Assignment 8 J.Williams

In his article, Its not about socialism, it about rescuing Capitalism, Harold Meyerson is calling for a more regulated form of capitalism. He is not calling President Obama a socialists but does compare him to Teddy Roosevelt. Mr. Meyerson does refer to our health-care policy and points out that there are 50 million Americans without health-care coverage and we have the highest infant mortality rate than 41 other countries. This is inconceivable to me- such a high mortality rate in such a technologically advanced country as ours.

Mr. Meyerson says the blame for our economic collapse doesn't belong to one person. The collapse he says is due to a flawed system. A system in need of restructuring if it is to work again.

A. Oliver Assignment #8

The article called, "It's not about socialism, it's about bringing back capitalism" written by the author Harold Meyerson, is about exactly what it sounds like. It is an explanation of precisely why you can not call Obama a socialists. Mainstream Conservatives are not mad at Obama for being a socialist, they are mad at him for making America's system more European. Socialists liberals, also, do not call his system Socialism, as a matter of fact, socialist Americans disagree with many things that Obama is doing.

The author believes in Obama's plan and goes on to say that if he succeeds in his plans, America will come out to be a more sustainable, competitive and social capitalist nation. However, he seems angry at people accusing them, when in all regards, it's everyone's fault and the flawed American system is to blame.

Assignment 8 B Brakefield

In the article "It's not about socialism, it's about rescuing capitalism" in The Washington Post, this article is talking about now that Obama is President we are all being claimed as all socialist now. This article is written by Harold Meyerson and he is saying that really there is more absence of advocates of socialism now then there was in 1930 during the capitalist crisis. Meyerson is standing his ground on being a true democratic socialists and he states that Capitalism bred its own overhaul.
I think that this article was written to prove a point in Meyerson point of view on what he thinks of socialism and capitalism. He is arguing that there is to much silence from the people now when its really time to speak up. This article was written for the public but pointed more to people who are not speaking up as being socialist and wanting capitalism.

Assignment #8 J Miller

The article "It's not about socialism, it's about rescuing capitalism" by Harold Meyerson of the Washington Post is directing this to the American people and to the capitalist believers that socialism is taking over. With all the commotion in the media like Newsweek and spokespersons like Newt Gingrich and Mike Hucabee with their lashing comments like "We are all socialists now", "socialist republics" and "European socialism is transplanted to Washington" doesn't help the change that President Obama has in mind. This makes it impossible today to find a left-leaning party anywhere. Conservatives never bashed socialism because it was stalking America but fought against progressive reforms of free universal education, minimum wage or other tighter financial regulations and also keeping the U.S. free from universal health care resulting in the world's highest health care costs. Conservatives attacked Roosevelt as a socialist as they also attack Obama even though he is engaged in rebuilding capitalism not socialism. President Obama's stimulus plan is the only way to inject our economy and also by using more tax dollars for education and research.

As we all know the U.S. is in huge deficit and weather we agree with President Obama's decisions he was elected into office. He actually seems like he really cares in turning this country around and making a difference. The fact is that people hate change but sometimes change isn't a bad thing plus it's not like we have many options anyway.

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Assignment #6 scastaldo

We are talking about the worlds economic situation in this article written by Paul Krugman in the New York times. Why/how did we get into this situation and how do we get out? Krugman belives it all started outside the US beging mostly in Asian in the 1990's. The real estate market is another cause of some of the problems we are seeing worldwide. The real estate market effects every other market to me. if the housing market is bad then people don't want to buy cars, go casual shopping, go to the movies, or go out to eat, therefor their is not as much money going out into the market to support the workers and it is just a downward sprial.
Krugman says that part of the problem is the "saving glut." Gluttony I belive is part of the problem, but not from those who save money. From people who wanted more then they could afford, from houses, cars, clothes, handbags, all of that. And like anything else living a life style you can't afford will catch up with you eventually, and the fallback from that is what is happening to our economy.

Assignment #6: A Oliver

In this article, "The Revenge of the Glut" written by Paul Krugman, the author addresses the world's poor circulation of money. Also, he continues on to explain what cheap money is, and why it is ruining the circulation, mainly, by pooling internationally. This article is adressing the entire world. The majority of the article is based on a speech written by Ben Bernanke, the federal reserve chairman.

He states that the begginging of all these problems began in Asia, during the Chinese financial crisis; when China began trying to outsouce itself it began pumping out money into other countries, creating bad money, which drops the value of their currency, most of these funds and resources pooled into America which began to cause problems for our country. Apparently, many people think that Europes countries have magical and untouchable economies, the write of this article contests this and says that if they take the same deregulation steps that we foolishly did, that they will quickly fall into the same detrimental boat that we're in.

