Thursday, January 12, 2017

Bill Mitchell — The Obama legacy

The ultimate Obama legacy is the Trump presidency. The embrace of the Clinton divine right to rule helped get Trump across the line but the damage was done earlier and Obama only consolidated the failure of Democratic party to offer an alternative to the rabid neo-liberalism of its opponents. The first problem is that the Democratic Party has long ceased being a voice for progressive policies. It masquerades as a progressive party. Obama adopted that masquerade and when one puts together a report card, he gets a failing grade on so many fronts, a few of which lie within my expertise, that I discuss below....
MMT report card.

Bill Mitchell – billy blog
The Obama legacyBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia


Noah Way said...

Obama's legacy is not confined to the domestic front. His foreign policy is the same persistent train wreck as the economy. This agenda reaches back to Truman and has been faithfully followed by every holder of that office (with one sad exception).

Trump has adopted the "Asia pivot" and is beginning to re-positioning himself on Russia and the CIA. He has apparently realized that he is a puppet and puppets are dispensable.

In President Obama’s last year in office, the United States dropped 26,171 bombs in seven countries. This estimate is undoubtedly low, considering reliable data is only available for airstrikes in Pakistan, Yemen, Somalia, and Libya, and a single “strike,” according to the Pentagon’s definition, can involve multiple bombs or munitions. In 2016, the United States dropped 3,027 more bombs—and in one more country, Libya—than in 2015.


Tom Hickey said...

Right. The president doesn't fully control economic policy but he does fully control foreign and military policy.

Paul Craig Roberts, Obama The War Criminal Butcherer of Women and Children