GPS: Economists on the Fixing America's Financial Crisis

On Fareed Zakaria's GPS Jeff Sachs, Joseph Stiglitz and Edmund Phelps discuss the financial crisis.

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News & Politics

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• Fareed
• Zakaria
• GPS
• Jeff
• Sachs
• Joseph
• Stiglitz
• Edmund
• Phelps

[ch53tm]

Fucking Republicans ruined the bill with their measly tax cuts.

[kcp12304]

that was a good segment. Fareed Zakaria is the only person on TV who I've seen talk substance.

[PolkITPro]

Please pass this on. America, please wake up and fight for what WE stand for. We SHOULD and always were a united people. DO NOT let the idea of a ONE world - One power - Central ONE government false idea fake you. It's time to stand up and become a self sustained sovereign nation and we should only worry about ourselves. NOBODY else cares but they WILL watch us die and laugh!!! Sound sad???? Email me if you want to debate this. See TheSilverClip?blend=21&ob=5

[PissedFechtmeister]

What a bunch of idiots that have no idea how to solve the problem. Obama hasn't departed from what Bush did, he's put it into overdrive.

[ananiasacts]

The main reason I think they should increase it so they can get rid of it. It really isn't fair and should be phased out. This seems like an excellent way to do that--first by increasing it, but then phasing it out over 30 years or so.

About 1/3 of us own our homes outright, about 1/3 rent, and 1/3 have mortgages. This approach would enable the banks to write a lot of new loans to the folks who don't have mortgages but could easily afford them and would for the tax credit.

[AshillaBeige]

Because most politicians aren't as smart as you.

And also, then they won't be able to give to their corporate buddies whose companies should have drowned back in the Bush years.

[ananiasacts]

If we increase the mortgage interest tax credit, we increase both the value of homes, and the amount of disposable income homeowners have to spend. We also induce more people who can afford to own to buy them, and make it easier for banks to unwind their overexposure.

Why borrow dollars today to give to banks when we can dump just as much money into the economy by leaving homeowners free to spend more of their present income.

[xhagast]

What kind of people can do that? Now we know the answer.

Couldn't they simply propose different things? That they haven't is proof that they have no idea of what they are doing. It is insane. It doesn't seem possible. Still the evidence is before our eyes. I can only hope Obama is able to work without them. He should ignore them. Hopefully in a couple of years things will be good enough that people will vote Democrat and kick enough Republicans out to make governing easy.

[Ngooo]

Thanks Fareed Zakaria for creating a space in TV in which people speak like adults.

It's a shame though that people rather watch Hannity's circus in Faux News than Fareed's show.

[vikramkrishnan]

more importantly he does not keep interrupting more intelligent people

[il128]

So the repubs have succeeded in ruining the stimulus package... Destroying America to get elected.