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Debt, Depression, DeMarco

By tovarichpeter   Follow   Fri, 3 Aug 2012, 10:09am   519 views   5 comments
In South San Francisco CA 94080   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://www.nytimes.com/2012/08/03/opinion/krugman-debt-depression-demarco.html?hp

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1. FortWayne Follow Befriend (13) 102 threads 3,763 comments

   1   10:20am Fri 3 Aug 2012   Share   Quote   Permalink   Like   Dislike   "many economists believe that the overhang of excess household debt, a legacy of the bubble years, is the biggest factor holding back economic recovery." In capitalism you have to let enterprises and individuals fail, no bailouts. It's how people learn not to make mistakes again, by failing. Now left simply wants to bail out everyone who they can just to buy votes. Lets be realistic, biggest bailouts are going to the big banks and the deadbeats who are convenient excuse for it. Obama's policies are idiotic at best and are ruining this nation, because they do put us into more debt just for a short term convenience for a few. No more bailouts for anyone. Obama and his crony capitalism needs to take a hike and learn how American capitalism works.

2. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 170 threads 4,188 comments Premium

   2   10:23am Fri 3 Aug 2012   Share   Quote   Permalink   Like   Dislike   The Japanese have together. You fuck up big - tear your guts out with a sword and die. I say we send all the TBTF bank execs a nice set of ceremonial swords and instructions on doing the right thing.

3. jhall Follow Befriend (3) 23 threads 130 comments Minneapolis, MN

   3   11:32am Fri 3 Aug 2012   Share   Quote   Permalink   Like   Dislike   "If our economy is still deeply depressed, much — and I would say most — of the blame rests not with Mr. Obama but with the very people seeking to use that depressed economy for political advantage." -Paul Krugman If we truly had a liberal-biased media, we would be reading a lot more stories and opinion pieces like this one by Krugman. How (many of our) elected officials can present their actions as benefiting the country they claim to love is outrageous. Limbaugh stated at the beginning of Obama's term that he wanted to see him fail, and it seems that many Republicans think the best way to get back in the White House is hold us all hostage and not let any forward-thinking bills pass (and when they do, vow to spend their time dragging us all backward). To not approve the President's appointments is a rotten game...

4. HEY YOU Follow Befriend (4) 330 threads 917 comments

   4   10:51am Sat 4 Aug 2012   Share   Quote   Permalink   Like   Dislike   I'm glad Bush & all Republicans were totally against TARP, unfunded tax cuts & unaffordable war.

5. monkframe Follow Befriend 7 threads 187 comments Pacifica, CA

   5   8:29am Sun 5 Aug 2012   Share   Quote   Permalink   Like   Dislike   These debt restructurings could be done in a way that protects the taxpayers, since we are the ones really holding all the mortgages through Fannie and Freddie. But no, let's let the Depression go on and get worse for political advantage. Disgusting.