The Liberal Ostrich

Obama, writes Dionne, “is the candidate defending the modestly redistributive and regulatory government the country has relied on since the New Deal, and that neither Ronald Reagan nor George W. Bush dismantled.”  But Obamanomics is not merely “modestly redistributive,” it is massively so, and in the opposite direction intended by Dionne. We’ve experienced the greatest transfer of income to the very rich from the rest in human history. Is Dionne unaware that Obama, in The Audacity of Hope and in multiple interviews, has described the liberalism of FDR and LBJ as “the old-time religion”? He’s averred that of all postwar presidents, his greatest admiration goes to Ronald Reagan, who understood that in a commercially globalized world economic policy must follow “a fundamentally different path.” He’s repeated the mantra that government may respond to severe unemployment only by offering bribes to companies (tax breaks) and banks (injections of liquidity) to hire and lend. Hiring and production are the business only of the private sector.

http://www.counterpunch.org/2012/03/22/the-strange-case-of-the-liberal-ostrich/

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