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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (202170)	12/26/2010 12:01:44 PM
From: koan	Read Replies (3) \| Respond to of 361764

I see peak oil as just another problem that has to be faced. What Krugman and Stiglitz are doing is solving another part of the problem. I am sure if you asked either of them about peak oil they would be on it. How much have we heard from Obama or his economic advisers about peak oil? Where we disagree, I think, is that I think the president has to at least tell us what the problems and solutions are even if he cannot et them re e.g. tax cuts are not as good as direct stimulus. By telling us the bush policies are correct he is telling us something that is incorrect. Political pragmatism cannot exclude referrences to what reality is. Do you really think the people will figure it out if Obama doesn't explain it? And I have studied Krugman and Stiglitz ideas for a long time and agree with them. I have found very little to disagree with either of them. And the rest of the economic world feels as I do. Stiglitz is the most referenced economist in the world. John Maynard Keynes was pretty much the sole big thinker on the depression and only a couple years after he put forth his theory did FDR get it and follow his advice and his ideas worked. The one large hiccup was in 1937 was when he left Keynes Ideas and followed the Republicans austerity ideas. And down we went, like we will do the next two years. We well see the Republican's turn to 1937 by not appropriating the money needed to end this depression over the next two years.. You can bet on it.