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.
"he did not understand it well enough"Trained in Law not Systems....
More probably the people that presented the option to him were against it politically or ideologically and made it seem foolish, which is easy to do based on appearances rather than substance.The is the problem the president faces in every area, even when he is an expert in the area, since he is depending on what he is told regarding data.This issue is as old as the palace and court. It was the court that controlled the monarch in this way and there were competing factions in the court.Many historical novels have been base on this ubiquitous phenomenon, Dumas' The Three Musketeers, for instance.
Obama came to his position with the blessing of the plutocracy--he was never going to act against their interests.
Post a Comment