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Reply #13: These guys are penny-wise and pound-foolish [View All]

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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-28-10 01:01 AM
Response to Reply #7
13. These guys are penny-wise and pound-foolish
Edited on Mon Jun-28-10 01:02 AM by Art_from_Ark
They have no trouble spending hundreds of billions on bank bailouts and wars, but they pinch pennies when it comes to helping out the average citizen.

On edit: It really should be called "penny foolish and pound foolish"
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  -Krugman: The Third Depression ProSense  Jun-27-10 11:32 PM   #0 
  - Not good. Thanks for  Cha   Jun-27-10 11:40 PM   #1 
  - If elected officials are taking their talking points from Hover,  midnight   Jun-27-10 11:41 PM   #2 
  - Deficit dove Krugman isn't really helping matters much..  girl gone mad   Jun-27-10 11:51 PM   #3 
  - Obama wants to reduce the deficit yes,  ProSense   Jun-28-10 12:14 AM   #6 
     - No, Auerback is not confused.  girl gone mad   Jun-28-10 12:25 AM   #8 
     - "Reducing the deficit will cause real economic pain "  ProSense   Jun-28-10 12:31 AM   #9 
        - Except the cuts he's talking about making to defense are tiny..  girl gone mad   Jun-28-10 12:57 AM   #12 
     - Our economy is one bubble inside other bubbles. Stimulus seem to just restart the big bubble.  rhett o rick   Jun-28-10 04:52 AM   #14 
  - Barack Hoover Obama  MannyGoldstein   Jun-27-10 11:59 PM   #4 
  - I think you misread Krugman's commentary  ProSense   Jun-28-10 07:33 AM   #15 
  - Deleted message  Name removed   Jun-28-10 10:08 AM   #24 
  - There have been several other depressions in US history  Art_from_Ark   Jun-28-10 12:02 AM   #5 
  - Who the heck CARES about deficits right now!  Politics_Guy25   Jun-28-10 12:18 AM   #7 
     - They DO know this  Hydra   Jun-28-10 12:31 AM   #10 
     - These guys are penny-wise and pound-foolish  Art_from_Ark   Jun-28-10 01:01 AM   #13 
     - But if they don't reduce the deficit we will suffer more in the log run.  totodeinhere   Jun-28-10 09:55 AM   #22 
  - So let's see....  Turbineguy   Jun-28-10 12:38 AM   #11 
  - Should have listened back in February 2009...  depakid   Jun-28-10 07:39 AM   #16 
  - Krugman got it exactly right  paulk   Jun-28-10 09:02 AM   #17 
     - Yep- and Dean Baker had it right about the mortgage program and the financial transactions tax  depakid   Jun-28-10 10:06 AM   #23 
  - This Depression is going to continue  MadHound   Jun-28-10 09:04 AM   #18 
  - Of course we need more stimulus. But the public and Congress don't want it, by a majority.  Jennicut   Jun-28-10 09:09 AM   #19 
  - Blew the political capital AND didn't get it done to boot  depakid   Jun-28-10 10:09 AM   #25 
     - Right. Just like you told me that most people are really liberal, for real.  Jennicut   Jun-28-10 10:33 AM   #26 
        - If you read the actual data, you'll see that that's correct.  depakid   Jun-28-10 09:08 PM   #28 
  - WTF?!?  ieoeja   Jun-28-10 09:20 AM   #20 
  - The definition of "depression" has changed over the years.  Odin2005   Jun-29-10 08:33 AM   #30 
  - Well if it is...and nothing is done.  Ryano42   Jun-28-10 09:32 AM   #21 
  - kick and recommend!! VERY IMPORTANT!!!  Douglas Carpenter   Jun-28-10 11:20 AM   #27 
  - The lunatics are running the asylum!  Odin2005   Jun-29-10 08:25 AM   #29 

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