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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (174858)	10/29/2011 10:08:03 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 541791

"What else does Iceland have;" Homegrown energy. en.wikipedia.org

To: Steve Lokness who wrote (174858)	10/29/2011 11:44:56 AM
From: ChinuSFO	Respond to of 541791

What else does Iceland have; Well they have a flat tax and they have one of the lowest corporate taxes. The name says it all. They have nothing, just ice and a cozy place that Gorby and Reagan used to chat. similarly, during the days of FDR, there was no Internet, there were very few cars on US roads and best of all a barrel of crude cost $6. So there is no point in comparing apples to oranges whether it is what Iceland is doing and so the US should that or whether how Obama needs to campaign just like FDR did. People are becoming loonier and crazier by the day and that is showing in the quality of their Congressmen they are electing.

To: Steve Lokness who wrote (174858)	10/29/2011 12:41:47 PM
From: koan	Read Replies (1) \| Respond to of 541791

The banks were dishonest so letting them go bust seems OK to me. Our fed had to give the banks 16 trillion to save them. Shouldn't they be punished if they are engaged in fraud? <<This is a rather weird twist of reasoning especially for Krugman. Iceland is so special because it has 300,000 people. 300K, for goodness sake. What, they upped the safety net for another 14 people? But the strange part of Krugmans thinking is the suggestion that the way to solution is to let the banks "go bust"! Oh my gosh, that's what he wants to do in Europe? What else does Iceland have; Well they have a flat tax and they have one of the lowest corporate taxes.