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	<title>Comments on: Krugman: Phil Gramm would be ‘just the guy’ to lead us into a Great Depression.</title>
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	<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/</link>
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		<title>By: Rich H</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5232548</link>
		<dc:creator>Rich H</dc:creator>
		<pubDate>Tue, 16 Sep 2008 22:24:04 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5232548</guid>
		<description>Minus the bailouts we would already be there.  And were close.</description>
		<content:encoded><![CDATA[<p>Minus the bailouts we would already be there.  And were close.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5232548', 400, 400)"></a></p>
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		<title>By: I. B. Leary</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5232488</link>
		<dc:creator>I. B. Leary</dc:creator>
		<pubDate>Tue, 16 Sep 2008 21:41:03 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5232488</guid>
		<description>It&#039;s nice to see that old mealy mouth Phil Gramm helped to orchestrate the current crisis. How can Mcbush lose? (Sarc off) :)</description>
		<content:encoded><![CDATA[<p>It&#8217;s nice to see that old mealy mouth Phil Gramm helped to orchestrate the current crisis. How can Mcbush lose? (Sarc off) :)<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5232488', 400, 400)"></a></p>
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		<title>By: Paul W</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231990</link>
		<dc:creator>Paul W</dc:creator>
		<pubDate>Tue, 16 Sep 2008 19:15:27 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231990</guid>
		<description>republicanSScareme said:

&lt;em&gt;Paul, we’re already being led into a Great Depression by the Zionist controlled banking system and their thug friends, the Bush family. I don’t like Phil Gramm any more than you do, but trying to blame an ignorant goy for the depression Jews are causing is a big stretch. Phil Gramm has been selling magazine subscriptions in Dallas the last ten years. Don’t blame him for our problems.&lt;/em&gt;

Blaming Jews for our problems not only represents bigotry in it&#039;s worst form, it&#039;s just plain wrong.  Regardless of how many Jews are or are not running our banking system, you simply can&#039;t determine the who the enemy is by their religious heritage.  It doesn&#039;t work for Jews any more than it works for Muslims.

&lt;em&gt;Gramm orchestrated the Gramm-Leach-Bliley Act in 1999 which “destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies.”&lt;/em&gt;

Gramm is but one cog in an enormous machine but clearly he&#039;s one of the more important cogs as evidenced by the above quote.  You see, that&#039;s how you judge people, by their actions, no more no less.

http://progressiveworldreview.com</description>
		<content:encoded><![CDATA[<p>republicanSScareme said:</p>
<p><em>Paul, we’re already being led into a Great Depression by the Zionist controlled banking system and their thug friends, the Bush family. I don’t like Phil Gramm any more than you do, but trying to blame an ignorant goy for the depression Jews are causing is a big stretch. Phil Gramm has been selling magazine subscriptions in Dallas the last ten years. Don’t blame him for our problems.</em></p>
<p>Blaming Jews for our problems not only represents bigotry in it&#8217;s worst form, it&#8217;s just plain wrong.  Regardless of how many Jews are or are not running our banking system, you simply can&#8217;t determine the who the enemy is by their religious heritage.  It doesn&#8217;t work for Jews any more than it works for Muslims.</p>
<p><em>Gramm orchestrated the Gramm-Leach-Bliley Act in 1999 which “destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies.”</em></p>
<p>Gramm is but one cog in an enormous machine but clearly he&#8217;s one of the more important cogs as evidenced by the above quote.  You see, that&#8217;s how you judge people, by their actions, no more no less.</p>
<p><a href="http://progressiveworldreview.com" rel="nofollow">http://progressiveworldreview.com</a><a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231990', 400, 400)"></a></p>
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		<title>By: republicanSScareme</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231728</link>
		<dc:creator>republicanSScareme</dc:creator>
		<pubDate>Tue, 16 Sep 2008 18:12:11 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231728</guid>
		<description>Paul, we&#039;re already being led into a Great Depression by the Zionist controlled banking system and their thug friends, the Bush family. I don&#039;t like Phil Gramm any more than you do, but trying to blame an ignorant goy for the depression Jews are causing is a big stretch. Phil Gramm has been selling magazine subscriptions in Dallas the last ten years. Don&#039;t blame him for our problems.</description>
		<content:encoded><![CDATA[<p>Paul, we&#8217;re already being led into a Great Depression by the Zionist controlled banking system and their thug friends, the Bush family. I don&#8217;t like Phil Gramm any more than you do, but trying to blame an ignorant goy for the depression Jews are causing is a big stretch. Phil Gramm has been selling magazine subscriptions in Dallas the last ten years. Don&#8217;t blame him for our problems.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231728', 400, 400)"></a></p>
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		<title>By: Fred</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231628</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 16 Sep 2008 17:43:31 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231628</guid>
		<description>&lt;blockquote&gt;JaneaneTheAcerbicGoblin Says: 

