The National Socialism of Obamanomics
Instead of actually trying to take over the formal management of the private sector, the Obama plan is to use the printing presses of the Federal Reserve as a powerful lever to force private enterprise to serve the administration’s social agenda. Congress, pacified with pork injections, will have no policy role.
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It is commonplace today to believe we should refer to the benign innovations of John Maynard Keynes during the Great Depression in order to understand what is driving President Obama’s team of economic strategists...
posted by jillosophy at 5/04/2009 04:34:00 PM
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