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

To: RetiredNow who wrote (103583)	10/28/2011 5:58:42 PM
From: RetiredNow	Respond to of 149317

Hi all, for those of you who think Obama's economic team is doing a great job, I'll leave you this weekend with a quote from his go to man over the last couple of years...Larry Summers. You decide, based on this quote, whether Larry Summers is someone you want to entrust this country's economic future to. If you think not, then you need to hold Obama accountable. "The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending." - Larry Summers

To: RetiredNow who wrote (103583)	10/28/2011 9:19:15 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Looks like your buddy Krugman doesn't even believe in the big bank bailouts. Of course, this is a huge about face for him. But I think he's finally getting wisdom. He visited Iceland and realized that big banks should have been allowed to fail. Crony capitalism and having our gov't collude with banks and the criminals who run them to bail them out with tax payer money and then impose austerity on the populace is nothing but grand larceny. Krugman is finally understanding that. Not that I am a fan of Krugman but he is not saying what you've concluded. He is saying he finds unacceptable the bank bailouts COUPLED with the austerity inflicted by the Rs and the ECB. The rich got bailed out while the little guy is paying for it. That's not what Obama wanted; its what Ron Paul and his R friends pushed upon us. You don't get it..........those are various versions of GW Bush.