if BHO is still smoking that shows poor judgement!
Dec. 02 2008 12:16 PM
Score: 0/0
Pam, MD
from NY
Prominent people are role-models whether or not they want to be. Obama should make public his view that his cigarette-use is a stupidity and dedicate with great publicity programs to extinguish the weed.
Dec. 02 2008 12:09 PM
Score: 0/0
Gene
What a dingbat Kinsley is, repeating tobacco ads (See the exhibity at NYPL) about smoking relieving stress, when research has shown that smoking _increases_ stress, mental instability, etc. Let alone the long-term effects on vascular health, leading to Alzheimer's, dementia, etc.
There's a whole raft of streess-related, "nerves of steel" ads at the NYPL exhibit, "Not a Cough in a Carload."
I wonder about his comment that Bill Gates being the model - to me, it's rather anti-democratic. When Gates speaks the country jumps! When one person has the where with all to make the conversation instead of we the public, democracy gives way to capitalism.
Dec. 02 2008 11:40 AM
Score: 0/0
robert
from park slope
The problem with Fannie Mae and Freddie Mac is that they became publicly traded companies. Once a company becomes listed, it is involved in the never-ending requirement to exceed quarterly profit expectations. Add to that, the never-ending temptation by CEO's capable of meeting these expectations to demand higher and higher salaries. These two organizations should have remained in the public sector, funded solely through bonds.
Dec. 02 2008 11:37 AM
Score: 0/0
Peter Joseph
from New York City
Mr. Kinsley is speaking of Fannie May and Freddie Mac. What about Morgan Stanley, who started the securitized mortgages, Lehman, AIG, Bear Stearns and CitiCorp.? McCain focused on Freddie and Fannie. You shouldn't.
Dec. 02 2008 11:37 AM
Score: 0/0
Kevin Mac
from nyc
FNMA and Freddie were not flawed concepts, they were run irresponsibly. "Social obligations" took them down (along with greed). Prior to the days of creative financing and poor lending practices FNMA and Freddie Mac were responsible entities. What a government sponsored institution was doing buying lethal paper is beyond me.
Dec. 02 2008 11:36 AM
Score: 0/0
NWP
from Greenwich
Last week a guest expert on the economy said that the country needs everyone to go out and start spending again. When asked what HE was going to do said that he was going to save his money until sure that the plan was working.
This highlights the social aspect of getting things going. If we ALL started spending again things will start up again. The problem seems to be no one wants to be the FOOL that spends now when it will be better to save now.
Dec. 02 2008 10:26 AM
Score: 0/0
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Comments [8]
if BHO is still smoking that shows poor judgement!
Prominent people are role-models whether or not they want to be. Obama should make public his view that his cigarette-use is a stupidity and dedicate with great publicity programs to extinguish the weed.
What a dingbat Kinsley is, repeating tobacco ads (See the exhibity at NYPL) about smoking relieving stress, when research has shown that smoking _increases_ stress, mental instability, etc. Let alone the long-term effects on vascular health, leading to Alzheimer's, dementia, etc.
There's a whole raft of streess-related, "nerves of steel" ads at the NYPL exhibit, "Not a Cough in a Carload."
http://www.nypl.org/press/releases/?article_id=190
I wonder about his comment that Bill Gates being the model - to me, it's rather anti-democratic. When Gates speaks the country jumps! When one person has the where with all to make the conversation instead of we the public, democracy gives way to capitalism.
The problem with Fannie Mae and Freddie Mac is that they became publicly traded companies. Once a company becomes listed, it is involved in the never-ending requirement to exceed quarterly profit expectations. Add to that, the never-ending temptation by CEO's capable of meeting these expectations to demand higher and higher salaries. These two organizations should have remained in the public sector, funded solely through bonds.
Mr. Kinsley is speaking of Fannie May and Freddie Mac. What about Morgan Stanley, who started the securitized mortgages, Lehman, AIG, Bear Stearns and CitiCorp.? McCain focused on Freddie and Fannie. You shouldn't.
FNMA and Freddie were not flawed concepts, they were run irresponsibly. "Social obligations" took them down (along with greed). Prior to the days of creative financing and poor lending practices FNMA and Freddie Mac were responsible entities. What a government sponsored institution was doing buying lethal paper is beyond me.
Last week a guest expert on the economy said that the country needs everyone to go out and start spending again. When asked what HE was going to do said that he was going to save his money until sure that the plan was working.
This highlights the social aspect of getting things going. If we ALL started spending again things will start up again. The problem seems to be no one wants to be the FOOL that spends now when it will be better to save now.
Leave a Comment
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Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.