Clinton era bipartisanship for you…disgusting…&lt;/blockquote&gt;

First, the republicans had control of the legislature at the time.  

Second the author of your piece also writes &quot;The Strange Death of Liberal America&quot;

We aint gone yet, sorry to tell ya.  repubs might be heading down the tubes though if we can get the truth out.</description>
		<content:encoded><![CDATA[<blockquote><p>JaneaneTheAcerbicGoblin Says: </p>
<p>Clinton era bipartisanship for you…disgusting…</p></blockquote>
<p>First, the republicans had control of the legislature at the time.  </p>
<p>Second the author of your piece also writes &#8220;The Strange Death of Liberal America&#8221;</p>
<p>We aint gone yet, sorry to tell ya.  repubs might be heading down the tubes though if we can get the truth out.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231628', 400, 400)"></a></p>
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		<title>By: JaneaneTheAcerbicGoblin</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231590</link>
		<dc:creator>JaneaneTheAcerbicGoblin</dc:creator>
		<pubDate>Tue, 16 Sep 2008 17:33:05 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231590</guid>
		<description>http://www.progressivehistorians.com/2007/11/bill-clintons-role-in-mortgage-crisis.html</description>
		<content:encoded><![CDATA[<p><a href="http://www.progressivehistorians.com/2007/11/bill-clintons-role-in-mortgage-crisis.html" rel="nofollow">http://www.progressivehistorians.com/2007/11/bill-clintons-role-in-mortgage-crisis.html</a><a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231590', 400, 400)"></a></p>
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		<title>By: JaneaneTheAcerbicGoblin</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231566</link>
		<dc:creator>JaneaneTheAcerbicGoblin</dc:creator>
		<pubDate>Tue, 16 Sep 2008 17:27:03 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231566</guid>
		<description>&lt;blockquote&gt;I was wondering if someone would now say “It’s all Clinton’s fault!” so I looked up the Gramm-Leach-Bliley Act. It was passed by a veto-proof margin:

November 4, 1999 — Gramm-Leach-Bliley Act passes the Senate 90-8 and the House 362-57.&lt;/blockquote&gt;

Clinton era bipartisanship for you...disgusting...</description>
		<content:encoded><![CDATA[<blockquote><p>I was wondering if someone would now say “It’s all Clinton’s fault!” so I looked up the Gramm-Leach-Bliley Act. It was passed by a veto-proof margin:</p>
<p>November 4, 1999 — Gramm-Leach-Bliley Act passes the Senate 90-8 and the House 362-57.</p></blockquote>
<p>Clinton era bipartisanship for you&#8230;disgusting&#8230;<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231566', 400, 400)"></a></p>
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		<title>By: Fred</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231534</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 16 Sep 2008 17:20:00 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231534</guid>
		<description>Wayne Says: 

thanks Wayne, makes you wonder who is still listening to mccain doesn&#039;t it.  Matthews sounds like he is scared of mccain and he should be.

