Krugman on the G-20
By John Amato Monday Apr 06, 2009 5:45amThe G-20 wasn't only about iPods and Michelle Obama's wardrobe:
Credit where credit (line) is due: the G20 outcome was better than I expected, with something substantive and important emerging — namely, much bigger funding for international financial institutions (IFIs), plus expanded trade credit. This will help smaller, currency-crisis countries a lot.
A turning point? No. But realistically, most big-time international meetings produce nothing; this did something significant.
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Krugman supports the IMF economic solutions? Didn't think a leftist liberal would support the atrocious policies of these banking vultures that bring nothing but bloodshed and social program cuts on the poor.
i don't think anti-globalism ideology is part of the "leftist" identity necessarily. Also, I'm sorta irked by jump to judgment on global institutions as inherently evil. It's not the institution, it's the people running the institutions and how unfortunately we've had corrupt officials running them (i.e. Paul Wolfowitz running the World Bank).
ConcernedCanuck's view yet. In summary, (1) Democrats = Republicans, (2) no politician ever does anything meritorious, (3) all comments written by "Concerned"Canuck should be critical and dismissive and (4) the new administration should be attacked at every turn.
Keep these points in mind and you can accurately predict what CC will write (meaning you no longer have to read his posts).
you like the IMF? You support it's policies? Ever seen what it's policies have done to the poor? Don't personally attack anyone. Prove where they are wrong.
write ONE comment approving of ANYTHING that the new administration is doing and I'll consider it.
"Till then, your comments are as predictable as ever.
has nothing to do with the new administration Bob. This has to do with the IMF and Krugman's support of the banks getting more bailout cash pretending it's a global fix.
you spew, not the other way around.
Not a hard concept to understand, isn't it?
is google. You are on the internet. Us old guys shouldn't have to prove facts, you should have to search if you don't believe.
You are one of those people who just has to have the last word, even if it is to say nothing. Are you?
Age is no excuse for you to ignore requests to prove your negative-o-rama.
It was a simple request, as usual you ignore it, and then bitch about whenever we point the obvious. You are the one with plenty of free time, not me. Why would I do YOUR task for you?
I'm thinking of the anarchy riots in london outside the G-20 and I'm thinking...do these idiots really think anarchy is the best solution? Instead of viewing the potential of how beneficial global society and economy can be you just want to tear the system down cuz it's so much easier to rally with a "F*ck the Machine" mentality instead of being productive.
..Anarchy is the Solution.
"Constant as the Northern Star. Constant in Darkness, Where's that at?"
about the IMF why would you comment?
I for one am able to discern CC's POV without your help, Mr. Roberts. Go back to bed and try again later with a better attitude.
a massive case of pot calling the kettle back?
where did the kettle go?
http://www.youtube.com/watch?v=Bfq5kju627c
you can just the little "Ignore user" link and **POOF**, all of CC's rantig and negativity just disappears!
to what is going on in the world is no solution.
Whereas reflexively shitting on it rather than providing positive and well thought out solutions is far better?
Mind you Sedum says this, knowing full well that it will merely inflame you to greater depths of invective. A seemingly bottomless well for you.
WHAT positive came from the G20 meeting, which is the subject of this post?
how about for one Obama healed the relations between the US and the rest of the world and now the world can work together again as a global entity to tackle issues. Yes it is valid to remain vigilante on past results but try to share focus on both the means and the ends of this process and embrace/appreciate that with Obama, it is an entirely different attitude towards our 21st century global village than say the last decade of Bush/Republicants. Until you or someone can provide a more successful and practical (not ideological) solution to this global crisis, try to be a productive member of society and add to the brainstorm instead of simply blaming everyone for effing you over or how Bush and Obama and ALL politicians are the same. Your eyes may be open, but they refuse to see the bigger picture...
has never been run by anyone other than those inherently evil.
What's the difference between the IMF and the World Bank? Do they work together?
I just remember when Wolfowitz was appointed head of the World Bank, then had to resign because he was doinkin one of his coworkers.
I thought G meant all ages admitted.
especially if Krugman was there, they are opening up a whole new can of worms and just don't get it. It will be interesting to revisit this in 1 to 2 years.
But David Frum (who's knows he's always right) said on Real Time with Bill Maher that all the countries ignored Obama, just like they did with Bush, and that there was no real progress.
Could Frum have actually been...WRONG? (again)
they spent a total of less than half an hour actually discussing anything regarding economics. How do you get progress out of that? It was nothing more than a well planned photo-op.
and a less than a 30 minute meeting. Why exactly is the stock market backup to 8000 again? I swear Wall Street is an orgy of irrational mood swings.
Wallstreet's on the rag?
a trip back down after reality settles in the economy has not really improved, and that the action of the printing presses negative effects come home to roost.
