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Marv's Comments

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Paul Krugman Advised Fed To Create A Housing Bubble In 2002

Paul Krugman Advised Fed To Create A Housing Bubble In 2002

Commented Apr 22, 2013 at 01:26:09 in Business

“Paul Krugman did NOT advise the Fed to create a housing bubble to replace the NASDAQ bubble. Here is the excerpt from his 2002 posting: "To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." Matthew Kline should be suspended from Bloomberg,”

MoJoSB on Apr 23, 2013 at 03:49:02

“And to add more credence to you post, right after that, the very next paragraph is this:

"Judging by Mr. Greenspan's remarkably cheerful recent testimony, he still thinks he can pull that off. But the Fed chairman's crystal ball has been cloudy lately; remember how he urged Congress to cut taxes to head off the risk of excessive budget surpluses? And a sober look at recent data is not encouraging."

Basically saying that it's not going to work and a bad idea. How can anyone read this any other way? Not only was he quoting someone else but in the very next statement he disagrees with the idea and the quote.”
huffingtonpost entry

How Did Mitt Make So Much Money and Pay So Little in Taxes?

Commented Apr 12, 2012 at 15:32:58 in Politics

“Hold on a second. In step 4 Robert says the company will show bigger profits after deducting the interest on the money that was borrowed. Excuse me, but a deduction would LOWER profits! I think a correction is required.”

leantotheleft on Apr 12, 2012 at 17:18:59

“Does he mean "taking a deduction" on interest paid, as one takes a mortgage deduction on income tax?”

Viper on Apr 12, 2012 at 16:22:36

“Yes, I thjnk he means they pay less taxes...becuase of the interest income they siphoin off”
huffingtonpost entry

On Leaving the LA Times

Commented Nov 14, 2005 at 12:01:41 in Politics

“I was really shocked to hear that you were fired. Maybe the truth is too much for some. I look forward to reading your column now at the Huff post.”