Comments on: Forming ECON Team 4 is next president’s top task http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AZreb http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/comment-page-1/#comment-10797 Sun, 07 Oct 2012 14:24:48 +0000 http://blogs.reuters.com/breakingviews/?p=14362#comment-10797 No more banksters on any future economic “dream team”!!!! We have Geithner, a promoter for the banks and big financial institutions, and his team has all jumped ship. Summers – another promoter for the banksters – please, no more like these two.

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By: OneOfTheSheep http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/comment-page-1/#comment-10778 Wed, 03 Oct 2012 21:20:37 +0000 http://blogs.reuters.com/breakingviews/?p=14362#comment-10778 “So the first challenge for the next administration will be to find a way to reduce government and entitlement spending and reform the tax code. The task is Herculean, thanks to gridlock on Capitol Hill. But a president who manages to bring the parties together will be in a better position to fulfill his other campaign pledges.”

I respectfully disagree. There is little difference between the parties in that neither can today bring about a genuinely smaller and more effective federal government, nor do they seem to want to. The federal bureaucracies and their bureaucrats are the same the “day after” as the “day before”. Campaign promises are like hot-air balloons, quickly deflated and stored until deemed useful again.

“…putting the United States on a stable long-term financial trajectory, and taking the prospect of a European-style debt crisis off the table, is the stuff from which legacies are made.” Quite right. The single way to do this is to inspire “we, the people” to debate what kind of country our prodigious economy can afford, and prioritize available resources toward goals adopted following national debate and consensus.

But no one steps forward, sword in hand, to this end because necessary action cuts deep into parts of each party’s constituency (special interests). Every political and economic pressure will be fully employed in a “teeth and hair” fight. Success is as unlikely as it is essential, and massive casualties (losers) are unavoidable.

Few, indeed, would step forward into such an arena. But our “can” is already at the end of the road. There is nowhere further to kick it.

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By: AnIowan http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/comment-page-1/#comment-10774 Wed, 03 Oct 2012 02:19:26 +0000 http://blogs.reuters.com/breakingviews/?p=14362#comment-10774 Please no more academics. The Romney economic team should be filled with industrialists and shy on bankers and lifetime bureaucrats. The global economy has cratered beyond the theories and models. It is time for practical measures and measured practices.

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By: edgyinchina http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/comment-page-1/#comment-10773 Wed, 03 Oct 2012 00:07:53 +0000 http://blogs.reuters.com/breakingviews/?p=14362#comment-10773 And regardless of who wins it will be the same old tired ideas, from the same old tired set of Washington insiders.

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By: Samrch http://blogs.reuters.com/breakingviews/2012/10/02/forming-econ-team-4-is-next-presidents-top-task/comment-page-1/#comment-10772 Tue, 02 Oct 2012 22:05:59 +0000 http://blogs.reuters.com/breakingviews/?p=14362#comment-10772 E had grid lock before the election. What makes you think it will stop. If the leaders do not have the common good in their harts and do not choose only what has been shown to work for the same set of problems, expect grid lock or actions that may be worst, if winner decides to follow some dysfunctional belief of his backers.

Greenspan when questioned by the senate said the reason he supported deregulation was his flawed philosophy. Since he was an educated trained economist who know history that hard to believe but I guess it sounded better to him than I did what you guys and the bankers wanted.

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