Comments for 20 Percent Drops in GDP: Economists New Definition of Success at http://www.cepr.net , comment 1 to 5 out of 5 comments http://www.cepr.net Sat, 25 May 2013 02:21:00 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/20-percent-drops-in-gdp-economists-new-definition-of-success/#comment-685 I am amazed and confounded how people making anywhere near the median income in this country could agree with, much less follow, Peter Peterson's prescription for healing what ails the economy - especially now, in the middle of a recession. The only explanation that makes any sense at all is that, because these people have to cut their household spending in these tough times, the government should too. That still doesn't explain how Peterson's insistence on shredding the social safety net has so many middle class adherents, though. Maybe it's the public's belief that, "He's wealthy - he must be right." - Queen of Sheba Wed, 26 May 2010 13:09:29 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/20-percent-drops-in-gdp-economists-new-definition-of-success/#comment-671 Depressions are the wealthy elite's gift to the little people. - bobbyp Tue, 25 May 2010 19:59:22 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/20-percent-drops-in-gdp-economists-new-definition-of-success/#comment-670 I think we're just going to have to hit bottom again - I mean get to a world like Upton Sinclair's "Jungle". It's going to have to really suck all round until people start waking up. Until then, they're slowly and silently killing us by degrees - sort of like bringing up the heat on a lobster until they don't realize it's too late. Sad, but I don't see any other hope... - scathew Tue, 25 May 2010 17:21:43 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/20-percent-drops-in-gdp-economists-new-definition-of-success/#comment-669 I was going to ask if "20007" was supposed to be 2017 until I read the absurd post above. Ignorance must truly be bliss. - Darren M Tue, 25 May 2010 15:42:45 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/20-percent-drops-in-gdp-economists-new-definition-of-success/#comment-667 Not to worry, the obvious misunderstanding in the press between corporate profit and corporate welfare will be cleared up shortly on June 26 in America Speaks!, a 20-city town hall meeting in the US funded by Pete Peterson et al. "Whose Your Nanny" Dean Baker would have been the keynote speaker on "Military Keynesianism versus the Other Kind", until it was discovered that all the front row seats were reserved for organized chants of "Debt Debt Debt", just the way they brought down Bob Bennett in Utah with "TARP TARP TARP". Stupid liberals. - izzatzo Tue, 25 May 2010 14:47:05 +0100