John chimes in with Matt and Joe, or should I say piles on. Dems, are you listening? No? I didn't thinks so.
John offers some consolation though.
Want some cheerful news? Political platforms aren’t good forecasts of policy. George Bush ran on a “more humble foreign policy” and gave us Iraq and Afghanistan. Obama ran against the Bush deficits then exploded the deficit even higher. So perhaps we can hope that if the Democrats win, they’ll govern very differently than they campaigned.CNBC NetNet
Are Democrats the Party of Austerity?
John Carney | Senior Editor
6 comments:
It's the Peterson influence with the Dems....
Pete Peterson: Romney Turned Down Invite to Fiscal Summit: "But Mr. Peterson lamented in an interview Monday that Republican presidential candidate Mitt Romney turned down an invitation to speak."
http://blogs.wsj.com/washwire/2012/05/14/pete-peterson-romney-turned-down-invite-to-fiscal-summit/
How does Peterson escape the attention of these journalists in all of this? He is a major contributor to the continued dispensing of these falsehoods...
rsp
Matt, Romney would have to take a position that would reveal his hand, which he has said he won't do before the election. He is the mystery candidate.
Seems like he will do whatever the focus group data indicates he should do to get elected Tom....
ie if the focus group data indicates he should go around saying "we're borrowing form the Chinese!" then guess what, that is what he will say...
not directly interested in truth per se... at least during the election.
If he wins, then he will probably do whatever the data indicates he should do to get re-elected...
Pure politics, truth be damned.
Peterson however is a true moron as he isnt even running for office yet he is going around saying these things... I'd like to see these journalists go after him on this as he stirs these falsehoods up on both sides...
rsp,
The D's and the prog. media have this mythology built up around Clinton's surpluses being associated with "prosperity" and Bush's coming in and "blowing a hole in the deficit" being assocociated with recession and war and little job growth.
I think they really believe that they just need to return to that "Clinton magic" and prosperity will be forthcoming. Somehow, fiscal surplus or at least "fiscal health" is supposed to be the key. It's cargo cult thinking, of course. The O. team has shown no understanding that the very different economic landscape (post crash) plus evidence of massive and continuous fraud might require a completely different approach, rather than just a few tweaks here and there.
David,
Mike has coined that "Rubinomics" and its been a disaster for the US and the Democrat party... rsp,
The good news is that all USD Treasury holders like OPEC, UK, Japan, China, etc are all currency borrowers of the USD. They only traded garbage to us and we allowed them access to our goods markets via a USD treasury account.
They are forever ( at least in terms of trillions ) tied to the dollar, tied into our economy, and can never get out of USD unless they create a mountain somewhere else equivalently greater than the trillions they have in USD.
Oil will also never be in Euros or Yuan since in the past 10 years we have another trillion dollar USD user / member to join - China.
To get back to that 1998 "magic" requires some serious "GRIDLOCK" - but the Republicans control more than 50% of House and Senate and probably more than 50% of Obama's though processes due to his beliefs against spending.
Does anyone remember "RUKEYSER REPORT" 1999 ? Gridlock is where it is.
Post a Comment