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The economic quicksand that sinks us

quicksandFunny how it is that when both the Republican Party and the Democratic Party both have the same economic program, that so many of the same actors are pointing fingers at each other? But then again what could we really expect from these two partisan camps run by the same economic interests?

What we have now is a situation where More of the Same means CHANGE, and those that push CHANGE actually push More of the Same! Most of us just kind of watch from our points stuck in the economic quicksand and hope that somehow, somebody manages to throw us all a rope to help pull us out with. Good luck…

Salon has an article where it mentions some of the critics of the Obama Presidency’s economic policies. None of the summaries mentions anything about the War Budget’s effects on the greater economic quicksand we currently reside in! That’s kind of amazing, really it is. Still, check Salon out and see who are the people the article highlights… The Prophets of Doom– Meet the Cassandras, 14 economists, bloggers, politicians and businesspeople of all political stripes who have become the most strident critics of President Obama’s stewardship of the economy.

Amazingly, the author at Salon who selected these 14 people missed including Joseph Stiglitz! Well here he is then with his latest commentary, Obama’s Ersatz Capitalism

And what about James Galbraith? Here below is what he says on Democracy Now back in February.

Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent

With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent.’

There are so many notable people who don’t like Obama’s economic policy that trying to include only 14 people in the list by Salon was a little bit unwise on their part. It is simple reality that Obama and his recycled Clintonistas are in quick danger of becoming sunk in this economic quicksand, too, since they seem to only know how to pour gasoline on the fire…. uh… I meant pour water into the quicksand…. or is it to throw tax monies into the economic quicksand?

Oh well, the idea is the same. Obama only knows how to sink us all yet further into the economic quicksand not get us out of it like some sort of fantasy Super Hero Economist could. HOPE for CHANGE is now underneath the muck.

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