It’s naïve to think our economy is on the road to recovery just yet, let’s see where we are at this time next year, and maybe even a year after that before we dance. Does anyone think the US is going to pay down its unprecedented debt? What is this love affair with Keynesian economists who think deficit spending is the answer? They who think if we just borrow and spend enough we can punch through our economic problems. I ask with what money?
Not a year has passed people on the left were asking that very question of Bush with respect to all his deficit spending on the wars and damage it would inflict on our economy, now suddenly it's the solution? I see a larger can of worms being opened with the printing press solution.
Barack Bush administration has pursued the EXACT same economic policies of Georgie Bush, yet lefts and left economists who were against it with the Jr. Bush, now support it with Barack Bush. Oh, but did you see how elegant Michelle was? She's truly transforming the role of first lady just like Jackie O. Good grief.
There's the old ConnedCan we all know and love. Hit all 4 of Bob's points in one post. WTG!
funny how some moderately positive news sends some of the posters in this site into a frenzy of disappointment.
Quite telling really...
That's just it, look at the news and the reality of where things are at, the good news is premature and without substance. What good news are you talking about? I'm looking for the solid improvements in our economy and the global economy every day. I see optimism, but perhaps you can point out what I am missing here showing we hit bottom, the worst is over, and that there are real signs of economic recovery. Right now the banks are pretending to be solvent where only yesterday they were insolvent, they are pretending they have highly valuable assets that for some irrational reason no one wants to buy.
But perhaps I have missed something, seriously I am all eyes and ears for good news, I mean that.
If you were interested in the real news, you would know that the respective delegations spent significantly more than just "30 minutes" in meetings.
I am giving the benefit of the doubt and assume that some of you do really care. Alas, it is hard to take some of you seriously when you make up stuff and use innuendo as the basis for some of your postings.
They announced that all the members were going to give a trillion or more to the IMF, which in case you didn't know was the same banks already bailed out twice in the US by Bush and Obama. That's what they agreed to. Think that took hours??
your "analysis" of the news as the real news. You are no better than FOX if you are just editorializing reality to fit your views.
Whether I agree with the outcome or not is a different matter. But they spent significantly more time meeting, which was my original point.
just chant "yes we can" over and over and go back to discussing Michelle's latest fashion. If you don't want to discuss the actual post, why post then?
AliceX, if you are somewhere out there, can you or Vegas or Curt explain what this post actually means so people will get it through their heads?
then why should anyone bother discussing them with you directly?
BTW, I have been plenty critical of Obama. I just believe in giving credit where credit is due, and criticism when granted.
When you are trying to use YOUR perception as fact/reality... then you are no better than the FOX approach. In the same sense that I am not that interested in hearing what the perennial Obama cheerleaders have to say, since they have an obvious agenda. I am also not interested in wasting my time with those who have the same agenda in an opposite direction. Both points of view are compromised regarding objectivity.
Using other posters, with a proven track record like Alice, to get you out of your pickle is a bit of a weak thing to do...
Canuck, you're so funny...in a really boring, redundant kinda way.
http://www.youtube.com/watch?v=HONXAKYyai8
God the internet makes me angry sometimes.
You mean these?
http://www.youtube.com/watch?v=FXsoqHfra6s
Give us your intelligent take on the meeting. What positive thing came from it?
Hey, if I'm the "negative boring" person, then what do you call people that only post personal attacks? Oh ya, that would be flamebaiting and trolling.
I am yet to see even C&L post all rosey positive, look at Michelle's dress type posts. If they didn't want comments, there wouldn't be comments, now would there Left?
Once again, as repeatedly pointed out, those pretend leftist progressives portray themselves on here as some kind of thinking reality. All I've seen is Republican Lite in some including you and apparently on this thread Tyler. Did I personally attack you? No. Did I personally attack Tyler? No. What I pointed out was all that was agreed to was to give the banks more money. How is that positive?
It is a pretty thin post. Even the links don't seem to provide much support for the topic implied, that there was progress on the economic front.
I say BS. Listen to the interview with Black and Moyers where they discuss fraud and cover up in the financial crisis. Look at the character and qualifications of the Treasury secretaries that are leading us out of this quagmire. I'm not sure why we would trust our governments judgment so blindly.
are just going to fix things up enough so that there may not be large scale revolts; and, so they can continue to rob us blind.
Tyler they didn't do squat! I'm looking at the G20 communiques they produced, go read what they actually said.
http://www.g20.org/pub_communiques.aspx
They made all kinds of declarations, they declared to print more money (that is not good news), they declared to back that paper bag of paper SDR funny money, they declared to sell hard reserve assets, they declared to all be united in their Koom-by-ya united efforts.
What good news in those communiques are you looking at?
You may want to look at a few facts like these just in this weekend and today:
Bankruptcy Filings by Businesses Increase 78% in First Quarter
http://www.bloomberg.com/apps/news?pid=206010...
