POLITICS SEPTEMBER 1, 2009
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Simon Johnson, professor at MIT's Sloan School of Management, senior fellow at the Peterson Institute for International Economics, and co-founder of baselinescenario.com, argues that the Obama administration may be doing more to set up future economic fires than they are to put out current ones.
1 comments
What Johnson points out here is what needs to be stressed if we are to avoid future replications of what Johnson points out here. Bernanke, Geithner and Summers Inc. are being praised for stopping what Bernanke, Geithner and Summers Inc. helped to bring about in the first place. And now Bernanke, Geithner and Summers Inc. will, in coordination with Congress Inc., "reform" the finance industry so that Obama can turn to Bernanke, Geithner and Summers Inc. in his second term to put out the new fires. Someone once said [I think it was me] that doing the same thing over and over and expecting different results is synonymous with pouring more and more campaign contributions into the coffers of those who own and operate New World Order and expecting socialism. So, it is up to the mainstream media to figure out new ways of convincing the voters that the same results really are different. And that those who say this is bullshit [people like me] are far worse than socialists. They're liberals. Ouch. That's quite a thumping. george
- iambiguous
September 2, 2009 at 10:52am