Comments for Gene Sperling Thinks Asset Bubbles Are Cool at http://www.cepr.net , comment 1 to 11 out of 11 comments http://www.cepr.net Thu, 23 May 2013 22:20:35 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6324 Aren't you violating your own principle about not assuming you can read someone else's mind here? You're quick to criticize NYT and WP authors for writing their articles this way. You don't know that he thinks those policies are fine. You only know what he said. Maybe he knew darn well that they would cause economic catastrophe, but he also knew that he and his friends would profit enormously before the collapse, and to him that was a "fine" outcome. - Melissa Fri, 07 Jan 2011 00:49:37 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6317 I can't believe that the reporter noted Sperling's support for girls' education when it should be well known that the Clinton Administration was no more in favor of free education for girls than the Reagan and Bush Administrations were. A number of countries, Tanzania most notably, were forced to begin charging fees for education which, of course, meant that the number of girls in school fell precipitously. - PeonInChief Thu, 06 Jan 2011 14:00:18 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6315 Name names. By not naming names -- the reporters and editors who should be most responsible to establishing the correct tone and content of reporting on this subject -- it makes it much easier for them to continue shirking their responsibility. They deserve 1000 or 10,000 emails. - urban legend Thu, 06 Jan 2011 11:54:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6311 Dean- Did you say all of this to Jim Puzzanghera when he contacted you for a comment? If so, he has clearly skewed the record and is busy making the (liberal) case for Sperling's appointment. - Anthony Banks Thu, 06 Jan 2011 05:56:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6310 Maybe we'll get the same kind of horrors we got with welfare "reform," you know, the kind of legislation you get with Republican control of Congress. - PeonInChief Thu, 06 Jan 2011 05:02:05 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6309 This is like Barney Frank and Ron Paul going after the Fed. Such joy in the new year! Now go for the jugular...stop the destabilizing activist monetary policy now. Ditch the employment provision in the Fed charter. - pete Thu, 06 Jan 2011 04:53:34 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6308 In fact, this is what's wrong with ALL economic hold-overs from the Clinton era. Clinton's economic prosperity was based on the dot-com bubble, and not upon an improvement in the economy's underlying fundamentals. This sort of economic prosperity may be good for Wall Street, but it tears at the fabric of the middle class by not allowing them to successfully plan for future financial needs. Indeed, this is precisely what drives Goldman Sachs et al to pay Sperling (and others like him) to consult with them "on charitable donations": To keep him busy, idle, and available for the next Democratic administration (think, "farm team"), knowing that when he was next "called up", he would not disturb the waters that the Wall Street Titans swim in. - Benedict@Large Thu, 06 Jan 2011 04:48:22 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6307 For an interesting comment on President Obama's choice of Sperling and other of his persuasion, check out: [url]http://rortybomb.wordpress.com/2011/01/05/the-new-financial-elite-rubinites-and-the-democratic-party/[/url] - Ron Alley Thu, 06 Jan 2011 04:42:18 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6306 President Obama's appointment of Gene Sperling is another boat missed. When I look at the number of competent economists who support the changes the President feature in his campaign rhetoric, I wonder how much damage Mr. Obama has done to the future of the Democratic Party by leaving so much talent on the sidelines. Even the best players benefit from time on the field. - Ron Alley Thu, 06 Jan 2011 04:36:48 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6305 How would one get elected advocating bursting a bubble? When it comes to the stock and housing bubble we have seen the enemy and it is the median voter. The stock bubble was partly the result of the median voter owning stock directly of through mutual funds. The housing bubble was partly the result of the fact that there are always far more home owners that vote than people wish to buy a home cheap that vote. - Floccina Thu, 06 Jan 2011 03:52:50 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gene-sperling-thinks-asset-bubbles-are-cool#comment-6302 From the LA Times article, this quote: [quote]Greenstein touted Sperling as uniquely qualified to replace Summers, having done the job before during a Democratic presidency when Republicans had control of Congress. With Republicans taking over the majority in the House on Wednesday, the ability to work across party lines will be important, Greenstein said. "It would be hard to find someone who is more experienced in the particular tasks this job entails," Greenstein said.[/quote] Exactly. When it comes to policy on asset bubbles and other essential economic issues, the two political parties conveniently merge into a single party, for which the sole objective is to preserve income inequality over all else. In this regard Sperling and Summers are two peas in a pod. - izzatzo Thu, 06 Jan 2011 02:09:07 +0100