I scanned that headline very quickly and thought he had named Krugman. Guess I won’t need that defibrillator after all.
"A Kuznets curve is the graphical representation of Simon Kuznets's hypothesis that economic inequality increases over time while a country is developing, and then after a certain average income is attained, inequality begins to decrease.
One theory as to why this happens states that in early stages of development, when investment in physical capital is the main mechanism of economic growth, inequality encourages growth by allocating resources towards those who save and invest the most. Whereas in mature economies human capital accrual, or an estimate of cost that has been incurred but not yet paid, takes the place of physical capital accrual as the main source of growth, and inequality slows growth by lowering education standards because poor people lack finance for their education in imperfect credit markets. "
Advantage? I don't think so. Assuming all the serious vetting took place during his first hearing, that leaves all the more time to explore the cluster flop during his first tenure.
I agree riri.
This is actually good news. It means he’s going to stick to his failed big gov policies.
I’d be concerned if he brought on some quasi-Repub pro business type.
LLS
LLS
...that from the get go has been tied to the destruction of our economy and continues to usher in it's fundamental change. That change is geared towards destroying the free market and creating a command economy on its ashes.
Obama does not intend to "fix" the economy or market as we understand it. He intends, as he told us, to fundamentally change it. That means bringing it down and creating one of his making and leaning in its place.
And he has been doing precisely that, with a will.
Rearranging the Deck Chairs on the Stinkin Garbage Barge named the “B.O. HUSSEIN!”
Too bad it’s not Diane Kruger, at least she is very easy on the eyes.
sunmars, please excuse me for adding this link on your post:
Flashback: Original story here:
http://economix.blogs.nytimes.com/2009/01/12/a-future-consumption-tax-to-fix-todays-economy/
excerpt:
In the short run, the anticipation of a consumption tax would encourage households to spend money now, rather than after the tax is in place. Along with the rest of the economic recovery package, this would help jump-start spending in the economy and thereby increase production and employment.
Idiot!
I'm surprised they didn't say UNEXPECTEDLY high.....................
In less than 3 full years this is the 3rd person in this position. Interesting. And Obama still doesn’t pick someone with real world experience. Typical of a man who has no clue about how to resolve our economic problems and, instead, relies on people who only have theories not a practical business or commerce background. Proving, again, that this occupant in the White House must strongly believe that if you keep doing the wrong thing over and over and you are going to get a different result.
Hey Gold Bugs, here comes the KRUEGERRAND. Oh, maybe not.
Sounds like a worthy deckchair addition, you know, to go down with the ship (assuming he lasts that long).
I have a hunch the questions may be a tad tougher this time.
Oh boy another Princeton Faculty lounge theorist that will follow Obama’s idiot policies.......
"I'll take Jim DeMint to block, please." < /Hollywood Squares>
Wow, a Muppet type show that mocks MSNBC..Racheal Madcow..Chris Legtingle reporting.
Infact, a whole channel devoted to mocking lefties would be great.
It would probably get 100 times the ratings as the real deal.
Infact, a whole channel devoted to mocking lefties would be great.
Imagine “reporting” on Huricane Irene..wow!
It almost writes itself.
Haha
Anyone want to get it started?
:)