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Was Austin Goolsbee officially (none / 0) (#89)
by Molly Bloom on Fri Feb 29, 2008 at 11:59:44 AM EST
speaking on behalf of the campaign or was he off on his own saying what he hopes to be true? That is not clear from anything I have read. Goolsbee  is a Chicago School economist and clearly favors NAFTA.  

One of my complaints about Obama is he seems to have a lot of Chicago school of  economics advisors. As I understand it, they are hard core Freidmonists and Milton was a laissez a fair fundamentalist. Meaning they adamantly oppose regulation of any sort as an interference with the "magic of the marketplace".

Does anyone know if Obama has any Keynesian advisors?

"Once in a while you get shown the light In the strangest of places if you look at it right"
[ Parent ]

NAFTA... (none / 0) (#172)
by Rainsong on Fri Feb 29, 2008 at 05:44:18 PM EST
[blockquote]...a lot of Chicago school of  economics advisors. As I understand it, they are hard core Freidmonists and Milton was a laissez a fair fundamentalist. Meaning they adamantly oppose regulation of any sort as an interference with the "magic of the marketplace".[/blockquote]

That would explain the lack of industry regulation in Obama's health care plan.

Clinton (& Edwards etc) the mandate works on both consumers AND industry (and other stakeholders).
It includes industry mandates to stop customer discrimination, forcing compliance with standards etc.

Obama's plan uses words like "encourage" industry to play nice, use "voluntary" mechanisms etc. All optional.  His subsidies are just corporate welfare, more people get covered sure, but they get the same crap coverage everybody else is already pissed about, and the govt subisidies, in effect, flow through to the HMO.

HMOs have maxed out the market in the USA, a 'saturated market', they are keen to expand to overseas markets. Canada might look good I guess for a new hunting ground?

As for NAFTA, Canada used ot be politically split on it, their current govt is conservative isn't it?

[ Parent ]

No Keynesians (none / 0) (#176)
by cal1942 on Fri Feb 29, 2008 at 06:30:12 PM EST
"Does anyone know if Obama has any Keynesian advisors?

No. None Nada.

The principals are David Cutler, Austen Goolsbee and Jeffrey Liebmnan.

Free market, free traders one and all.

And that's been the biggest clue to Obama's perfidious campaign from the start.

This is what's behind his remarks about Social Security (Jeffrey Liebman, SS privatization supporter), his tepid response ($500 tax credit) to the mortgage crisis, his lame (tax cuts) initial response to recession countermeasures and his failure to provide a government run health insurance option (David Cutler, wants health care industry profits as high as possible) unlike Edwards and Clinton.

If he is nominated and elected it will be up to the Democratic leadership in Congress to propose real progressive legislation.  It won't come from Obama.

[ Parent ]

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