There Is No Economic Policy. That's Really

It Has Been Obvious All Along, To Anyone Paying Attention, That The Politicians Shouting Loudest About Deficits Are Actually Using Deficit Hysteria As A Cover Story For Their Real Agenda, Which Is Top-down Class Warfare. To Put It In Romneyesque Terms, It's All About Finding An Excuse To Slash Programs That Help People Who Like To Watch Nascar Events, Even While Lavishing Tax Cuts On People Who Like To Own Nascar Teams.

What The Depression Teaches Us Is That When The Economy Is So Depressed That Even A Zero Interest Rate Isn't Low Enough, You Have To Put Conventional Notions Of Prudence And Sound Policy Aside.

By Rescuing The Financial System Without Reforming It, Washington Has Done Nothing To Protect Us From A New Crisis, And, In Fact, Has Made Another Crisis More Likely.

Obama Is Very Much An Establishment Sort Of Guy. The Whole Image Of Him As A Transcendent Figure Was Based On Style Rather Than Substance. If You Actually Looked At What He Said, Not How He Said It, He Said Very Establishment Things. He's A Moderate, Cautious, Ameliorative Guy. He Tends To Gravitate Toward Beltway Conventional Wisdom.

[the Us] Budget Is Dominated By The Retirement Programs, Social Security And Medicare - Loosely Speaking, The Post-cold-war Federal Government Is A Big Pension Fund That Also Happens To Have An Army.