Paul Krugman says "I'd blame Alan Greenspan and Phil Gramm"

David Gregory hosts a one on one with economist Paul Krugman who talks about the financial bailout proposed by the Bush Administration. Among many thoughts on the matter, Krugman lays this disaster at the feat of Alan Greenspan and McCain advisor Phil Gramm.

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News & Politics

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• Paul
• Krugman
• David
• Gregory
• Phil
• Gramm
• Alan
• Greenspan
• Henry
• Paulson
• bailout
• financial
• crisis
• Reaganbaby
• McCain

[Lodatzor]

@SpitfireOFatj

Absolutely spot on. It still amazes me some people fail to (or perhaps refuse to) notice that the corporate lobbying network pushes constantly for a less efficient, less powerful government with no restrictions on the actions of those who can afford to buy their own legislation.

And yet, curiously, despite the crystal clear agenda of the corporate sphere to depower the government, somehow section of idiots think that depowering government even MORE will defeat corporatism. :p

[BirgirZ]

@MrBishopWalters u mad?

[mixmastermeeks]

Holy shit? you can look at who is around them? four words: cast sunstien...van jones.... just saying

[freedomthrough]

@truevoice08 Good for you. Have a biscuit.

[truevoice08]

@freedomthrough ANARCHO- CAPITALISM?!? I'd like that!!!

[edwinorc]

YES we NEED more taxes. I have WAY too much money and have ABSOLUTELY NO IDEA what to do with it. I would only trust THE GOVERNMENT to spend money on things. They have all the GOOD IDEAS about HIGH SPEED RAIL and which COUNTRY TO INVADE NEXT. After all we NEED stable demand of COMPLETELY USELESS SHIT otherwise the economy might actually produce GOODS AND SERVICES and people might INCREASE THEIR STANDARD OF LIVING.

PLEASE GREAT KRUGGERMAN. SHOW US THE WAY.

[Salvysahagun]

Put the money of the interest made off TARP and the Auto bailouts. in too every American who filed a 1040's pocket

[SpitfireOFatj]

@Meade556 The Blue Dogs lost big time in the last election and the DLC closed up shop so there is a strong possibility that we could see idiots like Harold Ford go away.

Or land on FOX "News" thus making them even more of a joke.

[Meade556]

@SpitfireOFatj I never thought of either those solutions. Solution 2, not so much. Number 1 count me in!

BTW I think the Democrats are broken and far too corrupt and right wing? Third Party anybody?

[SpitfireOFatj]

@Meade556 Well, since you're open to that, try this: What is the number one, well documented business expense a company can declare? Payroll. Therefore, if you want to "create jobs" you should do the OPPOSITE of what Republicans claim. Raising corporate taxes will cost companies to hire to claim the deduction.

We also need to change the law so customers come before shareholders. That's what's driving the phenomenon of having your Fritos stock go up while the bag is mostly air.