On Jan 6, 2009, at 12:14 PM, Louis Proyect wrote:

But isn't that exactly the role of the Democratic Party? The Republicans keep pushing from the right and the Democrats keep making compromises, making the center shift several degrees to the right each time.

Objective circumstances would suggest that that process has reached its limits. When you have Goldman Sachs sounding like John Maynard Keynes, things have changed.

I do think that Obama has strong beliefs, however. They are reflected in the editorial pages of the NY Times.

But don't those overlap substantially with Krugman, who's disappointed?

Doug
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