Tags for this video have been changed from 'dow jones index, G20, tim geithner, declining real wages, income disparity' to 'dow jones index, G20, tim geithner, declining real wages, income disparity, colbert' - edited by Grimm

QM,
"And if you think government research is ever going to surpass private enterprise research: HA"

I guess we should have put out bids on the Manhattan Project and the Apollo program... I'm sure that would have succeeded wildly... Also, I say this as an R&D engineer, private research is very good at developing technologies, but... Private research sucks at creating technologies, and it sucks at science, it always has, and I suspect it always will. The pay off in doing basic science research is so far down the road, and such a gamble that little or no private enterprise is willing to touch it.

Also, I used to be fiscally conservative, and socially liberal. I have read Adam Smith, and Thomas Malthus... But after I finished school, and entered the real world, I realized that it just doesn't work that well. If you look at economic history of the US, it is the times that we had liberal presidents that our economy grew the fastest, unemployment dropped the fastest, Carter was the one aberration.

The University of Nevada-Reno uncovered the following while conducting the economic comparison between Republican and Democratic presidential administrations from 1949 to 2005:
• Unemployment Rate- Republicans 6.0%, Democrats 5.2%
• Change In Unemployment Rate- Republicans +0.3%, Democrats -0.4%
• Growth of Multifactor Productivity- Republicans 0.9%, Democrats 1.7%
• Corporate Profits (share of GDP)- Republicans 8.8%, Democrats 10.2%
• Real Value of Dow Jones Index- Republicans 4.3%, Democrats 5.4%
(in logarithmic growth rates)- Republicans 2.8%, Democrats 4.4%
• Real Weekly Earnings- Republicans 0.3%, Democrats 1.0%
• CPI Inflation Rate- Republicans 3.8%, Democrats 3.8%

In short, it looks like Keynes is spot on.

Ideologically, I like fiscal conservatism, but pragmatism demands liberalization of fiscal policy. I am a liberal now, because of pragmatism, something I think you would understand with your comments about how great religion has been for the world (a statement I disagree with, btw. Sure good things have been done in the name of religion, but I am not so sure it outweighs the bad.).

Don't tell me that liberals know nothing of conservative thought. I used to think it my self, but then I looked around and grew up, became a liberal.

Also, calling our congress communist shows a complete ignorance of the definition of the term communism. Same with your use of the term socialism. Palin, and W are much more socialist than Obama. Bush with the buying of banks, and Palin with the paying of every citizen of Alaska.