Joseph Stiglitz – Stimulus Fraud 2-3 – Democracy NOW!
Posted by admin in Finance Friday, 17 December 2010 06:13 7 Comments
Democracy NOW! – DN! – We are joined by Nobel Laureate Joseph Stiglitz – American economist and professor at Columbia University. Author of Freefall: America, Free Markets, and the Sinking of the World Economy now in paperback. As the Obama administration rejects a foreclosure moratorium and austerity protests grip Europe, we assess the state of the US and global economy with Nobel Prize-winning economist Joseph Stiglitz, author of Freefall: America, Free Markets, and the Sinking of the World Economy. Stiglitz backs calls for a foreclosure moratorium and says opponents of a new government stimulus “don’t understand basic economics.” On war, Stiglitz says Iraq and Afghanistan are “the first wars in America’s history financed totally on the credit card.”Published with written permission from democracynow.org. www.democracynow.org Provided to you under Democracy NOW! creative commons license. Copyright for broadcast belongs to democracynow.org, an independent non-profit user funded news media, recognized and broadcast world wide.
With due respect Mr. Stiglitz, homeowners do not want to just stay in their houses still pay crooked lenders to RENT;That is bondage/slavery. We have a right to make our own decisions, not be dictated to and controlled. Hog tied and robbed. Who is in charge here; is it the criminal bankers or our ELECTED Officials (for the good of the people) or is there collusion/a conflict of interest here. Why else would the courts not be able to do Justice unless there is a conflict. Criminals go to jail ! !
wow 4 to 6 trillion dollars cost of the wars all borrowed money.
Stay tuned for the main event 11/9/10.
If the economy has core structural issues these need to be fixed before any stimulus can be effective. e.g. fix the holes in the bucket before filing it up
This is a serious question, Mr. Stiglitz here says that US has spent between 4 – 6 Trillion dollars? Well how much money does US have? The war in Afghanistan is still not over, how much more can they afford to spend?
@colourmegone unfortunately you’re right. on the other hand, the whole idea of the stimulus is the same scenario… kind of a “trickle down” theory of funding state budgets. it could be we’re simply screwed with no reasonable way out.
This is what the US voters have been asking for since the 1970s “trickle down economics” and tax cuts for the rich, deregulation of business, removing the “dead hand” of government from their lives, personal responsibility and the freedom to fail. I say they sowed the wind, now let them reap the whirlwind.