Assignment #8 scastaldo

Harold Meyerson is writting in the Washington Post about how ridiculus it is that some people say that we are headed into a socialist government. Meyerson takes a very sarcastic approach to making his point that he belives it is the conservatives system and their fault for the breakdown our economy is having right now. Meyerson doesn't belive that we are headed toward socialism but that we are just correcting a system that didn't work in the first place.
I understand that certian things like our health care system mabey are not the best, but that it is definetly not the worst in the world. However I don't belive that "universal health care" is the answer, i belive that is trading one problem for another. Having times being bad right now is just apart of the ups and downs of a free market. I don't belive that bail outs or hand outs are going to fix the problem, they will only prolong it, and if you let the free market take its corse then you will find that everything will bounce back again.

Assignment #6 T Parrish

The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. This article is written for the people of America, and also parts to people of countries all over the world. It explains that are where many clues to problems that where over looked. Most of our problems occurred from money being to able and readily available. A flip-flop occurred from problems from Asian markets to now European and American markets.

All this money made people feel like they could take more risk and try to increase there profits and economic standing to fast. And as one thing began to go, others soon followed suit cause the house bubble to start the auto gaints problems to much greater problems. People instead of trying to live above there means are now learning to budget and find cheap methods of getting the things they want or need.

Assignment 6 C.Caruso

The title of this article is Revenge of the Glut and the author is Paul Krugman from the New York Times. He is writing the United States citizens of about the decline of value in money. It starts out with the Subprime crisis, now to be honest i didn't know what that meant. So i had to look it up and see what it meant. It talks about how we have spent so much money, investing it in houses, but then the mortgage delinquencies and foreclosers started losing their value.

We then began borrowing money from other countries, but there was a problem with Asia and their finances. And after that happened the countries began to pretty much give out cheap money. Our country has struggled financially lately, and it's because they do not know how to budget their money correctly. Banks have been getting in trouble for giving out loans to people that can't pay them back, so they get in even more trouble. Then they have been printing too much money so the value of a dollar is going down.

Assignment # 6 D.Feaster

In the article Revenge of the Glut written by Paul Krugman talks about some issues like the subprime crisis and some of the leading fraction of the problem. The article is direct towards the American people and the readers of the New York Times. When written the article discuss about the different debt trouble that keep emerging.

One question that could be asked is how this global debt crisis happen? Many believe like Ben Bernanke it has something to do with the Asia. He said "emerging economies of Asia had been major importers of capital, borrowing abroad to finance their development." Bernanke was just to saying the Asia is consider to be the top emerging counties. In the conclusion the main issue and points the author is making is in the decline of money.

Assignment 6 J. Williams

"The Revenge of the Glut" is an article published in the New York Timesand was written by Paul Krugman. The article is directed to U.S. citizens as well as the rest of the world. It discusses our economic struggles of today as well as gives a history of Asia's economic history in the 1990's.

Krugman mentions a speech made by then Federal Reserve chairmen-Ben Bernanke. Krugman notes that while trying to sound positive, Bernanke'sspeech was a forshadow of what we are facing today. Krugman points out that Americans aren't the only ones suffering these tough economic times, this is a global recession. For us to move forward we need to learn from our mistakes. It has been said that those who do not learn from their mistakes are bound to repeat them and i beleive that applies here.

Assignment#6 B.Adams

The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. Paul Krugman writes the article for the people of America to inform them that the situation we are facing now could have been avoided. Not only does he address America but other countries as well.

Krugman want to blame the housing market and banks for not lending money for part of our economic problem.This article shows that our economic problems are somewhat worse than we have ever experienced, everything is falling apart and we need to start at the foundation and begin building up. The mistakes our country encountered should be a learning experience.
Together as one we should all do better to improve the financial crisis.

Assignment 6 JMcCrorey

The “Revenge of the Gult” is an article written by Paul Krugman in which it was published in the New York Times. The article is particular directed to the citizens of this great country and also to the rest of our friends and neighbors across the world. The article is written to show that our economic crisis is so problematic that it is not only affecting America but also the rest of the globe.

The article explains that our economic crisis is worse than the problems we experienced in the 1990’s. He states that we need to learn from our mistakes and use our mistakes as a formula so that we may emerge from this crisis successful. Krugman also mention the "Subprime Crisis" and how it was such a worry. He stated that the subprime was nothing to worry about and how we could learn from that situation. For America to escape from this economic mess we must go back to our roots and make sure we establish check and balance in every function of business and life.

Assignment #6 VMoore

Paul Krugman confronts the lead of to the economic crisis that we are now in, in his article Revenge of the Glut, seen in The New York Times. Krugman agrees with Ben Bernanke who said that the reason for the US falling economy lies in Asia. When the Asian economies started to fall, they gathered foreign assets putting their capital into the world. This capital was cheap and led to the trade deficit that we now have. Other small European countries also are running into this problem.