good to hear it on msm though.....pleasantly surprising.</description>
		<content:encoded><![CDATA[<p>Wayne Says: </p>
<p>thanks Wayne, makes you wonder who is still listening to mccain doesn&#8217;t it.  Matthews sounds like he is scared of mccain and he should be.</p>
<p>good to hear it on msm though&#8230;..pleasantly surprising.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231534', 400, 400)"></a></p>
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		<title>By: tigger</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231484</link>
		<dc:creator>tigger</dc:creator>
		<pubDate>Tue, 16 Sep 2008 17:08:14 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231484</guid>
		<description>November, 1929

“Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”

—Herbert Hoover</description>
		<content:encoded><![CDATA[<p>November, 1929</p>
<p>“Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”</p>
<p>—Herbert Hoover<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231484', 400, 400)"></a></p>
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		<title>By: tigger</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231458</link>
		<dc:creator>tigger</dc:creator>
		<pubDate>Tue, 16 Sep 2008 16:59:40 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231458</guid>
		<description>Totally agree with PK -- this is exactly what I&#039;ve been telling people.</description>
		<content:encoded><![CDATA[<p>Totally agree with PK &#8212; this is exactly what I&#8217;ve been telling people.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231458', 400, 400)"></a></p>
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		<title>By: Wayne</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231442</link>
		<dc:creator>Wayne</dc:creator>
		<pubDate>Tue, 16 Sep 2008 16:53:50 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231442</guid>
		<description>Here   is  an  article  covering   yesterdays   Hardball,  Fred
&lt;a href=&quot;http://newsbusters.org/blogs/geoffrey-dickens/2008/09/15/matthews-mccain-sounds-herbert-hoover&quot; rel=&quot;nofollow&quot;&gt;
Matthews: McCain Sounds Like Herbert Hoover&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Here   is  an  article  covering   yesterdays   Hardball,  Fred<br />
<a href="http://newsbusters.org/blogs/geoffrey-dickens/2008/09/15/matthews-mccain-sounds-herbert-hoover" rel="nofollow"><br />
Matthews: McCain Sounds Like Herbert Hoover</a><a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231442', 400, 400)"></a></p>
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		<title>By: Wayne</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231412</link>
		<dc:creator>Wayne</dc:creator>
		<pubDate>Tue, 16 Sep 2008 16:46:50 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231412</guid>
		<description>&lt;em&gt;Fred Says:

    McCain: ‘I Still Believe The Fundamentals Of The Economy Are Strong’

    “Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”

    —Herbert Hoover
    November, 1929

American’s are playing with fire and no one in the media will allow the truth to be told.&lt;/em&gt;


&quot;Tweety&quot;  Mathews  was  making   this  point  on  Hardball  yesterday  and  he  was  really  jumping  on   the   McCain  people   who  were  trying  to  doublespeak  around  McCain&#039;s  plans  for  economy.   I  was  actually surprised  Mathews was  actually  acting  like  a  journalist  yesterday.</description>
		<content:encoded><![CDATA[<p><em>Fred Says:</p>
<p>    McCain: ‘I Still Believe The Fundamentals Of The Economy Are Strong’</p>
<p>    “Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”</p>
<p>    —Herbert Hoover<br />
    November, 1929</p>
<p>American’s are playing with fire and no one in the media will allow the truth to be told.</em></p>
<p>&#8220;Tweety&#8221;  Mathews  was  making   this  point  on  Hardball  yesterday  and  he  was  really  jumping  on   the   McCain  people   who  were  trying  to  doublespeak  around  McCain&#8217;s  plans  for  economy.   I  was  actually surprised  Mathews was  actually  acting  like  a  journalist  yesterday.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231412', 400, 400)"></a></p>
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		<title>By: MapleStreet</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231330</link>
		<dc:creator>MapleStreet</dc:creator>
		<pubDate>Tue, 16 Sep 2008 16:18:21 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231330</guid>
		<description>Some have observed that McCain&#039;s speeches of late sound a lot like Herbert Hoover.  McCain Feingold.  Graham Rudman.  

