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View Diary: Wall Street Journal - "Obama spending binge never happened" (118 comments)

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  •  I couldn't agree more but its Congress (10+ / 0-)

    that has to do that, the President cannot do that on his (or her) own.

    •  Yep. But... (3+ / 0-)

      They should've seen this coming when they had 60 votes in the Senate. They should've had a train of legislation loaded up and ready to go. They didn't.

      Anybody paying attention should've seen that 2009-10 could turn into 1993-94 deja vu. We were warned.

      "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

      by HeyMikey on Wed May 23, 2012 at 07:43:16 AM PDT

      [ Parent ]

    •  He has to want to do it. (0+ / 0-)

      You say that as if you know in your heart that Obama wants to.  However, look at the people that he chose for his economic team.  Listen to what they say.  They have said from the beginning that reducing the deficit would create "confidence in the market" that would fix the economy.  These are the same words, by the way, that the EU austerity economists have used for their disastrous choices -- that the "confidence fairy," as Atrios terms it, is going to fix things even when there's not enough demand.  This kind of flawed thinking comes from a core values belief in the investor class, the kind of belief that's easily reinforced by activities like political fundraisers and mooch-a-thons.

      That's how the EU got to this point.  That's why Obama didn't do what he should have.  The Republican Congress wasn't the problem.

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