[Vision2020] Fw: Fw: surprise, surprise
Ron Force
rforce2003 at yahoo.com
Fri Jan 13 17:14:33 PST 2012
Trump (or his companies) have declared bankruptcy four times.
Paul Krugman on why success in business doesn't translate to government:
Businessmen and Economics
A brief thought on something I’ll try to expand on later. Leaving aside
all the questions about what Mitt Romney did or didn’t do at Bain — and
about his self-aggrandizing double standard — there’s an even broader question: why does anyone believe that success in business qualified someone to make economic policy?
For the fact is that running a business is nothing at all like making macro policy. The key point about macroeconomics is the pervasiveness of
feedback loops due to the fact that workers are also consumers. No
business sells a large fraction of its output to its own workers; even
very small countries sell around two-thirds of their output to
themselves, because that much is non-tradable services.
This makes a huge difference. A businessman can slash his workforce in half,
produce about the same as before, and be considered a big success; an
economy that does the same plunges into depression, and ends up not
being able to sell its goods. Nothing in business experience prepares
one for the paradox of thrift, or even the inflationary impact of
increases in the money supply (which is real when the economy isn’t in a liquidity trap.)
And I haven’t even mentioned the fact that
presidents need to work with Congress, and face far more limits on their authority than CEOs.
The idea that what America needs now is an executive type is just foolish.
He expands on the idea in today's column in the NY Times.
For further illumination, consider the last two "businessmen" in the presidency were Herbert Hoover and George W Bush.
Ron Force
Moscow Idaho USA
________________________________
From: lfalen <lfalen at turbonet.com>
To: keely emerinemix <kjajmix1 at msn.com>; v2020 at ssl1.fastmail.fm; vision2020 at moscow.com
Sent: Friday, January 13, 2012 3:08 PM
Subject: Re: [Vision2020] Fw: Fw: surprise, surprise
Cain and Trump are both successful businessmen. That is what we need at Commerce. I would not necessarily want them in any other position
Roger
-----Original message-----
From: keely emerinemix kjajmix1 at msn.com
Date: Fri, 13 Jan 2012 15:51:34 -0800
To: lfalen at turbonet.com, v2020 at ssl1.fastmail.fm, vision2020 at moscow.com
Subject: RE: [Vision2020] Fw: Fw: surprise, surprise
>
> Roger, you made an assertion that Saundra called you on, and you did it in the hope, it would seem to any reasonable person, of casting aspersions on these Democrats and the Democratic President they serve. Your partisanship is made further evident by your apparently serious suggestion below that Herman Cain or Donald Trump be made Secretary of Commerce. Only someone convinced that any Republican is better in that position than even the most judicious Democrat would suggest such a thing . . . unless it was open mike night at the Laugh Factory.
>
> Really? Cain and Trump? Is there any reason other than their Republican-ness that would make them good choices in your eyes?
>
> Keely
> www.keely-prevailingwinds.com
>
>
> > Date: Fri, 13 Jan 2012 11:15:46 -0800
> > From: lfalen at turbonet.com
> > To: v2020 at ssl1.fastmail.fm; vision2020 at moscow.com
> > Subject: Re: [Vision2020] Fw: Fw: surprise, surprise
> >
> > Saundra
> > I admit that I did not check this in Snopes or any other source. I probably should have. However your calling me blinded by partisanship is like the pot calling the kettle black. For the most part I think I have done a better job of criticising the Republicans than you have of the Democrats. regardless of whether Raines and Company were official advisors to Obama, he did consult with them on occasion(not that there is any thing wrong with that), and they did receive Golden Parachutes. Bush was just as bad in regards to Wall Street advisers(Paulson). He did however along with John McCain call attention to the dangers of Fannie and Freddie
> > www.buchright.com
> > www.americanelephant.worldpress.com
> >
> > Here is my recommendations for a nonpartisan cabinet for the successful republican winner
> >
> > Vice -President- Allen West or Marco Rubio
> > State- Condi Rice
> > Defense-Petraeus
> >
> > Treasury- Ron Paul
> > Educatiion- Mechelle Rhee
> > Labor- Linda Chavez or Thomas Sowell
> > interior- Cecill Andrus
> > Agriculture- Richard Pombo
> > Commerce- Cain or Trump
> >
> > Admittedly heavy to Republicans
> >
> > Roger
> >
> >
> >
> >
> >
> >
> >
> > -----Original message-----
> > From: "Saundra Lund" v2020 at ssl1.fastmail.fm
> > Date: Wed, 11 Jan 2012 17:03:34 -0800
> >
> > To: "'lfalen'" lfalen at turbonet.com, vision2020 at moscow.com
> > Subject: RE: [Vision2020] Fw: Fw: surprise, surprise
> >
> > > Come on, Roger -- don't be so blinded by partisanship that you prove the adage that there's a sucker born every minute willing to peddle lies.
> > >
> > > http://www.snopes.com/politics/obama/fanniemae.asp
> > > FALSE!!!
> > >
> > > Don't like Snopes? Then here's more:
> > > http://urbanlegends.about.com/od/barackobama/a/wall_street.htm
> > >
> > > It's as untrue now as it was back in 2008.
> > >
> > >
> > > Saundra
> > >
> > >
> > > -----Original Message-----
> > > From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com] On Behalf Of lfalen
> > > Sent: Wednesday, January 11, 2012 10:30 AM
> > > To: vision2020 at moscow.com
> > > Subject: [Vision2020] Fw: Fw: surprise, surprise
> > >
> > >
> > >
> > > Subject: Fw: surprise, surprise
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > WHERE ARE THEY NOW? Surprise!!!!
> > >
> > > The three who brought down Wall Street.
> > >
> > > Here's a quick look into the three former Fannie Mae executives who brought down Wall Street.
> > >
> > >
> > > Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.
> > > Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities Raines left with a "golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear.
> > >
> > >
> > > Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004. Howard's Golden Parachute was estimated at $20 Million!
> > >
> > >
> > > Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
> > > Johnson's Golden Parachute was estimated at $28 Million.
> > > *****************************************************************************************
> > >
> > > WHERE ARE THEY NOW?
> > >
> > > FRANKLIN RAINES?
> > > Raines works for the Obama Campaign as his Chief Economic Advisor.
> > >
> > > TIM HOWARD?
> > > Howard is a Chief Economic Advisor to Obama under Franklin Raines.
> > >
> > > JIM JOHNSON?
> > > Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
> > >
> > > Are we stupid or what? Vote in 2012..it is the most important election of our lives...
> > >
> > >
> > >
> > > No virus found in this message.
> > > Checked by AVG - www.avg.com
> > > Version: 2012.0.1901 / Virus Database: 2109/4728 - Release Date: 01/07/12
> > >
> > >
> > >
> >
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