Just because you have a econ degree doesn't make you some expert economist.
Here is a hint, all economists are worthless political hacks including the central planners at the Federal Reserve whose track record of forecasting the economy has been equivalent to Kim's with Husky Football.
Paul Krugman gets the Nobel Prize when in 2001 he said that we needed to create a housing bubble to get the economy going again. How did that work out?
And the right wing economists who thought Bush's economy was so great in 2006-2007 are not any better.
Bottom line is if you haven't figured out you should be a libertarian by now then you can go die in a fire.
Obama has done more or less what he said he was going to do, which was to end Bush's devastatingly stupid wars, re-establish America as a respectable force in world affairs, orate in complete sentences so as not embarrass the nation on the international stage at every turn, shift the race discussion to the next level, enact at least some modest education reform, protect women's rights, defend the middle class, slap back the GOP's toxic plot to rule American politics for the next 75 years and usher in an impossibly variegated, increasingly messy era of barely controlled, women-empowered, multicultural chaos in which old, fear-soaked white men no longer control every election, industry, media, cultural discussion, power source and hunk of propaganda in the nation.
And how about the Affordable Care Act? So horribly mismanaged, watered down, blocked, lied about and spit upon that it's almost impossible to tell that it's a pretty good law overall, one that will reverberate for years and benefit millions, despite the raging lies and laughable rhetoric of the right. Word.
Another thing: When Obama took office, the Dow was a desolate, gut-wrenching 800 points and plummeting like a suicidal eagle. Every pundit from the Wall Street Journal to the Economist declared that America's unprecedented combination of a failed war, brutal housing crisis, recession, auto industry collapse and manufacturing exodus was a perfect storm of economic cataclysm that would take at least 20 years to fix, if that. Obama said he'd do most of it in four. Maybe five.
Behold. Both the Dow and S&P 500 have reached record highs. In just five short years, the economy, while maybe not exactly "booming," has more than fully recovered in nearly every category. The auto industry is flourishing anew. There's also 1.5 million new jobs, and unemployment has steadily dropped to a slightly more reasonable seven percent.
In short, the guy accomplished the unimaginable. We are now as stable and strong as can be for a fractured, deeply corrupt, post-9/11 nation on the verge of perpetual economic and environmental apocalypse. Miraculous? Damn straight.
One final FACT: 9/11 happened under Bush's watch, despite intelligence that was available to him that an attack was immanent. I'm sure he wanted the attack to happen so that he can start a war with Iraq. Then not long after Obama took office, Osama was taken out and now swims with the fishes.
HO. Lee. Fuck. Do you realize you're no different than the right wing you blame? Two sides, same coin. And you suck at economics, apparently.
Economics major at Evergreen with a minor in political science. Finishing my MBA at UC-Berkeley.
This country has been since Obama took over, and all of your racist bigotry is blinding you to that fact, Mr. Sterling.
Can it get better? Yes. Capitalism does not work and the sooner the wealth in this country is redistributed, the better.
Just because you have a econ degree doesn't make you some expert economist.
We can end the thread on this poast. You have always been one of my favorite poasters chest, keep up the great work
If you have an Econ major then let me know right away so I can tune out every fucking word you say as I know most likely your professor who is publicly paid drilled in your head the worthless fucking drivel that is Keynesian economics.
Common sense is fun, conservatives and liberals alike should try it sometime.
Krugman acts like he's different than the conservatives. He supports oligarchs in the same way they do. Which oligarchs does one support has become the only difference between the conservative and liberal camps. America has truly lost it's way.
Comments
Here is a hint, all economists are worthless political hacks including the central planners at the Federal Reserve whose track record of forecasting the economy has been equivalent to Kim's with Husky Football.
Paul Krugman gets the Nobel Prize when in 2001 he said that we needed to create a housing bubble to get the economy going again. How did that work out?
And the right wing economists who thought Bush's economy was so great in 2006-2007 are not any better.
Bottom line is if you haven't figured out you should be a libertarian by now then you can go die in a fire.
And Green Party > Libertarian
If you have an Econ major then let me know right away so I can tune out every fucking word you say as I know most likely your professor who is publicly paid drilled in your head the worthless fucking drivel that is Keynesian economics.
Common sense is fun, conservatives and liberals alike should try it sometime.
And he's right. Piketty nails it
mobile.nytimes.com/2014/04/25/opinion/krugman-the-piketty-panic.html?referrer=
morphine dripfed funds rate @ 0% will be hard to come off of. It has masked a lot of underlying problemsThen again, he's prob just a Reed College troll trying to make Evergreen (Go Geoducks!) look bad