James Galbraith On Economic Rescue

http://ourfuture.org asks economist James Galbraith whether Congress should rescue General Motors and some little-discussed steps he says need to be taken to help victims of the economic downturn. He spoke at the "Real Investment for America Conference" November 18 sponsored by the Campaign for America's Future.

Category:

News & Politics

Tags:

• investment
• economic
• bailout
• General
• Motors

[ratkukokoto1]

Jyoyo1, ideally they would want to bail out failing corporations, then call them evil and then send govt bureaucrats to control the production, and somehow this is going to benefit the consumer. amazing solution!!!!!

[ratkukokoto1]

hahha, this is a classic!!!! john kenneth galbraith, the father of james, wrote in his work the new industrial state how GM is a huge corporation that is dominating its market and controlling prices, so it needs to be regulated. well, since then GM has been losing its share of the car market until it finally collapsed during the recent crisis until the gov't bailed it out. instead of letting the market educate it, we bailed it out the thanks to people like galbraiths.

[Jyoyo1]

I want to throw up.

So bailing out GM is a necessary burden to taxpayers and better-managed competitors because of the election?

What does an election have to do with good decision making?

Is this guy a campaign manager?

Again he mentions climate change.

Dead giveaway..

Institutional shill for new world order gov tax-and-spend scams.

Listen to his response regarding social security for a real head spin.

Seemed not to like the question how do we pay for it?

This from an economist.