Yep, it's them again — or still. The demand for "austerity" goes back to 1989 with the "Washington Consensus."
New Economic Perspectives
Blocking a bad idea that enriches the rich: Peterson, Austerity, and the Washington Consensus
William K. Black | Professor of Economics and Law, UMKC
1 comment:
"Pete Peterson is the Republican billionaire from Wall Street who has dedicated his life to proselytizing for..."
I dont know if this is accurate at this point....
Peterson Jr is a Democrat see here:
"Michael Peterson is President and Chief Operating Officer of the Peter G. Peterson Foundation. In addition, Michael is currently President and Co-Founder of GPX Enterprises, LP, a private investment firm focused on the sponsorship, development, and management of selected private equity investments. He worked on the Clinton and Dukakis presidential campaigns, served as a Congressional Aide to Majority Leader Richard Gephardt, "
http://www.fixthedebt.org/who-we-are
And from Peterson's wiki from 2004 (quite a long time ago):
"Following record deficits under President George W. Bush, Peterson commented in 2004: "I remain a Republican, but the Republicans have become a far more theological, faith-directed party, not troubling with evidence."
Sounds like he is perhaps an atheist and felt alienated at the GOP and has probably left the GOP by now...
And the true "evidence" leads to the conclusion he is a moron...
rsp,
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