Nobel Prize winner denounces Obama

The Obama administration's $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal.

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13 Comments

CP

This article explains the bailout mess better than anything I have read before.

Thursday, April 02, 2009 at 12:49 PM

bob hill

"the banks" got to be what they are by playing the payola game with members of Congress. Some of the best lobbyists in the world front for wall street banks. Crony capitalism is alive and well. A set of handcuffs has two holes, and when we see a crooked "banker" hooked to a crooked pol or beaurocrat (sp), then things will change. Not before.

Thursday, April 02, 2009 at 08:17 AM

Grrrumpy

In 4 yrs. when this administration leaves office it will have accumulated in excess of $100.000 in debt for every American household.... "To this point". With an interest on that debt of $6,000 annually. For most Americans that's a second mortgage. Personally I'll be able to "shelter" most of mine but what about the average person who voted for these socialists believing a better day would be delivered by there Savior? Frankly, they're getting the government they deserve. The unfortunate thing is The Beautiful idea of Ronald Reagan about "the shining city on the hill" is being destroyed. Shame on us!

Thursday, April 02, 2009 at 07:30 AM

Ralph

Perhaps if Ivy League Alumni did not have a stranglehold on political and economic power in this country this type of elitist piracy of the nation would not go on.

Wednesday, April 01, 2009 at 08:46 PM

MichaelG

That strange sound you're hearing is the flushing sound of the Economic Toilet.

Wednesday, April 01, 2009 at 08:25 PM

Anonymous one

Please, copy and e-mail to everyone.This is going to be horrible for my America!!!

Wednesday, April 01, 2009 at 04:59 PM

rdk

"the privatizing of gains and the socializing of losses"
And that is the way that Fannie-May/Freddie- Mac are also described. We know what a success that has been.

Wednesday, April 01, 2009 at 04:45 PM

Cathy

I noticed that not very many people have commented on this. That is probably because it is over their heads. This gentleman is correct, this bailout/stimulus economic package is horrible and in a few years we will be reaping the very bad benefits of it. You think things are painful now, just wait. To Ron, the reason it will fall on deaf ears is because very few people in Congress understand economics and thus the reason there are so few comments on this article............most Americans have no understanding of economics and no understanding of financial matters.

Wednesday, April 01, 2009 at 04:24 PM

john

Cathy....you're absolutely wright.
Thank God there is still people out there with common sense.All the families in debt in America should just go and SPEND their way out.
All those non representing representatives in our goverment should be tried for treason against the AMERICAN people.It's 10 o clock.....where is your BARNEY and DUD?Do you know?Do you care?
SEMPER FI

Thursday, April 02, 2009 at 07:10 AM

Lee

Cathy,
You are right. If more people would take the time to engage their brains in constructive reading, dialogue and debate rather than accepting without question what the " boob" tube feeds them ...we might not be in this mess. Unfortunately, too many people really don't know what or who they are voting for or against when they go into a ballot box. I'm glad you read the article as well.. I wish more people would take the time.

Wednesday, April 01, 2009 at 05:37 PM

Noman

This guy should be on the news he explains things really well. I'd have to agree with Anonymous, this bail out sounds worse every time I learn more about it.

Wednesday, April 01, 2009 at 04:05 PM