The Phantom Menace

The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy. Full Story »

Posted by Vincent Caminiti - via Digg, Memeorandum
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Subjects: U.S., Business
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# Diggs: 72 (as of 2009-11-23)
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Posted by: Posted by Vincent Caminiti - Nov 23, 2009 - 6:17 AM PST
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Edited by: Dwight Rousu - Nov 24, 2009 - 1:11 PM PST
Vincent Caminiti
4.6
by Vincent Caminiti - Dec. 12, 2009

Another critical commentary by Krugman that is grounded by facts and without hubris. This is what sets Paul Krugman apart from non-journalist opinioneers. He doesn't unload unsubstantiated gossip. He holds subjects accountable and observes. If there are criticisms within the article - they are the result of the efficacy challenge of the subjects own words / deeds and the contraindications thereof. In this article he is highly critical of the Obama administration for not staying on task and maneuvering for political efficiency. He does so without hubris, personal attack or incongruous or insipid metaphor - that the info-tainment industry has been pawning off on a malnourished public as jouranlism. The article is completely ... More »

The administration has apparently lost control of the message to the public. They seem to change strategies weekly in delivering the same message. Instead of translating the message to various components of the public - the administration seems to change the components of the message in what appears to be right angles. From a strategy perspective the marketing gurus of the Obama administration have failed to provide the President with a singular lexicon that is digestible or ... More »

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Gordon Oliver
4.7
by Gordon Oliver - Nov. 23, 2009

Paul Krugman makes his point quite eloquently. He cites a reasonable amount of evidence for his point of view.

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Patrick McGuire
4.9
by Patrick McGuire - Nov. 26, 2009

It is very insightful and what Krugman says needs to be said. Even FDR's efforts took a turn for the worse when he became concerned about the deficit.

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Naomi Isler
4.3
by Naomi Isler - Nov. 24, 2009

It's an opinion piece, from a liberal point of view. But it states what a lot of people are thinking - that those who were bailed out exert too much influence on current economic policy. If indeed we are a consumer driven economy, then something needs to happen - like more stimulus - to put money in people's hands so they can spend it - or at least pay their mortgages!

I suspect Obama's problem is that things look different once you are in office and have to actually decide on actions. And face the wrath of Congress and media whatever you do. It kmakes me want to read more history about FDR first term (second, too,for that matter)

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Randy Morrow
4.5
by Randy Morrow - Nov. 23, 2009

And shouldn’t we consider the source? As far as I can tell, the analysts now warning about soaring interest rates tend to be the same people who insisted, months after ... More »

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