Article

2010-02-11 Economy

Krugman calls Obama 'clueless,' says 'we're doomed'

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Posted by Fred 2010-02-11 00:00|| || Front Page|| [11124 views ] Top

#1 Kettle meet Pot. Two poster children that show one can have all the academic paper in the world, but not have one wit of common sense.

Posted by Procopius2k 2010-02-11 06:36|| 2010-02-11 06:36|| Front Page Top

#2 Krugman was talking about socializing losses back in Sept. 2008.
losses are public but gains are private -- There are lots of other terms for the same process: "corporate socialism," "crony capitalism," "corporate welfare," but my favorite is "privatize the gains, socialize the losses." What Krugman has failed to get all along is that Obama was and is clueless.

Posted by Anguper Hupomosing9418 2010-02-11 07:46|| 2010-02-11 07:46|| Front Page Top

#3 It's classically called "corporatism", AH, and the stuff about privatizing gains and socializing losses was originally said by an Italian critic of Mussolini. Given that Krugman *is* a corporatist, given his insane, inexplicable fondness for Nixon-era economic policy & John Kennen Galbraith, I don't know what he's on about.

Posted by Mitch H. 2010-02-11 08:20|| http://blogfonte.blogspot.com/ 2010-02-11 08:20|| Front Page Top

#4 And by their words and deeds you shall know them.

This is true unmitigated facsism plain & simple.

Posted by AlanC 2010-02-11 08:23|| 2010-02-11 08:23|| Front Page Top

#5 "[H]ow is it possible, at this late date, for Obama to be this clueless?"

Maybe he was also clueless early on.

Posted by JohnQC 2010-02-11 08:42|| 2010-02-11 08:42|| Front Page Top

#6 Corporatism was also the popular name used by British elite for Nazism last century.

Posted by Lumpy Elmoluck5091 2010-02-11 10:51|| 2010-02-11 10:51|| Front Page Top

#7 Obama, knowing most of us are tired of his rhetoric, is trying something new?

For the next week, my speeches will be in Swedish. My regular teleprompter operator is out ill and his assistant speaks no English.

Posted by BigEd 2010-02-11 15:38|| 2010-02-11 15:38|| Front Page Top

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