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Nobel laureate Stiglitz predicts Obama win, recession
AFP
Tuesday, Sept 30, 2008
Joseph Stiglitz, who won the 2001 Nobel prize for economics, said on Tuesday that the United States faces a long recession and predicted that Democrat Barack Obama will win November’s presidential elections.
“The next president of the United States will be Barack Obama,” Stiglitz told the Italian daily La Stampa in an interview.
“In a situation like this, there’s no way the Americans will return the party of the outgoing president to the White House.”
(Article continues below)
He added: “In the markets, we’ll see the Dow Jones index fall more steeply than we can imagine today. We will have other dramatic failures of financial institutions. The American economy is headed into a long recession.”
In such an economic situation, “I think there is little doubt how the November elections will turn out,” said Stiglitz, a former vice president of the World Bank and adviser to ex-US president Bill Clinton.
“We are in the midst of the worst crisis of the last century, and until we’ve reached the bottom we cannot climb back up,” he said.
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9 Responses to “Nobel laureate Stiglitz predicts Obama win, recession”
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September 30th, 2008 at 11:26 am
Stiglitz again????? Come on! Find a real economist please
September 30th, 2008 at 11:30 am
First.
September 30th, 2008 at 1:21 pm
the fixing it for McCain.
http://ca.youtube.com/watch?v=3rrWRNJ2lOs
September 30th, 2008 at 1:38 pm
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Guess what? 911 #2 is going on NOW.
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http://illuminatimatrix.wordpr.....symbolism/
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Now you know.
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September 30th, 2008 at 3:56 pm
Lyndon Larouche is a “real” economist who has been talking out against this for many, many years…
http://larouchepac.com/news/20.....-four.html
Tune in tommrow @ 1pm!
September 30th, 2008 at 4:07 pm
no matter who wins of the two controlled parties, amerika losses !!!!!!!!! and me thinkest him wrong to say recession instead of the truth, DEPRESSION !!!!!!!!!
http://www.youtube.com/watch?v=8rmQsA0mxwo
September 30th, 2008 at 4:45 pm
An Analysis Of The Change Issue
As yet another Presidential election season has come due, it is well worth noting that “change” has become a constantly recurring campaign slogan in American elections. Those intellectuals who opt to continue onward with such a tired refrain are well aware that very little will change for the betterment of the American public-at-large, in spite of the media-controlled flood of campaign rhetoric on behalf of the respective nominees.
Many Americans may well wonder, “Why is it that we desire change in the first place?”
Whereas the Constitution of the United States was originally fabricated in order to give the American citizens a simple guideline for their representative government, more than two- hundred years of incessant Legislation has produced a miasma of orders, acts, statues and laws that are repugnant to the Constitution – each time these ideas have been merged into public policy in the name of change.
read the rest @ http://beholdtheforce.blogspot.com/
September 30th, 2008 at 6:47 pm
NOBEL WAS A RAT!! WINNING THAT PRIZE OR BEIGN A RHODE SCHOLAR ARE THE SAME THING!
STIGLITZ SOUNDS LIKE ANOTHER DISINFORMATION AGENT TO ME! DID AL GORE NOT WIN THAT PRIZE AFTER PERPETUATING THE GLOBAL WARMING LIE? HOW MUCH $$ HAS HE BEEN REWARDED WITH SINCE THEN? TRY THIS!! OVER 100 MILLION DOLLARS! AND HIS FUCKING HOUSE IS NOT GREEN(YOU KNOW CARBON CREDITS AND ALL THAT SHIT?
) AND WILL NEVER BE!! MANSIONS CANNOT BE GREEN BECAUSE EXTRAVAGANCE IS WASTEFUL!
MY ANTENNAS ARE WAY FUCKING UP ON THIS!! ALEX SHOULD KNOW BETTER BUT IT SEEMS THAT HE HIMSELF MAY BE ANOTHER PART OF THE PLAN!! HOW MUCH DOES HE STAND TO GAIN?
I WAN’T ALEX JONES TO PROVE HE IS WITH US!! STIGLITZ IS A DISINFO AGENT!!
September 30th, 2008 at 9:03 pm
why is no-one supporting Nader for president?
His only word I need to hear; protect the Constitution. Overturn all the shit done to it, by this shit bush…