Health care: follow Timothy Noah at Slate. He's clearly got no enthusiasm in his rhetoric for real health care reform. He's still tip toeing around the private ensurers promise him the gov't won't be a competitive threat. Hello. The whole point of a gov't medical program is to provide essential service cheaper than the private sector. It's worked in every other industrial country and REFUSING to do it in the USA because of _lobbying_ is _corrupt_.
I didn't say anything about miraculous transformation. I would have expected he would not make the financial crisis worse. But clearly, he HAS. He has ok'd a plan from Geithner that has been systematically discredited. (http://www.huffingtonpost.com/jeffrey-sachs/the-geithner-summers-plan_b_183499.html not some random blogger this is a professor of economics from Columbia University). Do you understand how critical this issue is? Billions of dollars that destitute people in tent cities desperately need...for their present needs, for the developmental welfare of their +children+ are going UNSPENT. Because the banks are bleating about needing the money. Even though when they GET their money, they do NOT increase their lending...which was the JUSTIFICATION for giving out that money in the first place! http://www.marketwatch.com/news/story/Banks-say-theyre-lending-theyre/story.aspx?guid={4280B32E-53CB-49A7-8DC8-D0E95F855358} Now, the article says the banks SHOULDN'T lend. Fair enough. but that doesn't explain why since this is demonstrated there isn't a whisper about changing a policy that CANNOT accomplish its goals.
This is not an abstract issue. The economy is about the human suffering or not of now millions of people. And Obama is facilitating the bankers looting the public treasury. The money we loan to the bankers cannot go to other causes. Note how no one is buying American TBonds in bulk except the Fed, which is a branch of the gov't! This means the gov't has reached its international credit limit. The only way to get more money is by inflation. Which will wipe out the savings left over from the stock market crash. He took the last gasp in the gas tank and SQUANDERED it on a fool's errand. Now...was he stupid, or corrupt? Given that the only people he's listened to on economic policy have been the bankers involved in the fiasco, rather than say, economists or social scientists or bankers from _successful_ banks...I'm inclined to think he's a crook like Blago. It is at the very least a _strong hypothesis_.
(looks wry (part 1))
I didn't say anything about miraculous transformation. I would have expected he would not make the financial crisis worse. But clearly, he HAS. He has ok'd a plan from Geithner that has been systematically discredited. (http://www.huffingtonpost.com/jeffrey-sachs/the-geithner-summers-plan_b_183499.html not some random blogger this is a professor of economics from Columbia University). Do you understand how critical this issue is? Billions of dollars that destitute people in tent cities desperately need...for their present needs, for the developmental welfare of their +children+ are going UNSPENT. Because the banks are bleating about needing the money. Even though when they GET their money, they do NOT increase their lending...which was the JUSTIFICATION for giving out that money in the first place! http://www.marketwatch.com/news/story/Banks-say-theyre-lending-theyre/story.aspx?guid={4280B32E-53CB-49A7-8DC8-D0E95F855358} Now, the article says the banks SHOULDN'T lend. Fair enough. but that doesn't explain why since this is demonstrated there isn't a whisper about changing a policy that CANNOT accomplish its goals.
This is not an abstract issue. The economy is about the human suffering or not of now millions of people. And Obama is facilitating the bankers looting the public treasury. The money we loan to the bankers cannot go to other causes. Note how no one is buying American TBonds in bulk except the Fed, which is a branch of the gov't! This means the gov't has reached its international credit limit. The only way to get more money is by inflation. Which will wipe out the savings left over from the stock market crash. He took the last gasp in the gas tank and SQUANDERED it on a fool's errand. Now...was he stupid, or corrupt? Given that the only people he's listened to on economic policy have been the bankers involved in the fiasco, rather than say, economists or social scientists or bankers from _successful_ banks...I'm inclined to think he's a crook like Blago. It is at the very least a _strong hypothesis_.