Blaming Obama

by Justin Raimondo


As long as Obama’s been in office, Obama’s progressive supporters ‘and even some sensible conservatives’ have been ’surprised and dismayed’ that his military and diplomatic posture seems nearly identical to that of his predecessor in the White House. Was he merely a good actor, or are there hidden factors chaining him to the ‘missteps’ of the Bush White House? Has he cracked, or is he ‘trapped?’ Walt believes the latter: ‘I don’t really blame Obama,’ he writes. The President ‘can’t simply wage a magic wand,’ after all, reverse course and ‘get the rest of the government to fall into line.’ Let’s stop right there and ask: why, exactly, not?

On more stimulus spending

Campaign For Liberty
by US Rep. Ron Paul (R-TX)


Faced with continuing economic decline and an impending election, the administration, predictably, is entertaining the idea of another stimulus package. To explain why the last one didn’t work, adherents to the Keynesian economic philosophy are claiming that they actually did work — it just looks like they didn’t because we don’t realize how much worse off we would be right now without trillions of dollars of public spending...

What Obama’s presidency needs: A big reset

The Nation
by William Greider


The Obama White House is dabbling in small ideas when what the country needs is a big reset of this presidency. My suggestion: dump the measured moderation. It’s not working as economic strategy or as politics. Take a deep breath and admit the Democratic Party failed to grasp the enormity of the economic upheaval facing the country — people will be grateful for some honest talk. Start over with a more aggressive and realistic economic agenda that measures success in the tangible results people can see, not rosy forecasts of macroeconomic models. Instead of holding back, start using the government’s vast, untapped powers in more ambitious ways that directly generate real changes in the economy, starting with jobs, jobs, jobs...

The curse of fiat money

Ludwig von Mises Institute
by Thorsten Polleit


It may come as a surprise to many, but the relative size of the US commercial-banking industry has not declined following the so-called credit-market crisis, which developed in the second half of 2007. On the contrary, it has increased since then. While nominal GDP rose 4.2% from the second quarter of 2007 to the second quarter of 2010, banks’ total assets rose 18.4%...

Informant: Thomas L. Knapp


"President Obama is Involved in War Crimes Right Now"

The New Statesman Interviews: Noam Chomsky

It's imperial doctrine. Stability is when the UK and US invade a country and impose the regime of their choice. But if Iran tries to interfere, that's destabilising.

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