165 prominent economists rip bailout plan

[ImpeachKingGeorgeII]

http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=76231

"At least 165 economists have signed a letter to Congress members warning of three pitfalls in the Bush administration's $700 billion proposal to deal with the Wall Street crisis ...The three problems with the plan proposed by Treasury Secretary Henry Paulson, the economists say, are its fairness, ambiguity and long-term effects."

 

[FreeMarketEconomy]

Those 3 problems seem very subjective. This is probably just another political campaign. And, what establishes someone as an economist? Can I say that I'm an economist because I've taken university courses in economics?

 

[nullvalu]

Sweet

 

[Liberty4Free]

Nice. I'll pass this one on.

 

[ImpeachKingGeorgeII]

Seems like they're prominent college economics professors and the like.

And, what establishes someone as an economist? Can I say that I'm an economist because I've taken university courses in economics?

 

[angelatc]

Those 3 problems seem very subjective. This is probably just another political campaign. And, what establishes someone as an economist? Can I say that I'm an economist because I've taken university courses in economics?

Was it your major in college? Are you a Nobel Laureate, like 3 or 4 of them?

 

[Conservationist]

Seems like they're prominent college economics professors and the like.

Dudes who teach how to get rich, instead of going out and getting rich. Neat.

 

[FreeMarketEconomy]

Was it your major in college? Are you a Nobel Laureate, like 3 or 4 of them?

In academia there are people who argue for both sides, just like how academics that can justify socialism and capitalism or democracy and fascism. People are just trying to take advantage of the crisis for their own personal gains. These same people are not front line economists who are faced with the accountability and responsibility to deal with the crisis. They have nothing to lose but a lot to gain.

You are trying to dismiss the fact that there are many more prominent economists who understand what is really going on and who support this emergency plan. Who are not just theorists but actually have experience in the market that is having a crisis.

 

[surf]

You are trying to dismiss the fact that there are many more prominent economists who understand what is really going on and who support this emergency plan. Who are not just theorists but actually have experience in the market that is having a crisis.

Ben Bernanke may be prominent, but he doesn't understand what is really going on here. If you understand what is "really" going on - you don't support this "plan." Stalin had (5-year) "plans" as well

 

[FreeMarketEconomy]

Ben Bernanke may be prominent, but he doesn't understand what is really going on here. If you understand what is "really" going on - you don't support this "plan." Stalin had (5-year) "plans" as well

Dr. Bernanke is one of the top economists in the world who has heavily studied the Great Depression and has published many articles regarding it.

Do you really want an economist who specializes in rural infrastructure of California to try to solve this financial crisis?

 

[surf]

Bernanke should be fired. i know more about the depression than he does, and i learned this in HS econ (i had a teacher that was an Austrian economist).

i really didn't want this to transcend into an argument about Helicopter Ben, but you don't fix a problem created by too much credit by by increasing credit. you don't need to have taken as many econ classes as i have to understand this - you just have to be smarter than the academic idiot that runs the Fed. and that ain't saying much.

 

[boberino]

http://www.youtube.com/watch?v=O7pnjzCuSv8

 

[cbc58]

Dr. Bernanke is one of the top economists in the world who has heavily studied the Great Depression and has published many articles regarding it.

Do you really want an economist who specializes in rural infrastructure of California to try to solve this financial crisis?

someone here sounds like they are planted... reminds me of a investment guy that used to argue about free markets and the acceptablity to keep piling on debt because it would all get paid for through growth. he was pushing his own agenda and could care less of the long-term ramifications.

Bernake knows exactly what's going on but can't say it for fear of panicing the world financial system. I'd bet if you cornered him at a cocktail party he'd tell you to run as fast as you can away from the US financial system.

 

[daprovic]

Those 3 problems seem very subjective. This is probably just another political campaign. And, what establishes someone as an economist? Can I say that I'm an economist because I've taken university courses in economics?

Hey you don't need to be an economist to understand how this unlimted bailout plan screws the electorate.

 

[Dr.3D]

Dr. Bernanke is one of the top economists in the world who has heavily studied the Great Depression and has published many articles regarding it.

Do you really want an economist who specializes in rural infrastructure of California to try to solve this financial crisis?

someone here sounds like they are planted... reminds me of a investment guy that used to argue about free markets and the acceptablity to keep piling on debt because it would all get paid for through growth. he was pushing his own agenda and could care less of the long-term ramifications.

Bernake knows exactly what's going on but can't say it for fear of panicing the world financial system. I'd bet if you cornered him at a cocktail party he'd tell you to run as fast as you can away from the US financial system.

LOL, and what is really ironic is the nickname of the person who wrote that. Let's let the free market solve this financial crisis.