No more hiding behind the troops.
http://mobile.nytimes.com/2015/05/15/opinion/paul-krugman-fraternity-of-failure.html?referrer=
http://mobile.nytimes.com/2015/05/15/opinion/paul-krugman-fraternity-of-failure.html?referrer=
The fraternity of failure.
- Thread starter Duck_walk
- Start date
S
Stevedangos
Guest
What specifically isn't true?
You stop hiding behind the troops too.
Getting people killed for no reason isn't patriotic.
What part? Please be specific. Shrub was a disaster and ANYONE hiring his neocon handlers should be summarily dismissed as an effective leader.
A
ag-man
Guest
Nice opinion piece by Mr. Krugman.
When things are going to hell in a hand basket, blame Bush, the president from 6 years ago. Or better yet, start character assassination of his brother, a potential candidate.
Dang, as an independent, I truly don't like either major party, but the way the liberals bring up stuff from years ago to try to draw attention away from the disaster of this presidency makes me laugh.
I will vote for Rand Paul if he is on the ballot. I hate wasting my vote , but Republicans make me sick, Democrats make me sicker.
When things are going to hell in a hand basket, blame Bush, the president from 6 years ago. Or better yet, start character assassination of his brother, a potential candidate.
Dang, as an independent, I truly don't like either major party, but the way the liberals bring up stuff from years ago to try to draw attention away from the disaster of this presidency makes me laugh.
I will vote for Rand Paul if he is on the ballot. I hate wasting my vote , but Republicans make me sick, Democrats make me sicker.
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ag-man
Guest
If Dr. Carson is on the ballot, I will vote for him. If Paul is on the ballot I will vote for him. Doubt either will make it as they are good people.
Sadly , only lying, cheating, lowlife, worthless POS make the cut.
Sadly , only lying, cheating, lowlife, worthless POS make the cut.
What was inaccurate in the OP?
Jeb is wanting to use Shrubs foreign policy team.
Let that sink in.
It takes a special kind of stupid to think that's ok
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ag-man
Guest
I would agree on that particular area of the story.
Where I disagree was Krugmans obvious intent to insult Bush and basically blame the Bush family on everything wrong in the world.
Bush denyed housing bubble? Many would say the housing bubble was a product of the CRA implemented under president Carter in 1977. Strengthened by Clinton in 1995, then weakened by Bush in 2005.
Obamacare is not fully implemented yet, but there are signs it is indeed a job killer, full time jobs that is.
As far as the jobs report, if we add 220,000 jobs in a month, but lose 300,000 is that good news?
Fewer people looking for jobs might make the unemployment rate look better (as they don't count them) but with approx. 95,000,000 able bodied Americans on the public dole, our economic outlook doesn't look too bright.
These are my opinions, right or wrong, just as Krugman has his.
Arrrrrgh not the cra red herring.
The housing bubble is directly related to banks and savings and loans like countrywide offering a bunch of bad loans. The government didnt create this; private companies did. Fannie/Freddie actually stayed out of that market for the most part until around 2005/2006, at which point they bought some stupendously bad loans. The real cause of the bubble is that companies like countrywide started writing terrible loans because they could pass all those loans along to investors. Their underwriting standards were almost nonexistent because they didn't have to hold any of the paper.
Note that most of the really bad issuers/buyers (countrywide, Washington mutual, indymac, aig, certain investment banks, etc) weren't banks. They were not covered by federal banking regulations. They were regulated by the weaker savings and loans regulator or by the SEC.
If you look around the world, the regulatory environment that helps prevent housing bubbles is pretty simple - mandatory down payments from buyers, limit loans to people who have decent credit and who are borrowing an acceptable percentage of their income, force banks to keep a piece of what they issue, and limit their leverage to cap.
Also, Technically the 220k jobs number is a net gain - meaning if 300k people filed for unemployment, 520k people must have found jobs.
The 300k number is actually pretty low relative to historic norms. Take a look at 2007-2009 for what it can be in bad times.
The jobs market isn't perfect but when you look at measures like the number of job openings, new unemployment claims, hiring, etc the picture has slowly improved over 5 years. We are at the best point since the recession.
The housing bubble is directly related to banks and savings and loans like countrywide offering a bunch of bad loans. The government didnt create this; private companies did. Fannie/Freddie actually stayed out of that market for the most part until around 2005/2006, at which point they bought some stupendously bad loans. The real cause of the bubble is that companies like countrywide started writing terrible loans because they could pass all those loans along to investors. Their underwriting standards were almost nonexistent because they didn't have to hold any of the paper.
Note that most of the really bad issuers/buyers (countrywide, Washington mutual, indymac, aig, certain investment banks, etc) weren't banks. They were not covered by federal banking regulations. They were regulated by the weaker savings and loans regulator or by the SEC.
If you look around the world, the regulatory environment that helps prevent housing bubbles is pretty simple - mandatory down payments from buyers, limit loans to people who have decent credit and who are borrowing an acceptable percentage of their income, force banks to keep a piece of what they issue, and limit their leverage to cap.
Also, Technically the 220k jobs number is a net gain - meaning if 300k people filed for unemployment, 520k people must have found jobs.
The 300k number is actually pretty low relative to historic norms. Take a look at 2007-2009 for what it can be in bad times.
The jobs market isn't perfect but when you look at measures like the number of job openings, new unemployment claims, hiring, etc the picture has slowly improved over 5 years. We are at the best point since the recession.
I think bush is smart to not totally repudiate his brother. A lot of Rs like him. But man his foreign policy team was bad and it's bizarre that he wants to bring those names in.
You can hug your brother in public but make sure your team doesn't have the worst of his advisers.
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