Change you can believe in.  Just you can believe in events to be catastrophic.</description>
		<content:encoded><![CDATA[<p>Some have observed that McCain&#8217;s speeches of late sound a lot like Herbert Hoover.  McCain Feingold.  Graham Rudman.  </p>
<p>Change you can believe in.  Just you can believe in events to be catastrophic.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231330', 400, 400)"></a></p>
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		<title>By: stateofthedivision</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231316</link>
		<dc:creator>stateofthedivision</dc:creator>
		<pubDate>Tue, 16 Sep 2008 16:15:53 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231316</guid>
		<description>Welcome to the PEU economy, ideal for Private Equity Underwriters.  

Guess who gets to buy back their debt on the cheap?  The Carlyle Group&#039;s David Rubenstein bragged about this opportunity not long ago.

Tomorrow Kohlberg, Kravis, Roberts gets that very chance as Lehman is selling a big chunk of their high risk, high yield debt.  

http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aeF28VU0BBuY&amp;refer=home

Bloomberg said they&#039;re dumping assets, which usually means on the cheap.  Will Henry Kravis get to buy his debt for 50 cents on the dollar?  Stay tuned!</description>
		<content:encoded><![CDATA[<p>Welcome to the PEU economy, ideal for Private Equity Underwriters.  </p>
<p>Guess who gets to buy back their debt on the cheap?  The Carlyle Group&#8217;s David Rubenstein bragged about this opportunity not long ago.</p>
<p>Tomorrow Kohlberg, Kravis, Roberts gets that very chance as Lehman is selling a big chunk of their high risk, high yield debt.  </p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aeF28VU0BBuY&amp;refer=home" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aeF28VU0BBuY&amp;refer=home</a></p>
<p>Bloomberg said they&#8217;re dumping assets, which usually means on the cheap.  Will Henry Kravis get to buy his debt for 50 cents on the dollar?  Stay tuned!<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231316', 400, 400)"></a></p>
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		<title>By: Fred</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231238</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:57:06 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231238</guid>
		<description>&lt;strong&gt;poor companies in America&lt;/strong&gt;
I just don’t get it…..what part of record profits do you guys not understand……

what part of minimum wage is below poverty level do you guys not understand?

What part of 47 million Americans without health insurance and the majority that do have it are underinsured do you guys not understand.

Business did just fine under Clinton......

I am really sick of hearing how hard life is for corporations in the US</description>
		<content:encoded><![CDATA[<p><strong>poor companies in America</strong><br />
I just don’t get it…..what part of record profits do you guys not understand……</p>
<p>what part of minimum wage is below poverty level do you guys not understand?</p>
<p>What part of 47 million Americans without health insurance and the majority that do have it are underinsured do you guys not understand.</p>
<p>Business did just fine under Clinton&#8230;&#8230;</p>
<p>I am really sick of hearing how hard life is for corporations in the US<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231238', 400, 400)"></a></p>
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		<title>By: Fred</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231222</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:52:13 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231222</guid>
		<description>&lt;blockquote&gt;McCain: ‘I Still Believe The Fundamentals Of The Economy Are Strong’&lt;/blockquote&gt;



&lt;blockquote&gt;“Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”

—Herbert Hoover
November, 1929&lt;/blockquote&gt;

