Ecomomist article on Obamas economics:

[Obfuscate]

FOR a man who has placed “hope” at the centre of his campaign, Barack Obama can sound pretty darned depressing. As the battle for the Democratic nomination reaches a climax in Texas and Ohio, the front-runner's speeches have begun to paint a world in which laid-off parents compete with their children for minimum-wage jobs while corporate fat-cats mis-sell dodgy mortgages and ship jobs off to Mexico. The man who claims to be a “post-partisan” centrist seems to be channelling the spirit of William Jennings Bryan, the original American populist, who thunderously demanded to know “Upon which side shall the Democratic Party fight—upon the side of ‘the idle holders of idle capital’ or upon the side of ‘the struggling masses’?”

There is no denying that for some middle-class Americans, the past few years have indeed been a struggle. What is missing from Mr Obama's speeches is any hint that this is not the whole story: that globalisation brings down prices and increases consumer choice; that unemployment is low by historical standards; that American companies are still the world's most dynamic and creative; and that Americans still, on the whole, live lives of astonishing affluence.

Rest is Here:

http://www.economist.com/opinion/displaystory.cfm?story_id=10766009

 

[Socrtease]

Interesting article, they remain hopeful that Obama is only using primary rhetoric yet at the same time they are right, if he wants to be a new and different Dem he needs to come up with some new solutions rather than tax the rich and give to the poor

 

[Epicurus]

I'm hoping he's just trying to appeal to the economics of the Democratic primary voters, which could be kindly termed retarded.