Obama doesn't even care about the economy nor jobs. He only cares about screwing more and more "social justice" into our culture and financial system.
easy to say when u don't live in the US. -------------------------- "That is why he will fail, no economy, no more Barack presidency." from Larson gg barnum once said never underestimate the stupidity of the american public.
Old pinko socialist trick: trying to rebel the masses against the "rich", so the real crooks can escape punishment, keep laughing at the proletariat while making them pay their bill.
I don't know why anyone still listens to Krugman. His Nobel Prize is as worthless as Obama's. Listen to his "wisdom" about 5 years before the housing/credit crisis: "To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." - Paul Krugman, Dubyaâs Double Dip, August 2nd, 2002 This isn't an isolated example. He said this kind of thing over and over again. He pushed for the housing/financial crisis until it became a reality. Now he points fingers at others. Compare his ignorance (and that of Barney Frank, et. al.) to one who understood what was going on: "Congress should act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market. I therefore hope this committee will soon stand up for American taxpayers and investors by acting on my Free Housing Market Enhancement Act." - Ron Paul in the House Financial Services Committee, September 10, 2003
http://profit.ndtv.com/news/show/no-tax-incentives-to-companies-that-outsource-obama-97106 "Amid indications that outsourcing could become a hot issue in the November polls, President Barack Obama has made his stand on the issue clear, saying that tax breaks should go to companies that create jobs in the US and not overseas." ----------------------------------------------------------------------------------- http://www.manufacturingnews.com/news/10/0126/outsourcing.html "Demand for offshore outsourcing of services is being driven by the economic downturn. Until recently, companies were outsourcing functions because they could not find qualified workers. The primary reason now for outsourcing is cost savings. "A strong interest in cost reduction shows up in service provider selection decisions: 52 percent of service providers indicate low cost of service delivery is one of the five most important selection criteria," says the Duke-PWC study. "To ensure the realization of expected cost savings, a majority of companies include expected savings as part of the explicit contract terms."
"Rich people are assholes and hypocrites." That's only true because humans are assholes and hypocrites by nature, not because they become one once they get rich. Humans can make life easier for themselves by letting go of false assumptions, accepting the facts, and finally getting over them. This way they can adjust themselves accordingly.
dude. hee actually said you need another bubble if thats not reality what is? You can argue whether going for another bubble was smart or not. But it was the truth.
No, we didn't need another bubble. We needed to clear out the excesses from the dot-bomb era and slowly rebuild again. The same formula that worked during every downturn/depression for the 150 years of the U.S.