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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (106524)	1/15/2010 12:41:46 PM
From: mishedlo	4 Recommendations Read Replies (2) \| Respond to of 116555

Bernanke Makes Like a Squid, Sprays Clouds of Ink Hoping to Confuse globaleconomicanalysis.blogspot.com Mish

To: Skeeter Bug who wrote (106524)	1/15/2010 4:39:56 PM
From: NOW	1 Recommendation Respond to of 116555

Krauthammer, you're a nut! I'll give him this much: his philosophy is certainly tenacious in the face of countervailing facts. I don't like Obama either, but accusing him of reactionary socialism or whatever is like accusing Sarah Palin of talking over the heads of Americans, which is to say that it properly identifies struggling popularity but totally misdiagnoses the source of the struggle. If Barry'd brought the boys back home, raised the top marginal rate by fifty percent, trust-busted the investment banks, and instituted cradle-to-grave free health care for all, he'd be the most popular man in American history. He'd also be a lot poorer. Obama's general popularity, it seems to me, has more or less reverted to the mean of a modern presidency. A year in, that seems reasonable. He's not trying to be popular anyway. He tryin ta get paid, yo. The great persistence of the commentariat--from the lowly Kossers to the lowlier Krauthammers and back again--in conflating supporters with backers is the problem. Obama's policies have been designed to please the people who pay the bills. That is why his health policy, far from European socialism, preserves the insurance industry; it's why his bank tax is a pill not for the banks, but for the public, in other words, easily swallowed. whoisioz.blogspot.com