This Week Panel Discusses Bailout and Economy

[N2itv2]

DISASTER! No guidelines, oversight, review in the Economic Stimulus (ES) bill?!! HELP! Correct This Now Before Any Final Vote. "CHANGE" goals and directions will be thwarted without guidelines & oversight. Earmarks, targeting—call it whatever—are necessary!! B.S. to lamenting in the foreseeable aftermath!! "Trickle Down Theory" holes are DISASTER to Hope & to Change We Can Believe In. Yes to the E.S. Bill with guidelines & oversight! Contact your Congress and Senate persons today!!

[saveurhomeplease]

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[123abcusername]

this video was good

anyone want to chat 63

[Yairio]

Krugman.... nice example of Bastiat's bad economist.

[tealghsuftuba]

lol he's terrible

[essayant2]

GM and Crysler just failed in a series of law suits against states that passed laws for higher fuel efficiency cars to help clean their environments.

That is a #1 reason for not bailing them out; they don't build cars people want and try to sue gov to force their cars on people.

Get real, most people want cars they can AFFORD to drive when gas prices are high, not these gas guzzlers.

[emforty2]

there are many other companies that make great cars

republicans said NO BAILOUT !

let them sink "LIKE A ROCK" !

[smitmick]

Should never have bailed anybody out, not the banks not any business. I have my own business but I wont be bailed out because I'm too small, thank you and good night!

[jlong232]

GM CEO took private that cost the company $20,000 and same flight would go to D.C is $300 to go begging 25billion.

[scotplaya]

the $20,000 can can be someone's annual salery.

[Epic878787]

Krugman doesn't understand economics. The government doesn't have any money to bail anyone out. All they can do is move capital around. The bailout takes capital away from efficient jobs, killing them, and gives it to inefficient jobs. That is unsustainable and not a solution.

[Dorke1337]

George Will can tie a bow tie so he must not be that dumb.

[PhotonDrive]

Chapter 7 for GM! It's the ONLY chance for real movement coming much too late! DECAPITATION of this ass-hole Oil-dictatorship management! Atomizing GM will result in 5 million job GAINS within 5 years! Fuel-Motors are OUT! Fuel-Less techs. are already begun in Japan & China (yes they are being kept secret- to sell BATTERIES on China's part, and antiquainted Priuses on Japans part). US is now NOT the only one surpressing new tech! Us known troughout world as "Fucktards", for stupidity & brutality

[dearkgar]

George Will sucks.

[Budma30k]

Im a conservative,but i believe that letting GM fail is unexceptable but letting them go thru reorganization would work.If they go Bankrupt then the unions would have to give concessions.I have a lot of retired GM workers living by me i Janesville and you know what they call GM its Generous motors.How could a guy who buildt car get a 4000 a month pension and full insurance thats a joke ,know wonder there broke.Thats a disgrace i my eyes but i guess if i worked there i would see it different.GBA

[tigerone1970]

Fishing for broken promises. What a sad state for republicans or the media.

[111harley111]

Will a fake expert.

[ckthomps]

Wow, if the exchange between Krugman and Will doesn't illustrate the difference between having expertise on a topic, and appearing to have expertise on a topic, I don't know what does.

[Z200a]

Well said. Someone in the MSM really screwed up by letting a knowledgable expert get in front of the cameras! They're going to have to cancel all of Krugman's future appearances so that Will isn't subject to reality-based scrutiny.

[bbbbmer]

George Will trying to blame the collapse of detroit auto is LUDICROUS -- it was due SOLELY to poor products developed and sanctioned poor senior managers and more money spent for senior mgr salaries, lobbyists, and remediations of their lousy products rather than making things people want to buy

[opie73]

Why is George Will still on my TeeVee?

[WNYmathGuy]

Is our economy a very narrow pyramid scheme? Instead of "next week you get two friends to bring $10.00", our economy is "to fix the problem we have we will do at least 2% more of the same next year as we do this year."

