World Votes On America With Dollars: Thumbs Down
I usually pooh-pooh the guy as a loudmouth, but I have to say that I wholeheartedly agree with Cramer...
- Geithner is a disaster, but worse than that
- China has done Keynesian stimulus right, we have done it 100% wrong, and the world knows it. (UPDATE: Samuelson admits it.)
With China and the US pulling hard, the world economy could get moving, but only China is actually pulling. We are faking it. We have let the world down - 300 million hard-working, hard-spending, innovative, optimistic Americans have been told to hide under their desks, expect a tax beating, and get ready for massive energy regulation. Should be no surprise that they have gone AWOL.
UPDATE: Geithner gets some help (babysitting?).
- Geithner is a disaster, but worse than that
- China has done Keynesian stimulus right, we have done it 100% wrong, and the world knows it. (UPDATE: Samuelson admits it.)
With China and the US pulling hard, the world economy could get moving, but only China is actually pulling. We are faking it. We have let the world down - 300 million hard-working, hard-spending, innovative, optimistic Americans have been told to hide under their desks, expect a tax beating, and get ready for massive energy regulation. Should be no surprise that they have gone AWOL.
UPDATE: Geithner gets some help (babysitting?).
posted by Donny Baseball at 4:18 PM
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