Krugman Is Doubful Plan Will Work....
 

Hate to be a wet cloud but this nobel prize winner makes a lot of sense, so i wouldnt get to excited about the dow, its just a bear market spike.....

http://www.bloomberg.com/avp/avp.htm...ZI_slDhbLY.asf

Also remember he also thinks the stimilus should of been three times as big.

He didnt think it should have been three times as big, he thought it would have needed to be at least three times as big to make dent.

He must be very respected as his analysis is getting massive airplay on all the network talk shows...

yes he is a good guy and brillant

I think "nobel prize in economics" pretty much speaks for itself don't you think?

If Krugman does not like the plan then it cannot be all bad. Krugman is renowned for being consistently wrong on most things so perhaps there is hope after all.

Don't forget Milton Friedman :)

yeah that's how he won his nobel prize, by being wrong.

Yes, I am well aware of his status...but that does not necessarily equate with having the vast following Krugman seems to be getting lately.

I ____ you so.

His theories which won the Nobel Prize are obviously well respected but that in itself does not mean he is a good prognosticator. He has a well earned reputation for making bad predictions and twisting facts to suit his agenda. He more more of a political activist than an economist at this point in his career.

Of course that is likely why you like him so much. :winkwink:

All I'm saying is that if I need brain surgery and my choices are YOU and a brain surgeon. Well I'm going with the guy who actually knows something about brain surgery.

Good call Gator........ make sure you go to a brain surgeon rather than someone who peddles porn

A porn peddler would probably try to make content out of your brain :1orglaugh

How many times has he been right and wrong about the economy? That's the only thing that matters when it comes to whether or not he's worth listening to.. The Nobel Prize certainly doesn't...

99% of all the so called brilliant, respected and knowledgable economists got it all wrong and so anything they have to fucking say now doesn't matter. I just love all those morons who get on TV now and get all fucking worked up because they got raped just like everyone else... LOL.. If they got fucked in the ass, why should we listen to them? It's the guys that MADE money becasue they knew it would happen are the ones everyone should be flocking to.

The fact is that NO ONE knows what to do without a shadow of a doubt. You've got half of them saying do A, another group saying B, another C.. If they were all so fucking smart and truly knew what needed to be done they'd all be able to agree on it. Since they don't, you can basically throw out anything any of them have to say.. Some are going to be right.. a hell of a lot more wil be wrong. Only history will be able to tell us which is which and at this point we're all just guessing...

No you wouldn't... You'd go with the guy that actually performed, and was currently performing, the most successful number of brain surgeries of your type when compared to anyone else. You wouldn't pick a brain surgeon based on the number of awards he had.

I would have to agree with you there. But when choosing a brain surgeon you would be wise to consider his track record. Anyway Krugamn is far from alone in doubting Obama's current proposals.

Well, its clear to a lot of people that he will be right because the US govt can only restore the economy by recreating the conditions of excess credit that actually caused the problem but yet this is what theyre trying to do. All the growth in asset prices was credit fuelled, take it away and everything collapses - the new plan is basically the same thing dressed up in different clothes.

Schiff explains the situation quite nicely:

https://youtube.com/watch?v=qk2Pb...eature=related

The reality if the situation is that we're trying to inflate away the bubble by printing trillions, and by reducing interest rates to NOTHING at the same time we're robbing retired people of their ability to live. Its just despicable. All these politicians are doing is making it worse, what the hell do they know about economics? I bet 99% of them couldn't pass econ 1 and I bet 99.99% of them don't even read these bills they pass, including Obummer.