN ENEMY TO USA - READ AND LEARN

Submitted by: Donald Hank

The Japanese government has always imitated the US government and its Keynesianism is no exception, except that the Keynesian stimulus is bigger by far. The US has a debt of over 100% of GDP but Japan has over 200% thanks to Prime Minister Abe's grandiose experiment to 'stimulate' the economy. Well, after all, if a little stimulus can boost the economy a little, then a LOT of stimulus can stimulate it a LOT, right?

Japan's economists are now saying 'worng.' It didn't work. Their GDP dropped 6.8% in the second quarter because of a consumption tax hike, thanks to a monstrous borrowing spree a while back. Maybe something good will come of this, namely, some healthy mistrust of Western Keynesian ideology.

http://www.forbes.com/sites/timworstall/2014/08/13/japans-gdp-falls-by-6-8-in-the-second-quarter-on-sales-tax-rise/

Elsewhere, Netanyahu is complaining that we are soft on Iran because Iran sponsors Hezbollah, as reported here http://www.examiner.com/article/netanyahu-warns-obama-both-islamic-state-and-iran-must-be-defeated

Funny after all these years of terror sponsorship by Saudi Arabia, no one claims that country is an enemy, even though one of its main clients is ISIS!

Meanwhile, Germany has a new embassy in Berlin, an Iranian one, as reported in this German language journal http://www.german-foreign-policy.com/de/fulltext/58997.

German spokespeople are saying Iran is a gigantic new market.

This could signal something of a rift between Berlin and Washington. Remember that German relies on Russia for a third of its energy and Russia is a supporter of Iran. One of my wife's history profs used to say 'man is himself and his circumstances.' Why didn't we thing of that?

In view of this situation, wouldn't it perhaps make sense for Obama to sit down with Netanyahu, Putin and Hassan Rouhani and hammer out a deal: Rouhani needs to be persuaded to stop supporting Hezbollah in exchange for our pressuing the Saudis and the Turks to stop supporting ISIS, and for Washington ending its support for ISIS via the non existent 'moderates.'

There's a little something in this deal for everyone and it could curb the nasty Middle Eastern habit of slicing Westerners' heads off (it just happened again).