This fast inflow of money made investors feel like they were secure. This led to the buyers feeling like they would be fine to buy. But this quickly fell as we realized the problems we had created from the imports. Now people are losing their homes and struggling to pay off loans. So no one is investing anymore, causing the economy to rapidly fall. If something doesn't happen soon our economy is going to crash and burn. We can only hope that Obama's stimulus package will inject the money that we need into the economy.

Assignment #6 areid

The article this week looks to be written as a suttle venting post and an opinion about how America got in the economic mess that we are in today. He bases his argument off of a speech that Ben Bernanke gave four years ago. The autor agrees with Bernanke when he says that the slump came from the trade deficit of the U.S. Bernanke said four years ago that the problem lied in Asia and not the U.S. because of all the importing of capital goods. Now the U.S. has over taken the same problem as Asia did but in a much larger scale. The author says that the Asia problems were big for the times but seem minisquell compared to Americas' problem.
The author writes to an audiance that likes to hear lots of opinions and possibly takes what they like and uses it to have conversation or takes the author's opinion as their own. The author sums up the piece by a couple points. Businesses can not invest in the amount of savings that is wanted. The saving of money is the best thing to do but to keep the market flowing and to keep buisnesses on their feet they have to invest. The question now becomes how are they going to be able to invest what others want them to. This paradox "is a global slump that leaves everyone worse off. So that’s how we got into this mess. And we’re still looking for the way out."

Assignment 6 Mward

"Revenge of the Glut" by Paul Krugman in The New York Times sums up the views of Krugman related to the recession of the American economy.suffering from a global paradox of thrift: around the world, desired saving exceeds the amount businesses are willing to invest. And the result is a global slump that leaves everyone worse off. Basically too many investors are putting their money into businesses that are failing, in turn everyone is losing money. Like the reason the housing market crashed was the shady transactions of some banks and lenders, the reason the stock market is crashing is the unwise investments of some accountants and investors. Whether they be purposely invested or not.

Assignment #6 J Miller

New York Times article "Revenge of the Glut" written by Paul Krugman is directed to the American audience. It informs us as American people that subprime lending and bad home loans are only part of the problem of our nations financial downfall, we're in a world of troubled borrowers. The global debt crisis is so widespread and the answer for it begins with our giant trade deficit which was suppose to be our capital inflows but ended up spreading money to other nations according to Ben Bernanke who is a Federal Reserve chairman. This caused many smaller European economies to thrive while most of global savings glut ended up in America. American bankers hid risks and fooled their investors giving American homeowners greater assets in their homes while currencies were strong but while assets disappeared the debt still remained causing manufactures to collapse mainly in the car industry.

Our nation has made many poor economic decisions and it has occurred over several decades it's not like we fell into this huge hole of debt overnight. Yes, Americans get money hungry and will do what ever it takes to make more or do whatever it takes for their company to strive without ever thinking about the downside but sometimes you have to find yourself in a huge hole before anything good ever happens. Although the glut is bigger than ever, we're all in hopes that one day there is a chance in saving it.

Assignment 6 C.Carolina

"Revenge of the Glut" by Paul Krugman of The New York Times sums up the views of Paul Krugman related to the recession of the American economy. Krugman blames the housing market and the lack of lending by our national banks for the current economic state. As it is true that the housing market fall was directly related to the illusive tactics of bankers and lenders. Basically Krugman states the "revenge of the glut" is the cause of our recession. As a result of imports exceeding exports, the fall of the american dollar, and the fall of the domestic automobile industry we now have concrete examples of this "revenge" Paul Krugman titles his article after. This much is true, we and respectively other powerful countries alike are facing hard economic times for a number of reasons. Although it is necessary to find the cause of the problem, it's even more important to formulate a solution. Regardless of the "how" and the "why" the American people need to know the "when" and the "where". The quicker the better.

Assignment # 6, T. Beasley

This article titled "Revenge of the Glut" by Paul Krugman in The New York Times addresses the current issues faced in the economic crisis of our nation. It also speaks of the same issues being faced in other places worldwide. It looks at what happened to get the situation as bad as it is.

The "revenge" is that our nation has ended up in this crisis due mainly to poor choices made in lending and by the fact that there have been more imports made and too few exports of this country's goods. The article even mentions that the American banking system hid risks and fooled investors.

Overall the article attempts to explain the reasons behind our nation's current economic problems. It attempts to explain to the average American citizen what actions and which people are to blame for our current situation. The ending sentence pretty much says what's important..."We're still looking for the way out."