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

To: tejek who wrote (82416)	9/10/2010 5:45:52 PM
From: koan	Read Replies (1) \| Respond to of 149317

So you think both Stiglitz and Krugman are stupid? Ergo Obama made the right decision with Summers and Geithner. Boy! What Krugman was really saying was a hard turn to the right would be disastrous. No one fights the rightwing like Krugman. The reason Obama did not appoint Krugman and Stiglitz is that they wantedd to do what was needed, not just political, and he felt they would cause too much trouble. The reason he has not appointed Warren yet, IMO. Geithner gave those huge banks all that money and asked for little. Now he says that was a mistake. That would not have happened with Krugman or Stiglitz I can assure you! PS Part of the Japnaese problem was when the real estate market collapsed many of the loans were taken out by the Yakuza and the banks were afraid to ask them for the money. The other is their decling and aging population which is inherently deflationary.