[Bobb999]

Where's YOUR NOBEL George Will? What are YOUR credentials as an economic thinker compared to the sole Nobel Laureate present Paul Krugman?!I love it that a Nobel has such cache, adding instant extra credibility. A Nobel suggests one is current top thinker, if not a genius, in ones area of expertise.

It makes it harder now for right-wingers to try to write off Krugman as just another "leftie" with "wrong headed liberal notions"!

[ahirsch116]

Krugman's nobel was in international trade, not domestic economic policy.

[Bobjb999]

So, you think that means Krugman knows or understands no more about domestic economics than Mr. Will? That they're equals in the field? Yeah right.

Surely Krugman, as a career economist, has studied domestic economics in much greater depth than journalist Will. The Nobel proves he has the brains to understand economic mechanisms in depth. I'm not sure Will has ever demonstrated he's a deep thinker, as opposed to a amateur bloviator, in economics.

[WingThaiJ]

@Bobjb999 Krugman is a typical pencil pusher, hence, Y he made stupid comments about financial trade taxes he wants to impose on U.S.. He claims conservatives touts how great Singapore & Hong Kong use this tax structure,but fails to compare rest of their tax structure & why these countries have an economy which is booming. Tax rates in HK,corp&individual, R substantially lower than U.S. rates&HK has no tax on capital gains.Nobel Prize winner is either lieing or is an idiot as Jim Rogers claims

[rock90123]

and what did you win your nobel in?

[ahirsch116]

Rock,

Obviously nothing; I'm sure Nobel Prize winning economists rarely comment on YouTube videos. That isn't the point. I am a lawyer by training that reads and studies economics as a hobby, but I take it seriously. It is frustrating when every liberal, most of whom know very little economic theory, read Krugman's column in the NY Times and assume that because he is famous and has won the Nobel, that they can cite him as being the last word on economic policy.

[rock90123]

so you didn't win a nobel prize. ok, i think im gonna take his word over your own. sorry. Also notice how you didn't argue with anything he actually said, most likely because you don't understand it. But oh, the Princeton professor won his NOBEL PRIZE in some other field of economics so he's probably wrong here. yeah right.

[srchoed7]

I'm a big Paul Krugman fan, he's just the smartest guy in the room.

[elperverto7]

If GM is bailed out they are obligated to produce the best, most fuel efficient car ever. Hybrid, plug-in, hydrogen, bio-fuel. Flood gates must be opened. Good riddance Arab oil!

[notsofastfriend]

What is most striking with me is that no one really knows what to do? So we bail, bail, bail... No Leadership, No accountability. What a mess.

[press1500]

it's fucking scary, and the worst part is that all of these so called ivy league MBA's are still charging these fat commissions to loose 36% of your investment ytd

[saully1966]

American car companies decided on short term profits over long term profits! GREED! They need to be bailed out, but we need to call these company CEO's out to account for their incompitance!

[underweightHater]

it does seem crazy to bail out companies who have shown a consistent refusal (or inability) to give consumers what they want.

maybe as part of a bailout we can get the comanies to accept some imported japanese CEO's who know how to run a car company?

they should at least have a "weakest link" audit and let one of the companies die. thats just good television.

[lionsgateblows]

note the new meme...roosevelt extended the depression with the new deal...you will be hearing alot of this over the next few months

[lionsgateblows]

why wasnt will screaming when bush and the repug congress gave tax credit to biz who bought suv's and not the electric car...what is wrong with providing an incentive to buyers? especially when it will benefit all?

[Scoppertop]

The CEOs are the tapeworms of America.

[blyrehs]

Sam Donaldson is arrogant. I hate it that he says people think Obama walks on water. That kind of talk is just saying that he thinks the public has no concept of the complexity of politics. Obama was a better choice than McCain/Palin. A LOT better. I wish they'd stop with the religious metaphors already.

