ASU financial professor says Obama's plan will dig us deeper in the hole  

So politicians aren't allowed to change their views every so often?
I know I personally have changed my views a million times over the past 10 years. I was once a fierce democrat, then became republican while keeping a few liberal views. Now even those few liberal views are changing to conservative.

So if I'm allowed to change my mind as I grow and learn, why can't a politician?

To any who might consider that the above referenced 'expert analysis' as anything other than a political hack's attempt at pundritry, please read the disclaimer contained within the article. Did anyone notice that there is no individual by-line? What, no one at The Economist wanted to get saddled with this biased load of horse dung in their portfolio? Such partisan nonsense!

"Our survey is not, by any means, a scientific poll of all economists. We e-mailed a questionnaire to 683 research associates, all we could track down, of the National Bureau of Economic Research, America’s premier association of applied academic economists, though the NBER itself played no role in the survey. A total of 142 responded, of whom 46% identified themselves as Democrats, 10% as Republicans and 44% as neither. This skewed party breakdown may reflect academia’s Democratic tilt, or possibly Democrats’ greater propensity to respond. Still, even if we exclude respondents with a party identification, Mr Obama retains a strong edge—though the McCain campaign should be buoyed by the fact that 530 economists have signed a statement endorsing his plans.
http://www.economist.com/...

Yeah, that really inspires alot of confidence, doesn't it?

Nicely done Ladluna. I'm pretty sure Clarus is used to being proven wrong byu now. Expect Clarus to change the subject in 3...2...1...

The fact that most economists nationally are Democrats should say plenty all by itself.

Besides, the proof is in the pudding. McCain supports the same type of tax policy Bush implemented, and look where that got us. Time for a change.

ClarusVisum,

Again, for the umpteenth time, Bush's tax policy did not cause any of the economic crumble we have seen the past few weeks! What caused it was a bubble in the housing market that burst and the bubble was caused by Carter, Clinton and organizations like ACORN intimidating lending institutions into making loans that they KNEW would eventually come back to bite them! Bush recognized this in '03 and McCain in '05 but Barney Frank said Freddie and Frannie weren't in trouble and what could have been a savior was voted down both times! But then again, I don't expect you to grasp this in your "blinded by the Obamalite" state! I don't suppose you noticed that the democratically controlled congress voted to bail out the RICH guys instead of helping the middle/lower class find a way to keep their homes, go figure!

Firstly, lol, McCain voted for the bailout too.

Secondly:

"...the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.

Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.

Federal Reserve Board data show that:
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics." -- http://www.mcclatchydc.com/251/story/53802.html

ClarusVisum,

What you so conveniently forget to mention was that almost all (above 90%) of those lending institutions knew they would be able to sell their paper to Freddie or Fannie! And yes, McCain voted for the bailout but according to you that is what he is about, the big, rich guy! Now, how do you explain Obama and most of the other house and senate democrats voting for it? Or did Obama just vote "present"?

From what I understand, and I don't claim to be an expert on this, is that we really had no choice with the bailout, largly because the reason the housing market was in such bad shape was because of the laws set by previous presidents... mostly Clinton from what I've heard. They set laws so that anyone could get a home, regardless if they could afford it or not. Since the problem was the government's fault, what choice did we have?

I can't understand why this professor is referring to FDR being president during the Depression, UNLESS he meant to say AFTER the Depression on the road back... which I have heard many times from people who were living in the Great Depression.
But I do know that I agree with his end result, even tho i don't see how he came up with it, since he seems to have the President wrong.
Nevertheless, Obama's plan will give us big trouble, regardless of who was President during/after the Depression. McCain is not just trickle down, and Bush's policies are NOT what landed us where we are.

I have found that problem with many of Obama's plans. They all sound great, but I don't often see or hear about how he plans to implement them and what that would mean for our economy. Where's the fine print?

I've so many times urged people to just go to McCain's site and go to Obama's site and read the ISSUES section. I don't see how people can trust what is written in Obama's Issues section. As you both say, he makes a good talk, but then you stop to think and realize he basically said nothing.

We should be doing a lot more than praying. If you're confused you should be reading up on the issues, doing a ton of research, and asking some questions to get the real answers. Then you need to vote!!

Thanks for your response. I see so many people supporting Obama because they think it's going to help them, it frustrates me that they don't see what he's really doing. I myself am in the lower class, so yes I'd benefit from his plan, but I realize that it's not right. We do work hard to try to get by, and sometimes I don't think it's fair that we work this hard and have nothing to show for it, but at the same time I know it's our own fault. Neither hubby or I went to college, so this is the life we were dealt. We will make the best of it and not expect someone who paid for schooling and spent all that time studying to do better in life to support us.

That is so true. It will be a scary world if Obama is elected into office.

Well it looks like the kat and several others are totally brainwashed.

Figure your own tax refund, here is the Obama calculator:

http://taxcut.barackobama.com

Okay bdugas, since you brought it up: Joe the plumber isn't a licensed plumber it has been stated by a plumbing representative in Toledo, Ohio that you have to have a license to do plumbing work in Toledo. He doesn't belong to the plumber's union either. A panelist on "Face the Nation" commented that her sister was from Toledo and Joe did some plumbing work for her (totally illegal) but not to spread it around. If you had heard all of the interview and the comments by Joe after the interview you will notice he said that he would be better off with Obama's plan.

Now you bring up the wifes of the two candidates. How do you imagine that Cindy Hensley McCain go all of her money. Her father was tied in with the mafia and they helped him get his seagram business up and running.

John McCain dumped his first wife because she was no longer attractive after being in an auto accident and married into the wealth shortly afterward. Check the track record of her dad. I know that everyone has a skeleton in their closet and I don't condemn Cindy Hensley McCain, she must of seen something in John McCain that she liked.

I was stationed with a Sgt named Red Barton after WWII, Red survived the "Bataan Death March" and was a prisoner of the Japanese until the end of the war. He was severely tortured and had scars on his face and arms where they had slashed him with their swords. Red would never talk about how the Japs treated him all he would say was that it was rough or bad. We tried to get him drunk and get him talking about it to get it off his chest, but that didn't work either.

I almost made me sick every time I saw John McCain bragging about the fact that he was a POW. He used that tactic to get the sympathy vote and I'll be it made all of the Vets who were POWs sick also. I can't forgive him for that.

I registered republican in the primary and have been hounded by them for donations to the RNC. They won't get a dime of my money. And anyone who has donated to them should be very upset when they allow Palin to spend $150,000 of the money they donated just so she could go on an expensive shopping spree. It's disgusting and she aught to be ashamed of herself.