Capitol Hill Blue Forums Political Issues The Obama Administration 6,825.42 Nice job Mr. President

The Thin Line Between Socialism and Capitalist Nirvana

Facts have such a liberal bias.

Bizzare phenomena that - but true - and "they" eat it up.

Oh! Please lie to me more! ***Uh...oh...uh...oh...***

(TMI )

...like me!

So, that is Krugman's fantasy of the day. Too much saving and not enough spending. I detect the strong odor or Keynes in the room. Here is a question he might want to answer -- or not. What produced the "glut of savings", and what incentives directed it to where it went?:-)
Yours,
Issodhos
P.s. If memory serves, it was Hayek who stated that jobs in an inflationary economy required increasing inflation if those jobs were to be maintained.

The stats for March 3, 2009

6,726.02 -37.27 -0.55%

Jeeze, I didn't know that Salma Hayek was an economist.

This period of time was the start of federally mandated bad loans. Through the efforts of Jenet Reno and the Reno DOJ the path was set that ended in the sub-prime "crisis". Federal blackmail caused this mess. Political Correctness perpetuated it and this administration is going to use it as an excuse to inflict "much needed" social change on America.

I do not care how much other people make, it isn't any of my business, but I guess many here think it is theirs. The market was down another 4% today. As much as you try, this is an Obama effect. You can make all the excuses about how the markets don't like Obama and that the fat cats are afraid of losing their money, but the fact remains that the markets are an accurate reflection of our financial stability and the health of our country. Right now, Obama is kiling the US. To paraphrase another liberal sycophant "The country has a fever", and Obama is the cause.

I watched that guy Jim Kramer last night, spouting and spewing at Obama. He kept saying that the president is not in touch with what most people are worried about -- the market. I thought, "Gee, fat cats are really scared!"

Regardless of what anybody says, I do not believe that "most people" are worried about the stock market. I do believe that they are worried about keeping their jobs, keeping their houses, and the price of food and day care, and praying that they don't get sick.

EmmaG

so how exactly did this spur the roaring trade in derivatives? how exactly did these actions - assuming that you are correct in your analysis - cause financial institutions(and millions of investors, credit card maxers) worldwide to throw caution to the wind?

such simplicity in your analysis is breathtaking. but its an analysis that servers your current political point.

Amazing how you werent pointing to this action of federal blackmail as the reason for the huge stockmarket boom, prior to the crash. ohh then it was the triupmh of free marketism (I know Isshodos, I know, but this is what the Rushpublicans were saying at the time!) funny that isnt it?

Actually I believe that itstarted laid the sequence of events out for everybody on RR. The banks make bad loans, those bad loans were packaged according to risk and sold as securities by Fannie and Freddie. These securities were sold and resold around the world.

There is a reason that they were called sub-prime and it had nothing to do with interest rates.