...It was a complete rebuff issued with blinding speed: Less than 24 hours after President Obama went on national television on Friday to warn Vladimir Putin that âthere will be costs for any military intervention,â Russiaâs military seized total control of Crimea. Itâs embarrassing for a world power to see its warnings so cavalierly disregarded â and not just when it comes to Russia and Ukraine. During his second term, President Obama has repeatedly found that the sternest warnings and firmest demands from the United States have been ignored with impunity... http://abcnews.go.com/blogs/politic...ountries-that-totally-ignored-obamas-demands/
However Grant had the most corrupt associates appointed to government positions while he drove no meaningful policy initiatives This is why he is generally considered to be the worst president by most historians. It is not merely the alcohol abuse.
You mean, like the Panic of 1907, the one that gave birth to central banking? Nobody on Planet Earth wants to (merely) let the Laissez Fairey take care of economic crises. That philosophy has no traction.
The way i remember 08 is that a large group of economists authored an open letter urging the bailout and stimulus to be defeated and to let the economic chips fall where they may. I think there were nobel prize guys in there, too. I think it had some traction because the first vote on the bailout failed and they needed to bribe a few more pols to get them to vote for the massive bailout.
Wow, you go WAY back. ; ) But seriously, those are fair points. I didn't mean "nobody" literally of course. But the world's nations have made their decision re central banking and government involvement in the economy. All that's left to argue is how much.
actually many people argue for the cleansing effect of letting the markets work of the their excess and letting the resources go to the productive. If you want to be compassionate have some means tested social safety nets. Protecting too big to fail banks is one of the worst things that could have happened to our Congress and our country. and note... actually almost every thinking economist would note that most if not every country in the world grew their exports and their economy with some form of protectionism. The founders set it up correctly... tariffs not income taxes. If you are going to respond with the indoctrination we all had about trade wars hurting countries... compare the effects on the importers vs the exporters.