Right Thinking From The Left Coast
The price of anything is the amount of life you exchange for it - Henry David Thoreau


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Obamanomics 101

Why the economic crisis would help Obama:

Our economics troubles do provide all the excuse in the world to justify any and all spending increases by calling them stimulus. The fallout from the credit catastrophe is really a blessing for a future Obama administration since it helps it avoid making any hard choices.  Of course, it also kind of chucks away the party’s hard earned reputation a deficit fighters (though much of that was from slashing defense spending—as Obama may also do). So long, Clintonomics!

Well, it’s an open question on how Clinton would have handled something like today’s meltdown. There’s no question that the Democrats are chomping at the bit to cut loose if Obama wins. But there’s also no question that he will have had plenty of inspiration from his Republican predecessors. The truth is, Clintonomics died long before Obama came along.

Posted by West Virginia Rebel on 10/30/08 at 03:10 PM in Politics • Permalink

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