June 18, 2008


Beware the Chicago boys: Obama's vow of love for free markets gives reason to fear a replay of Bill Clinton's 1993 U-turn (Naomi Klein, 6/13/08, The Guardian)

Barack Obama waited just three days after Hillary Clinton pulled out of the race to declare, on CNBC: "Look. I am a pro-growth, free-market guy. I love the market." Demonstrating that this is no mere spring fling, he has appointed the 37-year-old Jason Furman, one of Wal-Mart's most prominent defenders, to head his economic team....

Delightful, to think of all the leftizoids who will be sucking on this little lemon!

And they tend to love Obama because they think he's magical. If Obama is elected, then things will just happen. There won't be any hard work and discipline needed, the world will just change. (It's like, who could oppose him? That would be racist!) But reality lurks, ready to pounce on even those who eat in the trendiest restaurants.

There are lot of people whose whole economic philosophy is: "Big corporations are icky." (And the really wierd thing is that they can be people who actually know a lot about economics! I love reading tech writer Daniel Eran Dilger, who is totally lucid in explaining what big corporations like Apple, Microsoft, Adobe, Sun etc are up to. But he recently wrote: "Obama’s campaign is known for its grassroots outreach to individuals, as opposed to the typical political campaigns catering to corporate lobbyists...")

And I guess the "big corporations are icky" crowd are going to have some painful shocks if they think a corrupt Chicago pol will make evil economics just magically disappear. Or maybe they won't; human capacity for self-deception is unlimited, and, at least in the news media, ickyness WILL disappear if a Dem is in the White House.

Posted by John Weidner at June 18, 2008 7:14 AM
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