Barack Obama’s New Economic Team.

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December 16, 2009

SouthAmerica:

Barack Obama was elected last year on a platform calling for “Change” and here are a few suggestions to help him to start his changes.

Barack Obama is way overdue in making some changes to his economic team as follows:

1) He should replace ASAP Treasury Secretary Tim Geithner with Professor Joseph Stiglitz.

2) He should replace immediately Federal Reserve Chairman Ben Bernanke with Stephen Roach (Morgan Stanley)

My advice to Barack Obama: Pay more attention to what Paul Volcker has to say...


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Quote from southamerica:



2) He should replace immediately Federal Reserve Chairman Ben Bernanke with Stephen Roach (Morgan Stanley)
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I would keep Chairman Ben Bernanke... He is a very smart guy ! The crisis was perfectly managed from the old perspective... So I think that he will be more than perfect for the future and he knows what it's mean when people are suffering. furthermore he really has to give back to the people... Peace for everyone !

my 2 cents...
 
Quote from Lucrum:

Nothing is free, unless of course you steal it and get away with it..
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People talk about the "free" healthcare they get from Medicare. What they fail to recognize is that the system is near bankruptcy. http://www.usatoday.com/news/washington/2007-05-28-federal-budget_N.htm
http://online.wsj.com/article/SB120373015283387491.html

My neighbor is a doctor and he no longer accepts Medicare patients unless they have supplemental insurance (definitely not free). Otherwise he loses money on every Medicare patient.

There is no such thing as "free" healthcare.
 
Quote from southamerica:

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December 16, 2009

SouthAmerica:

Barack Obama was elected last year on a platform calling for “Change” and here are a few suggestions to help him to start his changes.

Barack Obama is way overdue in making some changes to his economic team as follows:

1) He should replace ASAP Treasury Secretary Tim Geithner with Professor Joseph Stiglitz.

2) He should replace immediately Federal Reserve Chairman Ben Bernanke with Stephen Roach (Morgan Stanley)

My advice to Barack Obama: Pay more attention to what Paul Volcker has to say...


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More...

Would that he would.

And I thought that we had a little slowed the party of Gold worshipers when we elected him.
 
Quote from tomdavis:


My neighbor is a doctor and he no longer accepts Medicare patients unless they have supplemental insurance (definitely not free). Otherwise he loses money on every Medicare patient.

There is no such thing as "free" healthcare.
More...

Health care are very expensive for only one reason : It's because there is big cartel called the Order of Doctor... Their goal is to limit the maximum of student who can take medicine at university... If you don't trust me look at the rate of people who fail in medicine studies... It's higher than in any other field however all the classes are full^^

The Supply and Demand will say :

Less docs = more money !!! taattaaa
 
Quote from SNBthetrue:

Health care are very expensive for only one reason : It's because there is big cartel called the Order of Doctor... Their goal is to limit the maximum of student who can take medicine at university... If you don't trust me look at the rate of people who fail in medicine studies... It's higher than in any other field however all the classes are full^^

The Supply and Demand will say :

Less docs = more money !!! taattaaa
More...

Not the only reason... also,

1. Lack of tort reform and a litigious society.

2. Medicare and Medicaid pay at such a low level, providers have to make up costs and profit margins on privately insured services.

Doctor greed is not the number one reason for the high cost of health care.
 
Quote from tomdavis:

People talk about the "free" healthcare they get from Medicare. What they fail to recognize is that the system is near bankruptcy. http://www.usatoday.com/news/washington/2007-05-28-federal-budget_N.htm
http://online.wsj.com/article/SB120373015283387491.html

My neighbor is a doctor and he no longer accepts Medicare patients unless they have supplemental insurance (definitely not free). Otherwise he loses money on every Medicare patient.

There is no such thing as "free" healthcare.
More...


This is very much true.

Mayo Clinic is no longer is accepting new medicare patients and its the lefties that hold Mayo up as the standard. LOL!!!
 
Quote from Pa(b)st Prime:

Good grief are you a tool.

How about telling us the diff between Rubin, Paulson, Geithner, Summers and the diff between Bush/Paulson bailouts and Obama's desires. A serial correlation of 90%.

If the market was enthusiastic about the Obama team then guess what. Equities would be rallying unmolested off of a 'V" bottom just like in 1937 and 1974. Sideways after this decline is macro bearish......
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bush/obama no change, more of the same http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout/print
 
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