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Wednesday, October 1, 2008

Thanks Senator Gramm...

... in this whacky world, take your praise and comfort as it comes.

Look, our 42nd President (I capitalize the spelling out of repect for the man/woman(?) and the office) knows the score...

Europe has thrived and prospered for decade after decade on the banking and financial system that was created by Gramm-Leach-Bliley. Somehow, the argument goes, we can't do it and it is inappropriate for the US. It created this whole mess. Well, that is placing the blame for the situation we are in on the wrong deal.

Warning: This Blog is a Bash-Free web site. And even more importantly, it is a Senator Gramm-Bashing Free web site. You want to bash Senator Gramm or his wife Wendy, then don't let the door hit you on the way out. Senator Gramm's son Marshall is one of my best friends. In the picture above, that's him on the far right enjoying a day at Belmont with me and the legendary horse handicappers Steve Crist and Mike Watchmaker. Go ahead and click on it. We were having great fun. So check your mean streaks at the door please. This Blog is meant to be informative but also entertaining and fun. You wanna know why? Because that's the kind of guy I am.
And when it comes to economics, I know Senator Gramm...I worked with Senator Gramm...listen are no Phil Gramm.


Derek Pszenny said...

Obama's economic statements always seem to be off base. This is a little off topic but do any mainstream economist agree with BO as it re;ates to trickle down economics?

Randall Parker said...

His chief advisors are the great David and Christina Romer of Cal Berkeley. Both of them are on the NBER Business Cycle Dating Committee and are serious scholars.

I really don't understand what is meant by "trickle down economics". It has many different meanings to many different people like "the rich and the poor" or Charlie Gibson asking Palin about "the Bush Doctrine". So I dunno.

Anonymous said...

will you end up like these?