[lbo-talk] Weiner unhid!

c b cb31450 at gmail.com
Wed Jun 15 09:33:23 PDT 2011


CB: The "It's the economy" proposition implies that the American voters hold the President responsible for pretty much the "whole" economy, not just the economic conditions of a lot of people.

[WS:] There is something in between the above and no control whatsoever, no?

The captains of industry can pull the string the way they do only because the US government let's them. But it can curb that string pulling, if to so chooses.

Wojtek

^^^^ CB; Yes, there is something between the above and no control whatsoever. That inbetween is what I am proposing. Yet, that inbetween is not kind of half way between the above and nothing. It is much closer to no control at all than to total control. This is especially true when we speak of the President and not Congress. Without Congress, the President's influence is something closer to spitting in the wind.

And yes, the US government control is like pushing on a string, or by its forbearance and omission, as much as by its affirmative acts. The government's role is to "let them alone" - laissez faire, the classical liberal slogan.

Or it's by give the capitalists money, as to the military-industrial-complex or in the Wallstreet bailout or tax breaks for GE. The affirmative acts of the President and Congress, Governors and Mayors are mainly government welfare to the private sector , private sector "Keynesianism".



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