Stiglitz: Obama Has Confused Saving the Banks with Saving the Bankers. Democracy Now 2/25/09 3 of 3

We get reaction to President Obamas speech from Nobel Prize winner and former World Bank chief economist Joseph Stiglitz. Stiglitz says the Obama administration has failed to address the structural and regulatory flaws at the heart of the financial crisis and in the way of economic recovery. [includes rush transcriptpartial]
http://www.democracynow.org/2009/2/25/stieglitz

Category:

News & Politics

[youcantbeatfacts]

To the lady of Now Democracy. Thank you and congratulations for your insightful, interesting, revealing and professional programs

[chiscotheque]

what the anti-government wildwest attitude of the u.s. ignores is, amongst other things, a point touched on here: putting money into infrastructure, assets, etc., saves money in the long-run. not only money (for those of you whom that even makes sense) but it saves people from misery, loss, and death.

[bullshitohen1]

america is falling, economicaly, millitarily and culturaly. its done for, they know it, europe knows it, everybody knows it. Europe is the new light of the western world once again! Good times :)

[arzoyan]

So many intellectual pimpsters to maintain the wage slavery of the working men and women .

[youcantbeatfacts]

Dr. Stiglitz. please dont refer to Obama as if he were someone who has taken decisions. Obama does not understand a single word of what is going on. He is just a face for the public and a script repeater, of what the economic advisors say

[chiscotheque]

rules, regulations, what you call government involvement is what levels the playing field. the so-called free market is itself slanted, the government's removal of said regulation "destroyed the level playing field" - the problem money and power unfettered created. you insist capitalism and the "free" market is idyll and ideal, an idee fixe you seemingly can't even question or redoubt. like a patriot, unable to see himself and his country for the jingoism.

[Lieslann]

Thank you, 'chiscotheque', for putting in this comment of yours: so many people in the US (and elsewhere, by the way) seem to forget how much a government can do...

What you say is SO true.

[chaseef]

Stiglitz says the free market has failed, then two sentences later 8:30 admits that the US had 'destroyed a level playing field'.

So if we haven't had free markets in a long time, why are you blaming them?

Obviously Stiglitz is a smart guy, but why cant any of these Keynesian people see that fact. We have never had 'free trade' or 'free markets'.

Government to the rescue to save us from the problem they created.

Oh well, Stiglitz would still be 100x better than the Summers/Geithner crowd.

[cazacriter]

si he a nobel prize winner he looks like an idiot

[lucius1976]

Why all only listen to Peter Schiff and Marc Faber? Terrific guys indeed, but this guy isn´t bad either. But, just 1100 views? Peter Schiff tubes get that in an hour even if he often is repeating things he already said.