Uppity Wisconsin
Making Wisconsin Progressive Again
Obama Needs to Nationalize Now
Wed, 02/11/2009 - 7:39am | mal contends
Update II: Krugman - "Nationalization is actually as American as apple pie."
Update: Time Magazine - "According to Reuters, there are over 8,300 FDIC-insured banks in America. Last August, dour economist Nouriel Roubini told Barron's that 1,400 banks in the U.S. would eventually fail."
The Obama administration can pivot fast, but there is no doubt that Wall Street and policymakers (some of whom are being earnest) want more specificity on how Obama will manage the bank bailout plan.
As part of the American Recovery and Reinvestment Plan, Obama needs to move decisively on the bank bailout with lots of a details, clear timeliness and delineated scope in a manner that would make project management professionals proud.
Update: Time Magazine - "According to Reuters, there are over 8,300 FDIC-insured banks in America. Last August, dour economist Nouriel Roubini told Barron's that 1,400 banks in the U.S. would eventually fail."
The Obama administration can pivot fast, but there is no doubt that Wall Street and policymakers (some of whom are being earnest) want more specificity on how Obama will manage the bank bailout plan.
As part of the American Recovery and Reinvestment Plan, Obama needs to move decisively on the bank bailout with lots of a details, clear timeliness and delineated scope in a manner that would make project management professionals proud.
Tags: GOP Panicks as House Votes on Obama Stimulus Plan
Wed, 01/28/2009 - 10:18am | mal contends
Krugman: Large fiscal expansion needed
Mon, 12/01/2008 - 9:46am | mal contends
Update: National Bureau of Economic Research says the U.S. economy fell into a recession last year.
Among the pathological programs pursued by the Bush administration is its enterprise to turn the national debt from prospects made in 2001 of the debt being completely paid off in 10 years to upping the debt to $10 trillion.
'Deficits don't matter,' infamously mumbled Dick Cheney at a high-level meeting that was recalled by former Treasury Secretary Paul O'Neil.
Worse is the wish list that the rightwingers wanted from the future administrations dealing with the massive debt: Eliminating those awful programs like Social Security and Medicaid and Medicare which would become unsustainable because of the debt purposefully piled up by Bush and Cheney.
Nobel Prize-winning Paul Krugman warns today that president-elect Obama should not clean up the fiscal mess immediately in the face of a dangerous recession, and views government spending as a economic imperative to ending the recession:
Among the pathological programs pursued by the Bush administration is its enterprise to turn the national debt from prospects made in 2001 of the debt being completely paid off in 10 years to upping the debt to $10 trillion.
'Deficits don't matter,' infamously mumbled Dick Cheney at a high-level meeting that was recalled by former Treasury Secretary Paul O'Neil.
Worse is the wish list that the rightwingers wanted from the future administrations dealing with the massive debt: Eliminating those awful programs like Social Security and Medicaid and Medicare which would become unsustainable because of the debt purposefully piled up by Bush and Cheney.
Nobel Prize-winning Paul Krugman warns today that president-elect Obama should not clean up the fiscal mess immediately in the face of a dangerous recession, and views government spending as a economic imperative to ending the recession:
(C)ircumstances right now are anything but normal. ...
Go for the Juggler, Obama
Fri, 11/07/2008 - 11:14am | mal contends
Paul Krugman has a piece in the Times this morning advocating that President-elect Obama pursue a full-blooded “progressive agenda.”
In opposition to the warnings of the center-right pundits who recommend that Obama go slow and not attempt too much change, Krugman echoes most citizens in our democracy who advise or more accurately demand: Change.
That rabble! And it’s all going so well.
Seriously, in light of the gargantuan problems facing our country and the irrefutable electoral mandate, in which direction do you think Obama will direct his legislative and administrative agendas?
Putting aside the ludicrous notion that we are a center-right country that discredited-by-facts pundits are spewing (and didn’t we just have an election or two these last two years repudiating the thesis?), Obama can be counted on to go for the juggler.
That sage advice decided upon by the American people in the 2008 election is called an “electoral mandate.”
In opposition to the warnings of the center-right pundits who recommend that Obama go slow and not attempt too much change, Krugman echoes most citizens in our democracy who advise or more accurately demand: Change.
That rabble! And it’s all going so well.
Seriously, in light of the gargantuan problems facing our country and the irrefutable electoral mandate, in which direction do you think Obama will direct his legislative and administrative agendas?
Putting aside the ludicrous notion that we are a center-right country that discredited-by-facts pundits are spewing (and didn’t we just have an election or two these last two years repudiating the thesis?), Obama can be counted on to go for the juggler.
That sage advice decided upon by the American people in the 2008 election is called an “electoral mandate.”