> On Jun 22, 2026, at 06:42, Michael Meeropol via groups.io > <[email protected]> wrote: > > I have been interested in the way Obama's failed policies (in fact the > persistent failure of the Dems --- even the liberals who should know better > --- to counter neo-liberalism going back to Clinton's administrations began > the process of shedding working class support for the Dems) ultimately gave > us Trump after the failures of his alleged recovery policies ----
That's timely today given Kevin Warsh's appointment to Fed Chair by Trump last week. I recall watching the process that you describe in real time. I remember how Warsh and other Republicans willingly traded more misery for the US people for a chance to beat Obama in 2012, which they of course did not do. The Fed did cut rates multiple times, but I recall it was over the objections of Warsh and a few other governors. I recall the Warsh was harping for increasing rates during that time. Now he is all in for reducing rates under the conditions of inflation. Table 1 is central to the paper, and I have been studying that. I wondered the different causes of recession. Table 1 treats the causes as uniform, doesn't it? The argument that the slow recovery greased the skid for the Trump victory in 2016. I often argue that Obama, himself, aided Trump by doing nothing as 10 million families were evicted from their homes during his two administrations (https://www.stlouisfed.org/on-the-economy/2016/december/end-sight-us-foreclosure-crisis). thanks, Mark -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#42184): https://groups.io/g/marxmail/message/42184 Mute This Topic: https://groups.io/mt/119906876/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
