china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. gregg: as keynesian theory ever worked ever in the long run? what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven t seen it work. i don t think it s going to work. it will do one thing, raise the prices everything we spend money on today. gregg: good to is a you. arthel: and if all that doesn t work, you play the lottery.
this economy, we are going from 3%, 2%, down to 1%. we are going in the opposite direction. megyn: why is this? we talked about this at top of our 1:00 hour. we had the extension of the bush tax cuts. if you cut tax rates low, we ll have more growth in the economy, if you raise them maybe we ll have less deficit you we ll have slower growth. why are we seeing slower growth when the bush tax cuts are still in place? i think the whole keynesian theory is fundamentally flawed. i don t think you kree at more growth through government spending. you have had new regulations. i think a president coming into office in that kind of recession his entire focus should be how do i liberate american business. and that s what we didn t see from this president.
business men and women across the country out there and remove the double whammy of overtaxation and regulation they will risk their capital and create jobs that will create wealth that s how we get in country back on track. that s how we payoff this monstrous debt hanging over the country. and it is how we have a foreign policy that people respect. because we got the power of an economy to drive a military and in turn, gain the respect of those allies and those that are our competitors. sean: do you think president obama doesn t get that? i gotta think that he must not. we tried this keynesian theory a couple of times under this administration. it has failed miserably both times. it won t ever work. you cannot spend your way to prosperity. it has never worked and it never will. my instinct s he just doesn t get it.
you will empower those small business men and women across the country out there and remove the double whammy of overtaxation and regulation they will risk their capital and create jobs that will create wealth that s how we get in country back on track. that s how we payoff this monstrous debt hanging over the country. and it is how we have a foreign policy that people respect. because we got the power of an economy to drive a military and in turn, gain the respect of those allies and those that are our competitors. sean: do you think president obama doesn t get that? i gotta think that he must not. we tried this keynesian theory a couple of times under this administration. it has failed miserably both times. it won t ever work. you cannot spend your way to prosperity. it has never worked and it never will. my instinct s he just dsn t get it.
daps there could be a keynesian theory about this. maybe the white house set him up to say something so creepy so when president obama comes out with a plan in september it will look so rational everyone will go for it. andrea: can we get a side-by-side of bob and paul up again? i want viewers to see the spokes people for the left leading up until 2012. you can heave a sigh of relief. bob: we should have spent and still should spend $1 trillion on stimulus. greg: but he believes it eat better to spend it on space invasion than american people. the money is our money. bob: we need our own money. i keep pointing this out. eric: more along the line of making sure that government is assist the private sector in the trickle down keynesian economics. dana: the green economy, the green jobs didn t work. bob: they are working. more people going to work and use another $1 trillion. greg: you could get green jobs from the little mars people coming down from the outer space. bob