China positioning its currency for a run at world supremacy
http://www.latimes.com/business/la-fi-yuan3-2...
Swiss slide into deflation signals the next chapter of this global crisis
http://www.telegraph.co.uk/finance/comment/am...
Banks fall as analyst sees red
http://www.marketwatch.com/news/story/Banks-fall-analyst...
Fighting Recklessness with Recklessness
http://www.hussmanfunds.com/wmc/wmc090406.htm
If there is real good news out there you can bet I'll be the first to sing about it, because I hate bad news like this. I've said it before I'll say it again, Obama, the G20, and no country is going to stop the market from correcting especially when the corrupt are at the helm taking care of themselves first. The stock market is doing a dead cat bounce right now, it's not recovery. The stock market is also not the economy.
At best the G20 bought time and it's solutions are opening an even bigger can of worms which all are acknowledging need to be dealt with later, the scary part few are considering what a monumental effort that will be later. They have already robbed Peter to pay Paul, now they are just trying pass thin air off as being money.
NONE. Zilch. Maybe it's your name.
Some here think I am taking a partisan side to all this when the truth is I am throwing both parties under the bus. There is plenty of blame to go around.
I think I heard on NPR that some, if not many of the conditions that the IMF traditionally imposes on borrowing nations have been removed.
of more robbery and theft by the banks of the globe. See what the IMF did to South American nations? And Krugman thinks this is great?Can't help but wonder how much of this BS support American economists will give when restrictions are put on US borrowing, like the IMF does to every nation. The banking mafia are literally destroying the world, and economists "think" it's great. They need MORE money.
that they are imposing new higher quotas for human baby sacrifices too...
seen what the IMF has done to nations Tyler? Do a search online if you haven't heard. They literally destroy nations. They decimate social programs as part of their loan eligibility. That is what the G20 nations agreed to, and now Krugman is saying that's all good.
I am just pointing that innuendo and people "hearing things somewhere" as factual basis for debates is a very shaky proposition.
is not "hearing things somewhere". And that is all that was agreed to at the summit was to give the IMF money to "help" the situation. Please do some reading on the IMF. It is the bankers for the bankers institution. And the US and other G20 nations just agreed to give the bankers more money. And you think that is good news? How? Posting link after link that substantiates what the IMF does, has done and will continue to do will not change anyone's opinion on them. Like I said, do a search.
I heard you perfectly the first time.
When you are not addressing what I was talking about, repeating what you said again and again does nothing to change that fact.
about baby sacrifices. Got proof? Didn't think so. See how that works?
Mon, 04/06/2009 - 07:56 — Tyler Durden
that they are imposing new higher quotas for human baby sacrifices too...
http://www.youtube.com/watch?v=Kf78fusiAHo
that caused this mess why would anyone want to repeat it?
Mebbe Michelle Obama would be more to Concerned Canuck's liking if she was more like this:
http://www.youtube.com/watch?v=ZIP4WY8FhUk
Awesome cartoon ys.
"The only thing we have to censor is censorship itself."
Curtilingus, April 2009
I dunno
She makes me kinda hott,
(Coal Black, not her ma)
Kind of Josephine Baker crossed with Betty Boop and Daisy Mae Yokum.
http://www.youtube.com/watch?v=QPCYYdECJIs
(Okay, I'll try to try to maybe possibly consider getting back on topic.)
Geez, Ysb, and how do you feel about Bugs Bunny in drag?
http://www.youtube.com/watch?v=0NFIxBZp7RU
Can't cross my legs
(Does that scare away vampires?)
http://www.youtube.com/watch?v=VDwDo_hTs2Q
Bwunhilda
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yes, kind of like argentina was helped out in the mid nineties
Yes Geithner/Obama proved the great Paul Krugman wrong. Just think if Krugman had joined in to help instead of attacking with lies he could have shared in the success. His envy of Tim Geithner getting the Treasury Secretary job led to his attacks. As the World Economicist looked to the brightest American Economics for help, Nobel Prize winner Krugman was no where to be found. As the US Economic success continues Krugman will soon be a forgotten man. Such a sharp mine brought down by the green eye of envy. A lesson to us all.
Is the depression suddenly over and nobody knows?
democrat or republican all the same just taking us down the same destination,one the short road the other takes a little longer.Remember it is a load that you and your children will have to bear. The bailouts did not work in Japan{six times in the 90's}most economist say the bailout did not work in the 30's in fact it prolonged it it in the U.S.A. what is really scary the conspiracy theories are starting to sound more real it started with Bush now Obama the new world order as Mr. Brown of England calls it. Now bailout the world. Just think by 2020 the interest on just the U.S national debt will be one trillion dollars.BROTHER CAN YOU SPARE A DIME?
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