Open Left

i don't care what he believes

what he does makes no sense in connection to what he says his intersts are and what his positiion as president of the u.s. would dictate.  Keynes was a market guy.  Paul Krugman is a market guy.  I don't like their policies in this context because they're ways of restoring American imperialism/dominance and I think replacing one orthodoxy wtih another is stupid, but if that's what you want to do, then that's the way to go.  

You can't have consumer capitalism without consumers!  It's such an obvious point!  so go find them somewhere, Obama.  I think they've reached the limit of how much debt American consumers can take on, they won't raise their wages and haven't for decades, and I don't think consumers in other parts of the world can take up the slack yet.

in the meantime, we have to put up with shit centre-right governments all over the world because the American elite can't get its act together and understand that public investment is SOMETIMES USEFUL.

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by: dr anonymous @ Tue Jan 26, 2010 at 21:29:30 PM CST