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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on October 28, 2010, 06:33:04 AM
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Obama on Jon Stewart: "Larry Summers Did Heck of a Job with the economy." WTF?
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Ha ha ha - Obama = Bush
http://www.realclearpolitics.com/video/2010/10/27/obama_larry_summers_did_a_heck_of_a_job.html
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;D
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If you guys want to see Summers' role in the mess we are in here you go:
[ Invalid YouTube link ]larry+summers+brooksley&aq=f
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The "brilliant" Larry Summers killed "Brooksley Born" idea to make derivatives more transparent and at the very least reportable. :o
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Delusional. The word by which Obama lives by.
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Barack Obama Skewered Larry Summers On The Daily Show Last Night
Joe Weisenthal | Oct. 28, 2010, 10:49 AM | 502 | 6
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When asked about Larry Summers handling of the economy, Barack Obama told Jon Stewart that his former advisor did a "heckuva job."
Of course, that phrase is strongly associated with Bush's mocking derision of former FEMA chief Michael Brown, and his handling of Katrina.
When asked by Stewart about the phrase, according to DealBook, Obama's response was: "pun intended."
For a clip from last night, see here.
Tags: Barack Obama, Jon Stewart, Larry Summers | Get Alerts for these topics »
Read more: http://www.businessinsider.com/barack-obama-larry-summers-heckuva-job-2010-10#ixzz13fQKADmN
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Delusional. The word by which Obama lives by.
I thought that Obama was about change...However, we got the same old wall-street puppets who collapsed the system in the first place. Those puppets were responsible the repealing of Glass Steagal, setting the stage for commercial banks to gamble with other peoples money. Then the JP morgans, citigroups, Etc became truly To big to fail. Rubin, summers, Greenspan where very responsible for the meltdown in 2008.
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I thought that Obama was about change...However, we got the same old wall-street puppets who collapsed the system in the first place. Those puppets were responsible the repealing of Glass Steagal, setting the stage for commercial banks to gamble with other peoples money. Then the JP morgans, citigroups, Etc became truly To big to fail. Rubin, summers, Greenspan where very responsible for the meltdown in 2008.
The program on PBS.org "The Warning" should be mandatory viewing for all citizens. Geithner, Summers, Rubin, Greenspan, Clinton, Grahmm caused the mess we are in by forcing the repeal of Glass Steagal and forcing Brooksley Borne out of the way after she raised the red flags to all who would listen.
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The program on PBS.org "The Warning" should be mandatory viewing for all citizens. Geithner, Summers, Rubin, Greenspan, Clinton, Grahmm caused the mess we are in by forcing the repeal of Glass Steagal and forcing Brooksley Borne out of the way after she raised the red flags to all who would listen.
Yes, it should be mandatory.
However, i'm afraid most Americans are to stupid to understand the movie.
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Guys watch this movie. Its one of the best you will find.
http://www.pbs.org/wgbh/pages/frontline/warning/
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Guys watch this movie. Its one of the best you will find.
http://www.pbs.org/wgbh/pages/frontline/warning/
http://www.pbs.org/wgbh/pages/frontline/obamasdeal/view/?utm_campaign=viewpage&utm_medium=grid&utm_source=grid
seems interesting, about the back-rooms deals in the passing of ObamaCare.
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http://www.pbs.org/wgbh/pages/frontline/obamasdeal/view/?utm_campaign=viewpage&utm_medium=grid&utm_source=grid
seems interesting, about the back-rooms deals in the passing of ObamaCare.
The deal with Big Pharma was disgraceful beyond words, especially considering Obama made Tauzin a campaign ad all by himself and then sold out to the very same lobbysist! .
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Guys watch this movie. Its one of the best you will find.
http://www.pbs.org/wgbh/pages/frontline/warning/
Saw it yesterday. Very interesting and eye opening!
The current economic meltdown is Clinton's fault for refusing government regulation and overseeing of the very risky and very obcured "derivatives market"
Brooksley E. Born, the 57-year-old head of the Commodity Futures Trading Commission, had warned Clinton, Congress, the Federal Reserve and everybody else about this, but nobody listened to her and instead shut her up and shut her down.
The current economic meltdown almost took place in the late 90s, but they were able to delay it, barely.
Bush did nothing about the derivatives market, and Obama is doing nothing about it either. Therefore it's only a matter of time before the US and the rest of the world have another, even worse economic meltdown.
Scary stuff!
http://www.pbs.org/wgbh/pages/frontline/warning/etc/links.html
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So the cure is more government regulation
How do you guys feel about this?
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So the cure is more government regulation
How do you guys feel about this?
According to the documentary, Greenspan strongly believed for decades that markets should not be regulated because markets regulate themselves. He even believed that FRAUD should not be regulated and should be allowed in the markets.
After the economic meltdown of 2008, the documentary shows a defeated Greenspan testifying before congress and admitting that he was wrong about market deregulation for all those decades.