Barack Obama : The Black FDR?

[Cyclone Ranger]

On social issues, sure. But on economics and foreign policy, he's very Reaganesque. Even Paul Krugman, who's one of his biggest supporters, agrees

Since Obama does not support supply-side economics, he's not Reagan-esque. I respect Krugman's opinion, but I disagree with him on this.

[kellyb]

Since Obama does not support supply-side economics, he's not Reagan-esque. I respect Krugman's opinion, but I disagree with him on this.

Actually, the policies he quietly supports are trickle down supply sideism.

http://www.huffingtonpost.com/robert...b_1294224.html

http://www.sfgate.com/cgi-bin/articl...IN5T1JTLMN.DTL

But we're not hearing any such demand-side solutions from the White House.

To the contrary, Obama is putting forth Republican supply-side ideas - lowering the employer costs of hiring, cutting corporate taxes - that have nothing to do with the demand-side crisis. He may attract enough Republican votes to enact these, but what's the point if they're irrelevant to the real problem?

The president's putative embrace of the false notion that businesses need more financial incentives in order to hire also risks giving legitimacy to other Republican supply-side nostrums. House Republicans and GOP presidential aspirants are calling for lower taxes on corporations and on the rich.

He just doesn't support it in the language of the right, often claims to advocate the opposite, and progressives either aren't paying attention or are in denial or something.

[Cyclone Ranger]

I don't agree that keeping corporate tax rates low is supply-side economics a la Reagan. He's doing it in lieu of bring down the top income tax rate.

[kellyb]

I don't agree that keeping corporate tax rates low is supply-side economics a la Reagan. He's doing it in lieu of bring down the top income tax rate.

Lowering corporate tax rates to "stimulate economic growth" is pretty classic supply side theory. Obama hasn't shown signs of being a demand-side denialist, but I'm pretty sure all the major economists know that demand is a factor nowadays.

[Cyclone Ranger]

Lowering corporate tax rates to stimulate growth is a strategy not simply confined to supply siders. In fact, it was recommended by Keynes as well.

The supply side innovations were the Laffer Curve and income tax cuts for the top few percent.

[kellyb]

Lowering corporate tax rates to stimulate growth is a strategy not simply confined to supply siders. In fact, it was recommended by Keynes as well.

The supply side innovations were the Laffer Curve and income tax cuts for the top few percent.

I'm pretty sure Keynes wouldn't have recommended a supply side solution to a sustained recession that was 100% rooted in demand.

[Cyclone Ranger]

It's not uniquely a supply side solution. Keynes specifically stated that government must intervene by replacing lost demand through both direct spending and non-regressive tax cuts; ie, like cutting payroll taxes.

Cutting income taxes for the rich is the supply side solution....to basically everything.

[Truth Teller]

He's a left moderate.

Just like myself.

False.

Ok,Rick Santorum's people lied ,and Santorum did not correct the lie.

Another ringing "endorsement" for the GOP.

But ,if Romney did such a "great' job,why did he not run for re-election?

[Freedom&Liberty]

You listen to way too much Glenn Beck.


Try unbiased,independent research and thinkng for yourself instead of letting a fuckhead like Glenn Beck think for you.

I don't need Beck to know that Wilson, FDR, Johnson and Obama will be responsible for your worthless ass starving to death. I'm sure it's hard to see and hear with your head up your ass, but your bowel movements must be spectacular..

[Cd.]

On January 20th ,2009 ,a (liberal) friend of mine said "Barack Obama will be the Black FDR".

It looks like that indeed has come to be true.

Like FDR ,a less than competent Republican president left Obama with the worst economic mess we had seen since the Great Depression , and a fragile overseas situation (the Middle East) the world hadn't seen since Europe and Asia in WWII.

Even the modern-day isolationst movement is very much like the isolationist movement during WWII that said " Ignore Hitler and Hirohito and they won't bother us,the Jews and the Chineese brought it on themselfs".

Even isolationist Pat Buchanan has equated Syria with the Spanish Civil War.



And it looks like Obama will the first president since FDR to get re-elected despite these problems,or maybe because like in FDR's day,people haven't forgotten it was the GOP that had gotten us into these messes in the first place.

I do hope Obama is less naive than Roosevelt was. If you study Roosevelt, particularly his dealings with Stalin then you will know that he basically handed half of Europe to Stalin.

[hadit]

I do hope Obama is less naive than Roosevelt was. If you study Roosevelt, particularly his dealings with Stalin then you will know that he basically handed half of Europe to Stalin.

You do know we're talking about Obama here, don't you? Of course he's naive. He really thinks that if he talks about it, it's fixed.