My surprise about his policy stance was not that he did not call for radical 
change, 
but a more populist persona would have won him points. Instead, he appeared 
weak and 
vague.

On Sat, Sep 27, 2008 at 06:58:31AM -0700, John Gulick wrote:
>  
> Well...
>  
> I'm surprised that you're surprised. Surely Obama has signposted his 
> relatively
> awful stances well in advance.
>  
> In fact, I was mildly pleased with his claim that the bailout is a neccesary 
> evil
> that must be larded with conditions. Despite being a principled red-green, 
> that's
> more or less my position too. Hey, no less a stalwart than Doug Henwood is on
> the same page. Face it, the primary political thrust against the bailout is 
> spearheaded
> by the Congressional class of '94 and their ilk... although I do worry that a 
> bailout
> stacked high with social democratic regulatory stipulations will still lead 
> to a rout
> of the dollar and the evisceration of my puny savings. (I tried to start an 
> offshore
> euro-denominated account about six months ago but was foiled by temporary
> unemployment and lack of a demonstrable income stream.)
>  


-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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