Can Obamanomics solve the crisis? Pt.2

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

James Galbraith on what Obama needs to do to about the economic crisis

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• economy

[chewbaca1989]

Buy Guns, Gold, 55 gallon barrels for water, gas masks, store food, buy MRE's.

Tar and Feather, anybody?

[prayfortruejustice]

Obamanomics are an Obamanation. Timothy Geithner, Obama's "pick" (or who he was told to pick) is former head of NY FED Resv and former CFR economist. He will be a fraudulent as Paulson was. Google : "Paulson's $140 Billion Surprise"

[titosantucci]

Paul Krugman is a hack! True. He is clueless about business cycles. If you followd Hayek, Karl Menger, von Mises, etc, this whole thing would have not been such a surprise. The problem and the solution would be clear, but Krugman and his Paultards can't even identify the problem and explain it.

[Questfortruth86]

First of all Krugman got his nobel prize for explaining temporary international trade trends, not for business cycle theory. FA Hayek, on the other hand, got his nobel prize for explaining business cycle theory; and it focused around the premise that economic interventionism only serves to magnify the severity of the business cycle, not reduce it. This guy is a hack, he came to my school and couldn't answer my question.

[titosantucci]

Maybe you think YouTube isn't a good academic source because you can't find a video titled "Paul Krugman was Right."

[titosantucci]

Wrong! Krugman was wrong when he made his forecasts in 2003 and he never saw this coming. Hundreds of Austian economists broke down the Dotcom bubble while it was happening and they broek this whole thing down in 2001 when the Fed kept rates low. It wasn't Krugman!

And don't even say Krugman is a follower of A. Smith, T. Jefferson, The Constitution, etc. You're not just wrong, you're a liar and/or a fool. But I guess you heard that on the mainstream media so I should excuse your ignorance.

[FreakishDonQuixote]

Actually, yes. It was Krugman amoung others.

[titosantucci]

So you actually thing that the media and government's economic education is better than YouTube? No libertarian is saying YouTube is an academic source, its just free access media. Call us stupid for not buying government and mainstream media's info-garbage all you want, but who was right in 2001 when this bubble began? Who called it? Who actually believes in the Constitution and the founding philosophy? It wasn't Krugman. Wake up! How many times do we have to say "we told you so."

[FreakishDonQuixote]

how to identify a paultard:

[...]

12. Thinks that YouTube is an academic source.

[titosantucci]

You must be talking about Paul Krugman's Paultards, right? I mean, economic education on youtube is just as good as government and the mainstream media's.

[averageworkinggal]

This Lib 'economist' is delusional.

Social Security goes negative in FY2017 and will not be reducing the budget deficit as it does now before that.

The near term budget deficits will be so large that financial armageddon is getting closer and closer.

Then the Libs want to add socialized medicine entitlement being totally oblivious to the near term entitlement armageddon.

The Libs want to add massive tax welfare onto that.

These Libs are simply divorced from reality.