The White House, threatened by the high unemployment rate, proposes free-trade agreements and more spending on high-speed rail in the absence of more ambitious tools, such as stimulus spending.
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An article looking at Obama’s reelection chances in light of the just released dismal employment report (which doubtlessly promises to get much worse in coming months–at least that’s the right wing plan.) Lots of quotes from WH officials, all pessimistic, all very frustrating. Implicit throughout the article is the idea that lurking in the background is the menace of a right wing 2012 victory. If that happens, God help us, every one.
The first Great Depression (we’re in the second) provides ample examples of how to get out of the mess right-wingers got us into. And since Too-Big-To-Sue Business is reaping obscene profits, whilst refusing to raise a finger to help, the only entity big enough to stimulate the economy is government. But thanks to that right wing scare-mongering smoke screen, deficits, that ain’t gonna happen either. As for Obama’s lack of courage, has it occurred to anyone Too-Big-To-Sue ... More »