Thursday, September 2, 2010

Economists out of their depth as economy sinks

Death by globalism

Naval-gazing economists who can't (or won't) see the elephants in the room.

Posted by icarus @ 09:48 AM (1162 views)
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5 thoughts on “Economists out of their depth as economy sinks

  • I agree with most of what he says, but not sure what he means by ‘the hyped Greek, Spanish, and Irish crises’.
    Also I agree in principal with cutting military spending rather than ‘Social Security, Medicare, Medicaid, food stamps, and housing subsidies when 15 million Americans have lost jobs, medical coverage’, but won’t doing that just add to unemployment?
    All in all a piece imo.

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  • should read, all in all a good piece, oops.

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  • You can see this in many ex industrial towns here in the UK , as our industry has been shifted overseas these towns have become dumping grounds for the unemployed and unemployable, unless we can complete with the slave wages paid in China these towns will never recover and I suppose will become deserted. As Europe has relied heavily on the US for military protection from Russia for the last 50 years the thought of the US pulling out of Europe must cheer the Russians.

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  • Perhaps the 2.4 trillion missing from the Pentagon would have helped novice pete.

    I guess flying planes into the Pentagon accounts department and Tower 7 (Enron) doesn’t really help with getting to the bottom of these

    economic problems for American citizens, or are they now subjects. Things are changing so fast.

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  • Typo… A plane never hit Tower 7. oops.

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