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

To: sylvester80 who wrote (97966)	7/26/2011 7:06:14 PM
From: koan	Read Replies (1) \| Respond to of 149317

I was all for the stimulus. We needed a massive stimulus pakage. FDR reated 8 million jobs in 6 months though programs like the WPA. That would be like Obama reating 24 million jobs. But what did the stimulus end up being? 40% was more tax cuts (bowing to the right wing), then a large proportion was aid to states. Stiglitz, Krugman and Roemer all said it was too small and there would not be the political will to go back for more. They were dead right one. When Obama came into office he was facing a great depression and he had four giants waiting to help him: Stiglitz, Roemer, Volker and Krugman. All Obama had to do was hire them and back them up. What he did instead was hire Summers who insulted both Volker (by making him run his memo's through him) and Roemer (why she quit), Stiglitz (most referenced economist in the world) by waiting until the night of the economic dinner to even invite him and Krugman who he actually demeaned. Last two both nobel prize winners. And he hired Geithner who was a GS dude. He has prosecuted none of the Wall street criminals. And now Obama is about to pound the poor again to get the debt ceiling raised. No one used the debt ceiing against Bush or Raygun! That is nuts and is happening because Obama is so easy to bluff. <<Do you remember the Great Recession/ Depression?? At the time the #1 priority was to get us out of the abyss. And truth be told nobody knows how much worse things would have been if we had no stimulus, no bailouts, let tax cuts for the rich expire, etc...