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Chrystia Freeland

Conflicting Visions: Fixing the Global Economy

Thinking of America as "post-industrial" is giving up to the Chinese Communist Party's economic practices that has sucked our wealth building manufacturing sector of our economy.

by AmericanMadeHeroes.com 10/12/2010 12:52:24 PM
I disagree with Laura Tyson on Fed action -- I think it will lead to inflation.

by Cenk Uygur 10/12/2010 12:53:07 PM
@ Moot Dispute - why? What's the reasoning behind that? No loop-holes (in theory)?

by Huw Jones 10/12/2010 12:53:33 PM
@Cenk Uygur We agree on something for once.

by W 10/12/2010 12:53:47 PM
Back to agreeing with Hubbard on the real problem being structural economic problems. Short term Fed action is not the answer and might re-create a bubble.

by Cenk Uygur 10/12/2010 12:54:14 PM
Manufacturing? That's a long gone thought process. Now we all need to become IT majors. Try that at 50/55 years of age.

by Eileen Swanson 10/12/2010 12:54:15 PM
I don't know if they will believe Tyson because she says, "trust us."

by Lee Doren 10/12/2010 12:54:54 PM
Nobody ever defines what a "special interest" is.

by Lee Doren 10/12/2010 12:55:38 PM
"special interest" def. = A group that disagrees with someone politically.

by Lee Doren 10/12/2010 12:56:06 PM
Yes, we will be having our debate in the same studio, in a couple of minutes.

by Cenk Uygur 10/12/2010 12:56:09 PM
Freeland mentioning documentary Inside Job. We'll be posting an opinion piece by director Charles Ferguson shortly.

by Reuters.com 10/12/2010 12:57:05 PM
This is such a typical US-centric discussion. There's a lot more to the global economy than the US..... South America, Africa and South Asia can be big drivers for demand - that's where the focus has to be alongwith domestic consumption in China and East Europe

by Zeus4ever 10/12/2010 12:57:16 PM
I totally agree with "cognitive capture." Hubbard doesn't think it was a problem because he is one of the people that has been captured.

by Cenk Uygur 10/12/2010 12:57:26 PM
The problem is structural but, the feds action will not help.

by Bobby Burns 10/12/2010 12:58:00 PM
Reason: PPT to TAX EVERYTHING is simplicity and expand the tax base -- especially to thank our bankers -- inclusive of the AMORAL financial industry.

by Moot Dispute 10/12/2010 12:58:11 PM
@Lee Doren Yes, that's the definition of a special interest according to Washington.

by W 10/12/2010 12:58:29 PM
Look, when private companies know they cannot fail no matter what they do because the gov't promises to bail them out, expect them to make really, really bad decisions.

by Lee Doren 10/12/2010 12:58:43 PM
Lee, don't be absurd with your def. of "special interest". If it's not clear to everyone that the oil, pharmaceutical, etc. lobbies are able to shape gov't policy by having their hands in Congress' pockets, you must be blind.

by jrock 10/12/2010 12:58:57 PM
While we're limiting Medicare entitlements, why don't we make congress pay for their benefits, retirement, etc. They need to pay social security taxes, pay for a Medicare supplement and contribute to their own retirement like the rest of us.

by C Palermo 10/12/2010 12:59:10 PM
@Cenk - who would be your #1 pick for Larry Summers' replacement, if you had a chance to nominate candidates? Where does Laura Tyson sit by comparison?

by Huw Jones 10/12/2010 12:59:26 PM
No, we're going to make the same mistake. Our politicians will be bought by the bankers and they will suck all of the money out of the system.

by Cenk Uygur 10/12/2010 12:59:28 PM
I would pick Joseph Stiglitz to replace Larry Summers.

by Cenk Uygur 10/12/2010 1:00:02 PM
The amount of taxes is a secondary problem. Waste of tax money is the big problem. We need to get back to being the United STATES of america not just AMERICA.

by iDrGonzo 10/12/2010 1:00:04 PM
Look, the most recent financial reform law did nothing with Freddie Mac and Fannie Mae.

by Lee Doren 10/12/2010 1:00:07 PM
In what world does a Free Market include bailouts??

by Lee Doren 10/12/2010 1:01:01 PM
I loved the point about the Canadian banking system. They regulate much more -- and it works!!!

by Cenk Uygur 10/12/2010 1:01:01 PM
Let them fail.

by Lee Doren 10/12/2010 1:01:06 PM
A Free Market requires failure

by Lee Doren 10/12/2010 1:01:15 PM
Stay tuned for Cenk and me in the next few minutes.....

by Lee Doren 10/12/2010 1:01:37 PM
We're going on in a couple of minutes, so I'm signing off now. Hope you enjoy our upcoming debate.

by Cenk Uygur 10/12/2010 1:01:41 PM
Cananda's still poorer than the US, they're not doing it all right by a long shot.

by Richard Jules Watt 10/12/2010 1:02:12 PM
@iDrGonzo there's no doubt that the gov't does not spend our tax $s wisely or efficiently, but I hate to say it but decades of poor economic decisions by the gov't have left us in a position that higher taxes will be required. I think people think that spending cuts alone are the answer, but they're dead wrong.

by jrock 10/12/2010 1:02:33 PM
Try refreshing the page if you're having video problems.

by Reuters.com 10/12/2010 1:03:51 PM
I'm looking forward to a spirited debate. Come loaded with facts and keep the talking points to a minimum please.

by TheNewsIsBroken 10/12/2010 1:03:54 PM
Lee Doren is dead on. This recession is a product of the environment. The only thing the bailout did is keep a hand full of people out of jail.

by iDrGonzo 10/12/2010 1:04:21 PM
I loved Milton Friedman's point that the best thing about the government is that it's so inefficient, if it were more so it could do so much more damage with the money it has.

by Richard Jules Watt 10/12/2010 1:06:52 PM
I am not talking about spending cuts. We could completely overhaul our education system with just a fraction of our military budget.

by iDrGonzo 10/12/2010 1:06:57 PM
Standby for our debate between Cenk Uygur and Lee Doren

by Reuters.com 10/12/2010 1:07:45 PM
Here's some footage from their debates on YouTube

by Reuters.com 10/12/2010 1:08:09 PM
oh i'm gonna love this debate

by demondragon45 10/12/2010 1:08:46 PM
Cannot wait to see this debate.

by Aaron Hart 10/12/2010 1:09:41 PM
Video is also playing live on our home page: www.reuters.com

by Reuters.com 10/12/2010 1:12:38 PM
Education, Education, Education. Affective change is generational.

by iDrGonzo 10/12/2010 1:14:35 PM
I AGREE with Cenk, a first!

by Eileen Swanson 10/12/2010 1:16:34 PM
Why does infrastructure spending "take money out of the economy"?

by H McHenry 10/12/2010 1:17:21 PM

World News

Obama to set nuclear arms cut goal in Berlin speech

BERLIN - President Barack Obama will unveil plans for a sharp reduction in nuclear warheads in a landmark speech at the Brandenburg Gate on Wednesday that comes 50 years after John F. Kennedy declared "Ich bin ein Berliner" in a defiant Cold War address.

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Chrystia Freeland

Conflicting Visions: Fixing the Global Economy

World News

Obama to set nuclear arms cut goal in Berlin speech

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