This is really incredible. Greg Mankiw. I swear, it's almost getting comical. Anyone who had any hope whatsover that we would see some change (surprise...it didn't happen with Obama) in the sick, misguided, neoliberal fascism that's been gripping us for the past 30 years just got punched in the gut one more time. Greg Mankiw???
Yes, Greg Mankiw...this is Romney's brilliant choice to lead his economic policy?
Mankiw, of course, is the Harvard Professor best known as being George Bush's head of the Council of Economnic Advisors. He's also the economic "genius" who didn't see the financial crisis coming, probably because he pushed the very policies that caused it to happen. Last year a bunch of his more enlightened students walked out of his "Introductory Economics" class in protest to the garbage he was teaching them.
Mankiw is a gung-ho "deregulationist;" a believer that less is more when it comes to financial sector regulation and that ZERO regulation is best. He also apparently thinks that fraud is pretty good too. That's right, he condoned it. Here was an actual Mankiew quote: "It would be irrational for savings and loans [CEOs] not to loot.”
How is it that these guys, who have been wrecking our economy, destroying the incomes of working people and supporting outright ciminality keep coming back, over and over and over again? Mankiw, Summers, Rubin, Greenspan...the merry-go-round continues. That means we have another four years to look forward to of the same, destructive policies.