[lbo-talk] Goolsbee: the source of all tepidity and stupidity?

Charles Brown cdb1003 at prodigy.net
Thu Feb 5 17:55:51 PST 2009



> From: SA


>
> I suspect this is much more about politics than policy. If
> the White House had been able to dictate a stimulus bill at
> will, the bill probably wouldn't have been a bad one.
> The problem started when it came time to get it passed in
> Congress. Obama really, really wants Republicans to support
> his policies. He cares about that far more than he does
> about adopting policies that (he thinks) are actually good.
> And even if he were somehow to shake himself out of that
> delusion, how could he fight back?

^^^^^ CB: But Obama isn't the only one with (il)lusions. Even if John Maynard Keynes himself should come back from the long run and death, he couldn't write

a bill that would be all that "good". It's an illusion to think that capitalism can be reformed. There will always be recessions and depressions,and a secular trend of mass immiseration

with capitalism. There are no fresh theories beyond Marx or Luxemburg for that. Soocialism or barbarism !



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