CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, September 24, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Cartoon of the Day
- Credit Crunch? What Credit Crunch?
- Lots of People Could Use A Cash Infusion
- If Banks Disappear, It Doesn't Mean Lenders Will
- How Big Is One Trillion? (1,000,000,000,000)
- LA Times: Give The Professor The Data
- UAW Doesn't Discriminate, Why Should McCain?
- Affordable Housing: Nobody Knows What It Means, Bu...
- What Do New Yorkers Think About Free Trade?
- Flashback to 1999: Origins of the Credit Crisis
11 Comments:
Yeah. Anyone else want to be that, if the timing of this credit crunch was hurting the Dem's chances, that there'd be screams of "Conspiracy!!" from the entire left blathersphere?
LOL. You know the left MSMs aren't going to let go of this one, either.
Ahminajad drops The Big One on Tel Aviv tomorrow, and the NYT headlines the next day will say:
"Credit Crunch Drives Iran to War!!"
:-S
"Republican presidential candidate John McCain announced today he is suspending his campaign to return to Washington and focus on the crisis facing the U.S. economy. He challenged Democratic rival Barack Obama to do the same. McCain also requested that Friday's presidential debate be postponed."
This is great, great politics. But if he gets a real bounce off of this move then the American public really is dumb.
999 you're a moron - McCain is doing what is RIGHT for the country...B.O. is toast!
McCain is a senator with business to attend to in the senate. That's where he belongs right now.
I don't care what Obama does.
Last wk, Obama made the right noises supporting the efforts of the FED and the Treasury while McCain went on a populist tirade. Obama sounded like the stateman.
In reality, neither has a clue how to solve this crisis. It's all optics and very little substance.
qt,
You are right. But I trust Obama's economic policy team over McCain's. Can you imagine Phil Gramm as the US Secretary of the Treasury with a free check for $700 billion?!
The thought sends shivers down my spine.
Oh, and the other two posters. This is exactly the type of response that McCain's team wants people to have. You are like his little puppets that he likes to play with sometimes.
You know sometimes you hear politicians say the dumbest things to get votes and you wonder "Who do they think is falling for this?" Well, we have exhibit A and B in this thread.
After this week, I've pretty much accepted that we're screwed either way.
Intrade.
A betting site that predicted the Patriots would win the Super Bowl. And predicted this summer, Mrs. Clinton would win the primaries, gasoline would be over $5.00 a gallon, gold over $1000. and crude prices would break $200 a bbl.
machiavelli,
I did laugh at your exhibit A & B.
Not really confident in either team on this issue. Granted, it is a very complex problem. While I can see that government action in the circumstances (irregardless of who you blame - my preference is that you check blame at the door) is necessary, I have less confidence on the correct course of action. There aren't too many folks offering up solutions.
Usually, the most important aspect of the piece is foreign policy for me where I tend to prefer a republican team to a democratic one.
I realize economic issues favor Obama while rumbles in Georgia favor McCain (Obama responded by reading a prepared text and failing to make eye contact shifting his position 3 x in 1 week - not exactly a confidence builder).
Looks like you will be getting Obama.
greg mankiw has a good post about Intrade doubts . . .
Is Intrade Suspect?
I see Mccain who proclaimed he knows nothing about the economy is doing a cut and run to avoid discussing the $800+ bailout.
That is some real leadership for you.
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