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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (10063)12/7/2002 12:12:21 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
Krugman pats himself nicely on back re: ONeill
but in mid-2001 he was still a fan of Greenscheisspin
he believed in AG's interventionist approach
he expected AG to prevail

in Sept2001 Krugman called him Atlas, carrying the world
I wrote a stern dissenting letter to editor in Pitt
now Krugman is echoing my main points of agreement
so now K is brilliant ? NOT
no, he had a good gut on ONeill's weakness when many did also
but he had the wrong gut on AGman for a long time

I expect Bushy to appoint an even weaker team
but a bunch of guys who will take greater risks
and probably make bigger mistakes
they will now forge onward to make huge intervention moves

I expect the press/media will judge the appointments more on how much risk they are willing to take
NOT on their ability to manage thru this Perfect Storm brewing !!!

the USDollar is the meter for their success
/ jim
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