[vivahst]

Maybe if the car companies came to congress with a detailed plan of how they would fix their companies, agreed to be transparent with where the money goes, and agree to Congressional hearings every three months to check on the progress and usefulness of the bailout then I would support one.

No more bailouts without complete transparency and a public plan beforehand to state where the money will go exactly.

[Plutonwolf]

Massive amounts of Government aid. Socialised universal healthcare system. Salary sanity in regards to executive compensation. Corporate culture of honor, integrity and accountability. Non adversarial relationship between management and labor. Less concern towards short term profitability and more long term impetus to improve basic corporate infrastructure.

I could keep going, but I think I have made my point. Blame the unions at your own peril, it is all about management follies.

[brawnymike]

Paul Krugman is absolutely the best.

[waltermh111]

Incentives are to help get over worries about new tech, because new styles of anything tend to cost more which make people hesitate, but congress knows that it will benefit us fast to move to these new vehicles, so they give incentives for people to move faster then normally they would.

[waltermh111]

Then somebody on the panel talks about the volt and in general other efficient vehicles.

I cant tell if hes saying it to make a point or if he believes what he says but its nonsense to say americans dont want the volt because congress gives incentives.

Americans have yet to be given more then a hand full of true fuel efficient vehicles to choose from. I dont count the ones who only give 5mph benefit unless its a truck.

[waltermh111]

We may lose a million jobs with GM fall but the solution can be the government create jobs like its done in the past. Its capable of filling most of those jobs even if temp.

But I still dont get why we choose to ignore all these successful auto companies who are already building plants here right now.

Americans have to buy cars. The need for transport doesnt go down, so while public transport use may go up, how about we incentivise foriegn manufacturers to create more jobs here?

[gloryoski]

Is it really possible to scream reluctantly?

[gloryoski]

How's that "Gladiator" thing going?

Yeah, me neither.

[Plutonwolf]

Where was the "bailouters" as we lost our steel makers, our textile industry, our Computer chip industry, our software industry, our house hold appliance industry, our home entertainment devices industry etc etc etc. Please spare me the trite Right wing noise about Unions and lazy AMERICAN workers, how can one compete when the foreign competition is Govt subsidized? Soon we will wave goodbye to Auto and aerospace and all we will be is an exporter of raw materials. And debt.

[fckuvrymch]

great comment.

[Plutonwolf]

I'm from Pittsburgh Pa. I watched the steel industry fade away during the Reagan years and I always wondered "what the hell are we going to do if we ever got embargoed" And then my sister who is a high level Exec with EDS/HP tells me about the total absense of a basic computer industry in America these days it just made me ill. What are we becoming?????

[bennygale]

They complain about twenty five billion for the auto companies and their 3 million related jobs while our corrupt congress passes in four days their 700 billion plus for Wall Street gamblers and the few tens of thousands of jobs.

Wall Street has a more powerful lobby. And they have a big friend in King Hank.

What are we becoming?

The largest banana republic in the world.

It won't be pretty but the fat cats will still be very fat.

[Plutonwolf]

MMMM Fat cat under glass with a Garlic and basil garnish!

[bennygale]

F-I-S-A

B-L-A-C-K-W-A-T-E-R

M-I-L-T-A-R-Y-C-O-M-M-I-S-S-O-­N-S

E-X-T-R-A-O-R-D-I-N-A-R-Y-R-E-­N-D-I-T-I-O-N-S

Government by the corporations, for the corporations and their buddies.

[bennygale]

The raw materials they will still want, the debt in the form of T bills will begin to cost us a lot of money.

[Plutonwolf]

LOL...silly person! They will just devalue our dollar! Abra cadaver all debt is made to go POOF!

[helpmakethingsbetter]

That is the government showing that they are not fair and balanced, yet the government is supposed to create laws about being fair and balanced. Lawbreakers making and enforcing laws that they make.

[TheEyesAndTheEars]

The bail out was over all a bad idea. It's like trying to catch someone after they fall off a mountian. More people will go down with you.