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The Economics of Barack O’Hoover

Obama’s Belief in the Market Economy By Paul Street Counterpunch, August 15, 2011 Pity the poor, powerless, increasingly unpopular president – a pitiful pawn of the plutocrats and the profits system he has done so much to serve and protect.? Nearly five years ago, in the misleadingly titled book that ... Read more

The history lesson Obama has ignored

Obama has made the same mistake as FDR, turning his back on Keynesian economics. And we’ll all pay dearly for it By David Woolner New Deal2.0, August 3, 2011 Wikipedia Former president Franklin Delano Roosevelt “The economic experiments of President Roosevelt may prove, I think, to be of ... Read more

Austan Goolsbee: It’s Now Up to the Private Sector

Economists View June 05, 2011 Scarecrow is unhappy. As you read this, remember that the administration has been seeing green shoots just around the corner for some time now, and using this to argue against taking action on the unemployment problem: Scarecrow’s Nightmare: Austan Goolsbee ... Read more