General Discussion
In reply to the discussion: Krugman: 'Mr. Obama is looking like a very consequential president indeed' [View all]Armstead
(47,803 posts)DU wasn't around in the 90's, but I can imagine the same kinds of back and forth then.
"Whoah. The president supports deregulating the financial industry, and allowing banks to do new things and go onto new services they've been prevented from doing. That could be a disaster. It could lead to the formation of monopolistic massive banks and allow all kinds of mischief."
"Oh stop whining. President Clinton is just modernizing the system. These are just tweaks that will allow Goldman and the otehr big banking houses to better serve consumers. You're just spreading doom and gloom."
"But he also has been pushing for free trade agreements like NAFTA and MFN with China. That's not going to be good for domestic jobs, and it will grease the wheels for companies to abandon the US in manufacturing. That can't be good."
"Oh quit whining. Bob Rubin assures us that this is just a way to make America more competitive. We have the best workforce in the world and this will open up foreign markets to US made reports. China will be a great market, and they can't possibly take away our jobs because we are the most productive nation on earth."