Can Obamanomics solve the crisis?

http://therealnews.com/t/index.php?option=com_content&task=view&id=102

Economist James K. Galbraith responds to Obama's economic message

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[overmind25]

Socialism can work but it should be voluntary. Forcing people to live in your system is imperialism.

[truthsabre7]

BO will go down in history as ushering in the Greater Depression.

[CoolScoobydoo]

@JoeAverage86 No, greed, greed, greed, is the reason why this economy has failed. It is too easy to blame Obama just because you don't believe the government should have any impact on stimulating the economy instead just cutting taxes here and there hoping for some false trickledown effect. If we were to just cut taxes and spend no money, poverty would be 30% in this country.

[88volcano]

Hey what is the freest country I want to move to there and start a new USA

[rw5791]

if u want a loan now u basically have to get a rectal exam.But it's too late.Look,clinton passed the CRA and he opened the china floodgate.A tsunami of money flowed back to america and was handed out to anyone who walked through the door.I blame bush for not controlling the china problem but at least he did try to reign in fannie mae.

[givethemahand]

rw- "obama and his cronies at fannie mae CAUSED the crisis"

Actually:

Easy mortgages that went bad amount to 3-4% of the total "toxic assets" that we had to bail out... Blame that on Dems

Mortgage backed securities / leveraged at 30 to 1 / bundled into derivatives , became 90+% of the toxic assets that we had to bail out. That stuff was ( for the most part) pushed by Reps.

The economic arrange was caused by the Dems trowing 2 lb. hand grenades and the Reps dropping 5000 lb. "dumb bombs".

[rw5791]

obama and his cronies at fannie mae CAUSED the crisis.Anyway,thats water under the bridge,I'm looking forward to inflation like you've never seen before.I want to see americans in real pain thanks to this joke of a president.

[maddogwisconsin]

People, Come together on April 19th. At your state capitol and we shall send a message to the government that we shall stand up and fight! And we wont take this anymore!

[JoeAverage86]

Obama lied; the economy died.

[titosantucci]

No, central banking's manipulation of the economy created this mess. The banks didn't have any choice. The major banks are the Fed's memeber banks anyways. There no such thing as "free market" deregulation when the market is being manipulated anyways from a centralized authority.

[titosantucci]

Wrong! Technocracy is what lead us to this mess in the first place. You can't blame the private sector when it was betting on the phony economy that the government had forced in its face. Technocracy manupulates the market/economy, the marketeconomy fails, and you blame the private sector? Why don't you just blindfold a guy (government/media propaganda) and then stick your foot out to trip him (phony economy) and bame the guy, so you have to control his every move to keep him from falling!

[titosantucci]

I assume you know that the Federal Reserve isn't federal, right? But I don't think you know that they are not a "reserve". They make money out of thin air and lend it. This lending chain goes down the banks to the end borrower. Why not just end the Fed's governmnet enforced fraud forever and go back to constitutional currency? Did you forget that the reason we succeeded from England was to get away from central banking? Central banking is the most harmful thing to a people's sovereignty.