American&#039;s are playing with fire and no one in the media will allow the truth to be told.</description>
		<content:encoded><![CDATA[<blockquote><p>McCain: ‘I Still Believe The Fundamentals Of The Economy Are Strong’</p></blockquote>
<blockquote><p>“Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”</p>
<p>—Herbert Hoover<br />
November, 1929</p></blockquote>
<p>American&#8217;s are playing with fire and no one in the media will allow the truth to be told.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231222', 400, 400)"></a></p>
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		<title>By: pbg</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231154</link>
		<dc:creator>pbg</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:20:01 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231154</guid>
		<description>And if John McCain gets elected and dies in office, Phil Gramm will be President in all but name.</description>
		<content:encoded><![CDATA[<p>And if John McCain gets elected and dies in office, Phil Gramm will be President in all but name.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231154', 400, 400)"></a></p>
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		<title>By: Paul W</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231142</link>
		<dc:creator>Paul W</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:14:15 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231142</guid>
		<description>&lt;em&gt;Gramm orchestrated the Gramm-Leach-Bliley Act in 1999 which “destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies.” He also pushed the Commodity Futures Modernization Act in 2000, which made legal “the mortgage swaps distancing the originator of the loan from the ultimate collector.” The Nation writes that “those two acts effectively ended significant regulation of the financial community.”&lt;/em&gt;

There&#039;s a recurring theme in our society of not learning from past mistakes.  We could have easily predicted the failure of the war on drugs from the failure of prohibition.  If we had learned the crucial lessons from the Viet Nam war we could have prevented the debacle in Iraq, and now we are reaping the results of not heeding the lessons of the Great Depression.  

http://progressiveworldreview.com</description>
		<content:encoded><![CDATA[<p><em>Gramm orchestrated the Gramm-Leach-Bliley Act in 1999 which “destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies.” He also pushed the Commodity Futures Modernization Act in 2000, which made legal “the mortgage swaps distancing the originator of the loan from the ultimate collector.” The Nation writes that “those two acts effectively ended significant regulation of the financial community.”</em></p>
<p>There&#8217;s a recurring theme in our society of not learning from past mistakes.  We could have easily predicted the failure of the war on drugs from the failure of prohibition.  If we had learned the crucial lessons from the Viet Nam war we could have prevented the debacle in Iraq, and now we are reaping the results of not heeding the lessons of the Great Depression.  </p>
<p><a href="http://progressiveworldreview.com" rel="nofollow">http://progressiveworldreview.com</a><a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231142', 400, 400)"></a></p>
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		<title>By: Bob</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231102</link>
		<dc:creator>Bob</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:07:26 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231102</guid>
		<description>McHoover will fix it.  I forget where, but someone was saying that Hoover was saying pretty much the same thing leading up to the Depression.  Hoover, right before the crash of &#039;29, was saying that the fundamentals are strong or sound or something like that.  The same rhetoric Hoover used before the gloom is what McHoover is saying now eighty years later.  Maybe John is reading off notes he took listening to Hoover.</description>
		<content:encoded><![CDATA[<p>McHoover will fix it.  I forget where, but someone was saying that Hoover was saying pretty much the same thing leading up to the Depression.  Hoover, right before the crash of &#8216;29, was saying that the fundamentals are strong or sound or something like that.  The same rhetoric Hoover used before the gloom is what McHoover is saying now eighty years later.  Maybe John is reading off notes he took listening to Hoover.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231102', 400, 400)"></a></p>
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		<title>By: ucsbclassics53</title>
		<link>http://thinkprogress.org/2008/09/16/krugman-on-gramm/comment-page-1/#comment-5231096</link>
		<dc:creator>ucsbclassics53</dc:creator>
		<pubDate>Tue, 16 Sep 2008 15:06:44 +0000</pubDate>
		<guid isPermaLink="false">http://thinkprogress.org/2008/09/16/krugman-on-gramm/#comment-5231096</guid>
		<description>and people like our trolls would be saying how the economy&#039;s great and we&#039;re only whining, even in the midst of Great Depression 2.</description>
		<content:encoded><![CDATA[<p>and people like our trolls would be saying how the economy&#8217;s great and we&#8217;re only whining, even in the midst of Great Depression 2.<a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://thinkprogress.org/wp-content/plugins/dd-report-comments/report.php?c=5231096', 400, 400)"></a></p>
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