Showing posts with label Obama legacy. Show all posts
Showing posts with label Obama legacy. Show all posts

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

Friday, April 29, 2016

James Petras — President Obama: The Race for the Imperial Legacy


Harsh. Makes one cringe at the prospect of a Clinton presidency.

James Petras Website
President Obama: The Race for the Imperial Legacy
James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia

Monday, October 21, 2013

All the spin is wrong: The GOP shutdown was about more than tactics


The GOP's desperate to spin their shutdown in order to camouflage very real divisions. They do have one way out
Salon
All the spin is wrong: The GOP shutdown was about more than tactics

Brian Beutler

I would put it somewhat differently. The GOP's aim is to preserve Norquistism and get the Democrates to agree to cut Social Security. First, Norquistism is an iron clad rule since Poppy Bush broke his "Read my lips. No new taxes pledge." 

Secondly, the primary aim of the GOP is to end the welfare state created by New Deal, which means ultimately privatizing Social Security. They know that Social Security is very popular, especially with their older base. They cannot cut Social Security or Medicare alone, and they need Democratic leadership to do it.

Many Democrats realize that this is a trap and than if they agree to cut Social Security, especially if they propose the cuts as part of a Grand Bargain, then they will be beat over the head with it in coming elections.

The problem is that the Democratic Establishment is also aligned with the forces lobbying for entitlement cuts, that is, the wealthy donor who see the welfare state as increasing their taxes.

In addition, first Bill Clinton and now Barack Obama regards it as a matter of establishing presidential legacy as a Very Serious Person who dared to confront difficult political problems.

This may look like a Republican problem but it is a much more serious Democratic problem that could refashion the party in the future away from the Democratic Establishment. Which would be a good thing, but not at the expense of cutting Social Security and Medicare and "fixing the debt." 

The economic fallout would be horrendous if the government contribution is pared substantially. The GOP Establishment knows that and would try to increase military spending to offset the cuts in social programs, were this to happen.

Thursday, March 28, 2013

Gaius Publius — Barack Obama’s economic legacy: His four must-have items

I think the whole of Barack Obama’s two-term economic agenda is topped by these four items:
1. Health care “reform” — a privatized alternative to Medicare expansion
2. A “grand bargain” in which social insurance benefits are rolled back
3. Plentiful oil & gas and passage of the Keystone Sludgepipe (KXL pipeline)
4. Passage of the Trans-Pacific Partnership (TPP) trade agreement
America Blog
Barack Obama’s economic legacy: His four must-have items
Gaius Publius
(h/t Dan Lynch at FB)

All taylored to enrich the fat cats.