"President Obama rightly stressed the need to restore our strength and prosperity at home: to create jobs, to rebuild infrastructure, to meet the challenges of energy and climate. In this he called us all to a “common purpose.” Will this vast task now get underway? Will a program follow? Will it dispel the deficit-and-debt doomsayers who degrade today’s economic debates?"Sadly, I doubt it. How can he do that and try to get more funds for his reelection from Wall Street (read more here)? Hope springs eternal.
Friday, June 24, 2011
Nation building
Jamie Galbraith compares Obama speech to JFK's American University speech (here). And then picks up Obama's preoccupation with Nation building at home and asks:
Subscribe to:
Post Comments (Atom)
-
"Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will... -
There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s... -
Javier Milei will be Argentina’s next president. Milei is an extreme right-wing populist, with authoritarian, some may say Fascistic, tenden...
It's highly improbable. The White House is already carefully shifting the economic narrative from fiscal expansion to deficit reduction as an economic-growth strategy. I now see why Bernstein and Goolsbee jumped the ship.
ReplyDeleteJared at least was an important inside force for reasonable policies. Goolsbee is a incognita.
ReplyDelete