Barack Obama, an economics ignoramus?

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Why is that all the economists who saw this collapse coming ( mainly the austrians like Peter Schiff, Marc Faber,Lew Rockwell, Ron Paul, and Jim Rogers) are now also saying we are only making this worse and Obama has no clue what he is doing. Shouldnt Obama be listening to the guys who had gotten it right instead of Bernanke who as late as June 2008 said the fundamentals of the economy are strong?
mountain - something tells me the guys that got it right the first time are going to get it right the second, and someone that got it wrong the first time cant get it right by doing the same wrong things. Capiche?
February- the austrian economists ALL got it right. What are you talking about?
The Austrians have NOT called for a stimulus package. That is a fairy tales economics idea, aka keynesianism.
february- If someone had listened to the Austrians in the first place, who were WARNING ABOUT THIS COLLAPSE, WE WOULD NEVER BE HERE. ARE YOU PAYING ATTENTION?

RON PAUL WAS TELLING CONGRESS ABOUT THIS AS EARLY AS 02!!!!!!!

WAKE UP!
WE didnt get here because of the austrians. We got here because of the cheap money policy and the horrible fiscal policies of our government. Man you are helpless.
Case- If someone has been consistently right, shouldnt you start listening to them? OMG ARE YOU PEOPLE FUCKING STUPID OR WHAT?
Good job leftists not one sound argument out of you guys. No wonder this country is doomed. Its populated by a bunch of clueless people.
 
LOL you actually listen to those free market extremists?


just leave it to the free market. maybe capitalism WILL collapse
 
YES he is an economics ignoramus. I would elaborate, but that sums it up nicely I think.
 
People like those you have listed will always be ratings grabbers. I support Ron Paul, and Peter Schiff but they will just be used on tv shows to be the doom and gloom folks to suffice ratings. Although they are the most common sense, and logically sane. It's a wonder why this country is down the toilet with Obama, and his nationalization of industries. When will the people of this country wake up and realize you can't spend your way out of debt? If everyone of us normal folk were to max out our credit cards, or borrow from banks and not pay them back, where would we be? Forced into bankruptcy! When you're the federal government you print money from a privately owned bank, and tax Productive Americans to pay the interest for such a transaction. Capitalism, and free markets always has been prosperus. When people say capitalism has failed usually their form has government involvment. Now how is that Free, or capitalism?? Austrian Economics is the truth, and most logically of reasoning when dealing with such a topic of economics. Most are unaware of its strengths because lack of study, and listening to the media. The sooner people wake up , and go out on their own to find out that those lies that the tv tells, you and your current, and last government tells you, the better. Those of you that knock this answer, are more than likely living on a dream which no longer is American. WAKE UP!!!! God Bless!
 
It is fact that fiat money is devalued the more of it you print... no matter what school of economics you adhere to. That being said, isn't it logical that there should be a threshold for Keynesianism? Like a precise calculation of how much you can spend before hyper inflation occurs? And a precise calculation of how much money is needed to get an economy back on track? Nope, there isn't either of those. Just spend, spend, spend, until your money won't buy anything.

The Austrians are right. It would be smart for people to start listening to them.
 
He is just another pawn for the federal reserve,and continues in the light of all great progressives-Woodrow Wilson and FDR.
 
"Obama has no clue what he is doing."

Who says he doesn't? He wants to fu-ck us all up in my opinion.
 
Obama said in the Press Conference tonight - that he's not satisfied with what he's done and he plans to spend more...

...I think we're going to be hung by our entrails and sold in the black Chinese market for spare body parts to make up the money he plans to use.
 
The economists have never been in complete agreement. MOST were calling for some sort of stimulus package but disagreed on what it should look like.

Obama isn't basing his policy on Bernanke's opinion. Did you really think he hadn't consulted anyone else?

Basically you think he should listen to the far Right and ignore everyone else. No thanks....that's how we got here.
 
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