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View Diary: Pt. I: Stiglitz, "...we have postponed doing anything about the fundamental problems we confront." (74 comments)

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  •  Stieglitz, rightly, focuses on the policy aspects (14+ / 0-)

    of what's been done in response to the meltdown and the conditions that caused it, given that he's a policy, not politics expert. But ultimately, what has and hasn't happened has been influenced and constrained as much if not more by politics, not policy. And the question will forever haunt Obama's legacy as to whether, in the political and economic conditions and contraints of our times, he did the most that could reasonably have been done to fix what's broken and make things better. I believe that he did not, and never really tried. He was always more focused on not pissing off the banks and appearing to be post-partisan than on doing his freaking job, working for the interests of the country, not its elite and his allies and legacy.

    Of course, some will disagree.

    "Reagan's dead, and he was a lousy president" -- Keith Olbermann 4/22/09

    by kovie on Wed Sep 18, 2013 at 02:13:46 PM PDT

    •  I cover this w/ Bill Black and William Greider... (7+ / 0-)

      ...coming up in the other "Parts" of this post.

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Wed Sep 18, 2013 at 02:35:52 PM PDT

      [ Parent ]

    •  Think he bought the top-down Rube-Goldberg (6+ / 0-)
      Recommended by:
      bobswern, maryabein, corvo, zmom, greenearth, elwior

      thing. Make the banks whole and all good will flow down upon us all. He's been trying to shore up the status quo in a time that requires it be overturned, as the rot is too far gone.


      Actual Democrats: the surest, quickest, route to More Democrats. And actually addressing our various emergencies.

      by Jim P on Wed Sep 18, 2013 at 02:40:20 PM PDT

      [ Parent ]

      •  He can't possibly this stupid (8+ / 0-)

        Even for an obviously derivative schematic thinker such as him. Too many really smart economic experts were explaining in great detail and with much passion and visibility why this was absolutely the wrong thing to do. Only a moron would have valued the advice of Tim Geithner over theirs. And Obama's no moron. He did this because it was the politically safe and expedient thing for HIM to do for HIS and his allies' interests. He took care of himself and his tribe.

        "Reagan's dead, and he was a lousy president" -- Keith Olbermann 4/22/09

        by kovie on Wed Sep 18, 2013 at 03:02:10 PM PDT

        [ Parent ]

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