An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
From the perspective of winning the White House in 2016, it would be in Republican's best interest to crash the economy between now and then.
The recovery is fragile so that shouldn't be too hard. All they have to do is keep on steering the austerity course that that they have programmed the base and media for.
The difficulty they face is in expanding military spending, which they badly want to do. So the only recourse they have is to "pay for' this by cutting other spending at least as much if not more.
Obama seems geared up to expand operations against ISIS and is still anxious to conclude a Grand Bargain that "reforms" entitlements.
2 comments:
From the perspective of winning the White House in 2016, it would be in Republican's best interest to crash the economy between now and then.
On the other hand, Obama is already doing a good job of crashing the economy and the Saudi price war may be the last straw.
From the perspective of winning the White House in 2016, it would be in Republican's best interest to crash the economy between now and then.
The recovery is fragile so that shouldn't be too hard. All they have to do is keep on steering the austerity course that that they have programmed the base and media for.
The difficulty they face is in expanding military spending, which they badly want to do. So the only recourse they have is to "pay for' this by cutting other spending at least as much if not more.
Obama seems geared up to expand operations against ISIS and is still anxious to conclude a Grand Bargain that "reforms" entitlements.
So they may be able to pull it off.
Post a Comment