Thanks.

Much of what is put before the public is not the logical stuff but the politically necessary (for someone) stuff.

Economics is a science.

Chemistry is a science
Physics is a science
Biology is a science
Astronomy is a science
Genetics is a science
Comparative anatomy is a science
Geology is a science
Plate Tectonics is a science
Agronomy is a science

Even psychology has some scientific aspects to it.

And these are just a small sample of what constitutes inductive logic and reasoning.

What do these real sciences have in common with economics?

Only that they are a human endeavor.

Economics is to science as is astrology is to astronomy.

…or else admit they know very little about which they speak.

Bingo. What Krugman says in the video is pretty bland and obvious at this point, so of course he is right. What I want is for people who a) predicted this problem and therefore b) understand it and c) know what to do about it to be in charge. You will find them all at mises.org

Economics is a science. The reason it is so rife with posers is that these people only look at what effect a certain policy has either a) in the short term or b) on a few select groups. Mix politics into all this and you get policies that favor certain lobbies. Banking and finance are incestuously intertwined with Washington pols.

The banks (car co.s, life insurance co.s) that messed up need to be dissolved. There need to be consequences for bad decisions!!!

Geither plays with the numbers, reintroduces his program with more lipstick [is there "not" a toxic [legacy] level], and the Obama folks tell us what a stunning success the POTUS recent trip abroad was. The fact that Obama walked away with nothing is beside the point. He had cheering crowds and journalists wetting their pants to describe Michelle’s clothes. Unemployment figures are announced as 8.5% when even Goolsbee has admitted the “real” figure is closer to 15-17%.

North Korea launches a test missle, even though Obama sternly condemned the action [what a killjoy]. We’re told that we’re not a Christian nation, even though 3/4 of the American population reports “Christian” affiliation, while we’re quite willing to welcome other faiths. We watch our POTUS prostrate himself to a Saudi King with barely a whisper from the MSM, then emphasize his own Muslim roots in Turkey, which was a “taboo” subject prior to his election. And we have people, citizens I fear, who take the side of the Somali pirates because American interests and grievous mistakes, they insist, are to blame.

When does it stop? Americans are a patient and generous people. We put up with 8 years of GW Bush & Co. We’re into less than 100 days with the Dems and The Great Pretender.

I don’t see much of a difference, except the Democrats are weak on defense and turning into ridiculous and dangerous appeasers.

The beat goes on. And which ever song you’re singing, it sucks!

Krugman tells us the financial crisis is getting worse but more slowly?

Either they’re insane or we’re insane to keep buying this load of crap. Tell the guy standing in the unemployment line that this makes any difference at all. Tell my kids how their limited and indebted futures makes this credible. Tell me how my husband and I will ever be able to retire though we’ve followed the rules, payed our taxes and believed our corrupt politicians and parties.

Tell us. Tell us all. I dare you!

Incredible!

Participate in your local tea party. Or remain silent and afraid.

http://www.liveleak.com/view?i=da8_1239137290

Turks think he’s a stupid moron a$$ Hole..

Things Are Getting Worse More Slowly

In other words, the situation is a slow rather than rapid decline. I sometimes wonder which is worse. Let the bottom drop out immediately and start to work on a *real* solutions, which includes no politicians or anyone else associated with this meltdown or allow everything to slowly wither on the vine. No answers here–only questions.