>> In the Shadow of Hoover >> >> Capitolism >> >> By William Greider >> >> November 23, 2009 >> >> While he was in China, Barack Obama made a bizarre declaration that >> the US government must reduce its budget deficits in order to avoid "a >> double-dip recession." The remark was alarming because it suggests the >> president may not fully understand the country's economic predicament. >> Deficit spending is a cure for our troubles, not the cause. If Obama >> follows through and actually reduces the red ink, the Great Recession >> could be born again with new fury.
Louis: > Yeah, some people keep hoping that Obama might become the avatar of FDR when > it should be obvious at this point that his inspiration is Herbert Hoover. If I can read his mind, Greider thinks that it sure looks that way and hopes that enough political pressure will push Obama more toward being an FDR. That hope sure seems baseless at this point. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
