[lbo-talk] Why Obama doesn't suck

[Alan Rudy]

That's a good point.  At the same time, I remember seeing this as a
political document to legitimate a program seen as all that could
realistically be achieved given Republican resistance (assuming they were
unwilling to push for something that'd do more before the fight started,
'cuz they assumed they'd lose).  Wojtek's right, Marv and I can't prove
historical counterfactuals, though.  What made me see the document as more
legitimation than analysis were the strong critiques of it by academic
economists who thought the assumptions behind the math more than a little
rosey.  Nevertheless, if we're to take them at their word rather than read
more in, you're quite correct.

On Thu, Nov 11, 2010 at 10:05 AM, SA <s11131978 at gmail.com> wrote:


>  On 11/11/2010 9:32 AM, Alan Rudy wrote:
>
>  Your argument is that - all the staggering amounts of evidence to the
>> contrary notwithstanding - he had no idea how serious things were.  I
>> don't
>> buy it, mostly because its inconceivable to me that the mounting, serially
>> mutually reinforcing, and international implosions of Sept, Oct, Nov, Dec
>> of
>> 2008 and January, 2009 could be seen as a blip, a glitch, a needed
>> correction.  But maybe I give him more credit than he deserves...
>>
>
> For what it's worth, his administration projected that unemployment would
> max out at 8%, with stimulus. Without stimulus, they projected a maximum of
> 9%, falling to 6% by the end of 2012.
>
> http://otrans.3cdn.net/ee40602f9a7d8172b8_ozm6bt5oi.pdf
>
>
> SA
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

-- 
*********************************************************
Alan P. Rudy
Dept. Sociology, Anthropology and Social Work
Central Michigan University
124 Anspach Hall
Mt Pleasant, MI 48858
517-881-6319