Tuesday, January 17, 2017

Links for 01/17/17

Links for 01/17/17: From the file "Great minds think alike" and Sunday's WaPo Outlook section, Matt Stoller on Obama's economic policies and how they hurt  the Democratic Party. He delves into the ...

MGB:_Obama was an economic rookie in 2008 and surrounded himself with Clinton’s best economic minds: Volker, Summers and Sperling. There was no interest among these to bail out underwater mortgage borrowers (having either government or banks take the hit). Meanwhile, Rick Santineli was calling for Tea Party to protest any such forgiveness.  The Tea Party happened anyway, so Obama should have gone forward, although no one knows if Bernanke would have gone along.  He had a veto on the best solution, which was having the Fed buy this debt and reissue it at market.

Bishop Barron probably longs for the days when Church objections could have pulled Silence. Frankly, I have no taste for this movie (and such things are a matter of taste). If the Jesuits object, I might take notice, but not from this bishop.

Political culture explains the election, especially where it has to do with race.  If Corey Booker had been on the ticket those infrequent voters who only show up with Obama on the ticket would have made the difference in Ohio, Pennsylvania, Michigan and Wisconsin. The whites who flocked to Trump would not have picked Clinton. Sanders? Maybe, but probably not. This was a backlash election. The last hurrah for the old white people and those who follow their lead.


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