I wish I’d known Krugman was available, I’d have been there.

But, you see, Krugman will never be wrong. It is mathematically impossible.

If the stimulus doesn’t produce jobs, well, then, you say you didn’t spend enough. You can’t lose, there is no way to prove you wrong.

This thread is old, so no one will see this, but a system, such as SS which is increasingly having less and less current workers supporting retired workers will fail no matter what tax system you use to support it eventually.

The later investors (taxpayers) will not be able to pay the older investors (retirees) their expected return (benefit). THAT’s a ponzi scheme.

I can see why you say the BS has baffled your brains. Krugman already favors a much bigger Ponzi scheme than Madoff.

After having seen a number of countries operate on his principles be run well into the ground, with not just some people poor, but nearly all, it’s a wonder anyone listens to him anymore.

But, I guess the problem in China pre-1990 was not enough stimulus.

Ever heard of throwing good money after bad?

Of course, Krugman might say throwing good money after bad is the best thing to do.

That’s why he’s a professor and not responsible for anyone’s money.

Yeah, we stole TONS of oil from Iraq. We’re f’ing swimming in it.

Don’t you realize we can buy all the oil we want from anybody? There is no reason to steal it. Just a complete load of baloney.

The IAEA “agreement” is only an agreement to talk about what inspections Iran might accept, not any actual change to the current situation.

That’s like your mortgage bank agreeing to accept your call requesting a stop to foreclosure and celebrating.

Really, what Booker’s comments reveal is that a huge percentage of the people in this country depend on equity and private equity. There is nowhere near the us vs. them situation it was 50 years ago.

My question is how soon after Dec. 31, 2014 will Karzai be swinging from a tree? I give it a month, maybe 2.

I’ll grant there are some nice words being said. But, no actions that are any different.

This is so odd. I doubt you’d swallow this kind of line from the GOP, yet you take Iran’s talk at face value.

During all the talk and sanctions, Iran has continued to progress down the road with no detours. The ONLY thing that has slowed them are the STUX and the odd cars of scientists having indigestion.

Now, if Iran announced it would allow unfettered access to all sites and all suspected sites, etc. then I’d believe they were negotiating in good faith.

If Schumer taxed “hot air in Washington,” the debt problem would be solved quickly.

Good analysis. You would think having cheaper solar panels coming into the country–thereby making solar feasible for more people and more competitive with oil would be REWARDED by Obama.

Who cares about global warming? We want our millions.

Or, let’s figure out a way to make sure all the bad loans we made don’t tank. To hell with global warming, I’ve got to get re-elected!

You must be one of those people who thinks money drops from the sky.

Printing money means NOTHING. Someone, somewhere has to BUY that money–bonds–for it to mean anything. If no one buys the bonds–loans the money–you have nothing.

If you try printing without anything backing it, you get hyper inflation, like Germany in the 20′s–and you know where they ended up.

Helped? You talk like that wasn’t the plan.

No, Obama works for Obama. When you get that, it all makes sense.

You think he is playing to somebody. It might be that McConnell’s goal was to make him a one term President, but Obama’s goal, at this point, is only to be a two term President.

However he can get to that is who he is playing to. There is no other consideration between now and November.

Greece is about to find out what placating the left does.

They will not make it to the elections before collapsing. Not due to austerity, but due to people recognizing the truth of the situation.

No one in their right mind would loan Greece ANY funds now. With the new guy, who is likely to win enough votes to form a government, talking about nationalizing banks and very likely stiffing foreign lendors, no one is going to lend them anything.

Would you give money to someone who is basically telling you they aren’t going to pay you back?

Greece is going from a tough austerity to a damn crying-shame depression at the insistence of voters. Austerity is going to look awfully nice in retrospect.

They will literally not have the money.

Like with Madoff, someday the money runs out and the party stops.

Had Greek voters accepted a bit of pain to get themselves back on track, they’d be OK. But, they wanted the all night drunk with no hangover. And now, everyone is heading for the exits.

They won’t make it to June elections before collapsing. The new guy will preside over a dead corpse.

Europe is best to let them go their own way. Spain and the others will see how it goes and likely stick with the program.

Yes, I heard he told a guy who was out of a job and having difficulty buying food that his problem was that he wasn’t spending enough.

This is odd since many express no confidence in Elizibeth Warren accountability.

This is odd. It is kind of like, when you lose your job, you can expect to not live so well until you get a new one.

The creaky floorboards have been around for years with guys like Krugman saying, “no big deal, don’t worry.”. No repairs got done, and we’re falling through the floor. And, you can’t “wish” the broken boards to stay whole.

For Greece, the end is near, literally. They won’t make it to June. Austerity is going to look pretty good then.