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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (68761)1/24/2010 4:46:24 PM
From: koan  Read Replies (1) | Respond to of 149317
 
>>Jobs and the mortgage problems and business loans should have been the first order of business.

They were.....stimulus and tarp.<<

And both Krugman and Stiglitz said the stimulous was, one, too small and two not directed correctly.

Krugman said his primary worry was the stimulous was too samll and there would not be the political will to go back again for a second stimulous.

Stiglitz said the banks should have been reinforced by running the money through the middle class mortgages, as I posted before. Stiglitz is the most quoted econmist on earth. Obama disregarding his advice which would be like a brain surgeon ignoring the advice of the best brain surgeon on earth.

As you know, Krugman and Stiglitz are two of the brightest economists on earth. They have protested Obama's economic direction from day one and as a result Obama has kept them at arms length.