Posted by Sean Doyle, July 18, 2010
Renowned NYU Economist Nouriel "Captain Happy" Roubini has grown weary with President Obama's inability to talk to the nation as adults regarding the economy. Roubini went on Bloomberg Radio with Tom Keene and said, "We have to recognize that Americans are adults. Then we have to speak to them straightforward about the risks and challenges that we have, rather than kicking the can down the road." Roubini added that the President must maintain fiscal stimulus in the short term before ending it altogether. Obama then must follow that up with serious spending cuts and new taxes to tackle what is a monstrous $8 trillion dollars worth of new US marketable debt!
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