Obama's Economics

This video presents the views of the Nobel Prize wining Neo Keynesian economist, Columbia Professor Joseph Stiglitz, author of "The $3 Trillion War." Among his many comments Professor Stiglitz said taxpayers have been "cheated" by the bank bailout programs. President Obama is saving bankers at the cost of sacrificing ordinary citizens because (1) Wall Street's campaign contributions to Obama & (2) Wall Street fear mongering. Obama is an economic illiterate whose $500 billion deficit cutting measures will cancel (negate) his $700 billion stimulus program.

Category:

News & Politics

Tags:

• professor
• joseph
• stiglitz
• barack
• obama
• bank
• bail
• out
• deficit
• reduction

[pnovaone]

I understand Bank Of America is on the verge of repaying their **ENTIRE** TARP loan (by April 2010). What do you say to this?

[radiohogan]

The large banks should have been allowed to go bankrupt with the government nationalizing the pieces of the businesses that made sense. The $11 trillion bailout of Wall Street could have been used to pay off every mortgage and provide universal health care for all.

[shahen13]

This guy is a giant idiot!

[radiohogan]

Please elaborate.

[deltapunk21]

Another nobel prize winning idiot.....PETER SCHIFF BITCHES!

[radiohogan]

Is Peter Schiff an economist? Please elaborate on your comment.

[Jorn2222]

Dude, you're ready to go back to school!

[shahen13]

$11 Trillion? Are you doing drugs?

[MewHamHead]

Again, yes, the health service in the USA is (much) better than the health service in Britain. I do not know about Canada. I do know Canada is a very rich country..