As political elites rush in with tax dollars to bailout financial firms, cities
and states across the nation are cutting social spending due partly to falling
revenues from the collapsing housing bubble. My point? The shibboleth that
social spending harms the economy is alive. Maybe not living well but still
around, politically. The California GOPsters at the state Capitol know that.
While the legislative minority, they maintained some 80 days past a budget
deadline that the California deficit was partly the result of too much social
spending.
It is worth noting that earlier state budget proposals from the Democrats and
Gov. Schwarzenegger all had spending cuts in health care for the most fragile
members of the populace. Real California heroes, this crew.
Seth Sandronsky
From: Doyle Saylor <[EMAIL PROTECTED]>
Subject: Re: [Pen-l] Chavez on TV: "Comrade McCain"
To: Progressive Economics <[email protected]>
Message-ID: <[EMAIL PROTECTED]>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed; delsp=yes
Greetings Economists,
On Sep 20, 2008, at 7:15 AM, Julio Huato wrote:
> IMO, we cannot demand that Chávez (or any other popular leader in the South)
> adjust their rhetoric for our tactical gain here.
Doyle;
Well said. I was thinking of saying something last night. I just think the
days of us worrying about how the world impacts us is at an end. The Reagan
era is ended, and we have the opportunity to aim at the declining Neo-Liberal
era to establish a left element in the national consensus.
thanks,
Doyle Saylor
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