The China Deal: If You Can't Sell It, Buy It

[Brad De Long]

>Which would have been good reason to think this way back in 1992.
>However, didn't Reich basically lose out to Rubin, over these issues?
>That's the way that I've heard it summed up. 
>
>
>Barry

More complicated. Rubin was for the striker replacement bill, for 
deficit reduction, against welfare reform, against the corporate 
welfare-bashing campaign, for the free-trade bills. Rubin and Reich 
agreed on four out of five. But Rubin and Reich together couldn't get 
welfare reform vetoed or the Arkansas' senators arms twisted to vote 
for striker replacement...

In my recollection, where Rubin beat Reich was on whether the 
administration's signature first-year effort was going to be deficit 
reduction or public investment (and I'm with Rubin on this one), and 
on whether the post-Gingrich victory administration was going to go 
on a "corporate welfare"-bashing campaign or not...

Brad DeLong