Obama, former Enron advisor Paul Krugman writes, is Clueless. [rquoter] I’m with Simon Johnson here: how is it possible, at this late date, for Obama to be this clueless? The lead story on Bloomberg right now contains excerpts from an interview with Business Week which tells us: President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.” “I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.” Obama sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies. He plans to reiterate that message when he speaks to the Business Roundtable, which represents the heads of many of the biggest U.S. companies, on Feb. 24 in Washington. Oh. My. God. First of all, to my knowledge, irresponsible behavior by baseball players hasn’t brought the world economy to the brink of collapse and cost millions of innocent Americans their jobs and/or houses. And more specifically, not only has the financial industry has been bailed out with taxpayer commitments; it continues to rely on a taxpayer backstop for its stability. Don’t take it from me, take it from the rating agencies: The planned overhaul of US financial rules prompted Standard & Poor’s to warn on Tuesday it might downgrade the credit ratings of Citigroup and Bank of America on concerns that the shake-up would make it less likely that the banks would be bailed out by US taxpayers if they ran into trouble again. The point is that these bank executives are not free agents who are earning big bucks in fair competition; they run companies that are essentially wards of the state. There’s good reason to feel outraged at the growing appearance that we’re running a system of lemon socialism, in which losses are public but gains are private. And at the very least, you would think that Obama would understand the importance of acknowledging public anger over what’s happening. But no. If the Bloomberg story is to be believed, Obama thinks his key to electoral success is to trumpet “the influence corporate leaders have had on his economic policies.” We’re doomed.[/rquoter]
So do you now agree with Krugman's philosophies? You think Obama should be anti-Wall-Street? Or is this another one of your blog threads where you actually don't have an opinion of your own?
the significance is one of The Once's primary apologists has admitted the hopey changey stuff isn't working out.
Jeez dude Krugman's been on Obama since the primaries. He was promoting Clinton at the time. This isn't even the first time Krugman has gotten on Obama for his economic policies -- he was critical of the stimulus bill as well. Read some Krugman before you call him "one of Obama's primary apologists."
a 50+ grown man starting threads to point fun at you for not feeling hopey changey is the true issue here. he doesn't agree with the principles of the person's blog that he posted, he just wants to dig at you and write the The Won, hahaha
You realize Krugman has never been much of an Obama supporter, right? Obama is not too moderate for his tastes. He has been criticizing him since early in the 2008 primaries. You'd know this if you actually paid any attention instead of just looking for articles to regurgitate.
I feel the same as Krugman. It is obscene that the Wall Street bankers that got us into this mess in the first place are being paid exorbitant bonuses like they are. Unfortunately, the GOP is further in Wall Street's pockets than the Democrats have ever been...
Cripes, soon I won't even be able to tell who you're talking about. What is the name progression here? - Barack Obama - Barack Hussein Obama - Hussein Obama - Hussein - Messiah - The One - The Won - The Once Can't you just call him "Obama"? Is it difficult?
The inevitability of these basso threads is like the inevitability of opening your junk mail folder to see ads for penis enlargement and South American "pharmacies". And it is just about as likely to result in me actually reading the thing.
He probably realized it when you explained it to him the first time he started this thread over a year ago: http://bbs.clutchfans.net/showthread.php?p=4303651&highlight=krugman#post4303651 That's what you get from just copy pasting from Freerepublic all day long.
apt –adjective 1. inclined; disposed; given; prone: too apt to slander others. 2. likely: Am I apt to find him at home? 3. unusually intelligent; able to learn quickly and easily: an apt pupil. 4. suited to the purpose or occasion; appropriate: (an apt metaphor; a few apt remarks on world peace.) 5. Archaic. prepared; ready; willing.
Obama's flip flop from "i hated it" during the SOTU to "hey, baseball players make that much!" a week later? embarrassing indeed. Spoiler but not half as embarrassing as having voted for this fool.
