Skip to main content

View Diary: Obama on the Economy: 'We Didn't Know How Bad It Was' (300 comments)

Comment Preferences

  •  They are all free market (10+ / 0-)

    fundies and true believers in globalism that inevitable and too big to fail. The Hamilton Project speech he gave in 2006 is telling. This a Rubin's Chicago Boy think tank. Here's a link. Check out the participants it foreshadows the Third Way, another neoliberal think tank that is the reincarnation of the DLC on steroids.  Of course he know how bad it was but crisis capitalism is a money maker for these guys.

    It was/is The Shock Doctrine in action. The WH CoS was chairman of this think tank as well as the CEO of Chase. How could Obama not know when he was surrounded and work for the savy businessmen who caused it and made a killing off it. Not only did he know how bad it was he did not take the steps to reigh in his cronies.

    'We do not disparage wealth creation in America' Obama said in defense of the insurance CEO's during the health care debacle. I guess even if you destroy the economy and create wealth your doing god's work. He said in this 2006 speech that 'there would be blood' so at least he knew that people globally would resist this unfettered unregulated vicious brand of capitalism. He should at least tell us he feels our pain. Instead were moving ahead with this failed nasty vision of a 21 century new world order.


    •  This is the same logic (0+ / 0-)

      that also connects Obama to Bill Ayres.  If the question is that a big stimulus (more than 3% of gdp or thereabouts) needed to be bigger (setting aside issures of congress), the market fundamentslism train has sailed, and that has nothing to do with globalism.  If Obama was trying some shock doctrine notion, either he's doing it wrong or the shock doctrine is really just a collection of family resemblances than an actual doctrine.

      I dont think, though, that Obama was tring to relitigate the size of the stimulus, but rather is saying that based on the underlying assumptions most people agreed woth, internal multipliers and stuff, u employment would have fallen under 9% sooner.  Even the critics didnt really say the internal numbers were off but that if the internal figures are right, there should have been a bigger one.  Didnt realize congress was such a rubber stamp, but there you are.  The thing is, the obstacles did come from the dlc/blue dogs, excluding Obama.  

      "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

      by Loge on Wed Dec 14, 2011 at 09:25:00 PM PST

      [ Parent ]

    •  Shaharazade expand this and turn it into a blog. (2+ / 0-)
      Recommended by:
      Robobagpiper, shaharazade

      Thanks for the information.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site