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.
Pages
▼
Pages
▼
Saturday, May 18, 2013
priceman — To Those Celebrating Their Proud Ignorance of the President's Austerity
MMT proponent priceman calls out ignorance and anti-intellectualism on the left.
It's a tough nut to crack. Over the past few months I have several times had to confront Democrats who are convinced that Obama tried to pass a second stimulus package, but that it was blocked by the Republicans.
Obviously the Republicans have sought to block every halfway decent thing Obama has attempted. But he hasn't attempted much, and there was certainly no second stimulus package. Since February of 2009, Obama has been on a deficit-cutting crusade.
It's a tough nut to crack. Over the past few months I have several times had to confront Democrats who are convinced that Obama tried to pass a second stimulus package, but that it was blocked by the Republicans.
ReplyDeleteObviously the Republicans have sought to block every halfway decent thing Obama has attempted. But he hasn't attempted much, and there was certainly no second stimulus package. Since February of 2009, Obama has been on a deficit-cutting crusade.