tag:blogger.com,1999:blog-4223398383609158624.post2678909169573829738..comments2024-02-24T00:37:43.087-05:00Comments on The Other McCain: It's not every day I quote KrugmanRobert Stacy McCainhttp://www.blogger.com/profile/03084541621503669804noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4223398383609158624.post-47745138349670429722009-06-14T23:58:31.332-04:002009-06-14T23:58:31.332-04:00I guess you missed the last paragraph where Krugma...I guess you missed the last paragraph where Krugman praises Obama. Yeah we've lost a lot of value in the housing market in the last year. (Where did last three years come from? 2007 and 2006 were bubble years) We're going to lose more real estate value over the next two, especially commerical. But seeing as we've lowered interst rates to nothing to no effect monetary policy isn't gonna save us. Government has to spend when consumers and business can't to forestall a horrendous depression. Otherwise you all get to involuntarily go Galt. And starve.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4223398383609158624.post-85688254464241740412009-06-14T19:53:51.185-04:002009-06-14T19:53:51.185-04:00The problem is that Krugman either has no idea wha...The problem is that Krugman either has no idea what caused all this, or else is so politically warped that he will simply never admit it. The day he acknowledges that the Federal Reserve's utilization of fractional reserve banking to create money out of thin air fueled the boom, the bust of which we will be feeling for the next ten years -- at least -- because all Obama will do is try to reinflate it, but with higher taxes, is the day you can agree with Krugman.Bertnoreply@blogger.comtag:blogger.com,1999:blog-4223398383609158624.post-7013414928478643922009-06-14T17:34:51.016-04:002009-06-14T17:34:51.016-04:00Stacy:
You forgot to re-link to your "It Won&...Stacy:<br />You forgot to re-link to your "It Won't Work" post. <br /><br />I gotta love Joe Biden (no actually I hate his guts) when he says "we all guessed wrong". How about that- what were the odds on that happening after they let Nancy Pelosi and company wrote the stimulus package.I'm Full of Souphttps://www.blogger.com/profile/00241724007440718575noreply@blogger.com