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View Diary: Not Enough Stimuli Could Be Worse Than None (201 comments)

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  •  bigger and bolder needed with money and ideas (10+ / 0-)

    at least some of the banks need to be nationalized. monitoring is not sufficient because it just delays needing a fix.

    the approach of using same old ideas is not likely to stimulate much confidence. for a change, we should use approach that sustains and grows the economy as well as environmental and other issues, all in one package of growth.

    the public knows tax cuts are bogus. how much yippee, we are moving forward will that inspire for public and investors?

    "Water and air, the two essential fluids on which all life depends, have become global garbage cans." -- Jacques Cousteau

    by Patriot Daily News Clearinghouse on Mon Feb 02, 2009 at 09:46:41 PM PST

    •  yes, patriot, i comment much further down w/links (2+ / 0-)

      to Martin Wolf & Paul Krugman.  apparently Wolf was at the World Economic Forum and says everyone pretty much knows that we must nationalize our banks (we can sell them to private investors later)--he gave a terrific explanation of why that is so. Problem is, Geitner & Summers are leading Obama down the same path that got us into this.  Socialize the losses, privatize the gains, pretty much.  He said the world is hopeful, but they also believe Obama is too inexperienced to know what to do, and may well rely on those two old-school fat cats instead of nationalizing, now.

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