Do you want Nobel Economics or Joe The Plumber economics? Academics or horse shit?

[backscatter712]

Which is it gonna be? That’s the question. President Obama and the Democratic Party have come out in favor of using basic economic theory of the kind you learn in a college Macroeconomics 101 course to pull our country out of the Bush Recession. Their response to the economic crisis is the American Recovery and Reinvestment Act of 2009.

The Republicans throwing filibuster hissy-fits in the Senate have decided to use the economic wisdom of Samuel Wurzelbacher, aka “Joe the Plumber”. After throwing trillions of dollars of taxpayer money at the war in Iraq, and gleefully throwing 700 billion dollars more to banks under TARP, all of the sudden, they’ve become deficit hawks and have started howling about all the big government spending. They seemingly follow the advice of a man who isn’t an economist and isn’t a plumber.

We have our choice. Do we follow the economic advice of Nobel-Prize-winning economists like Paul Krugman, or do we continue the same disastrous policies of George W. Bush, now being sold by a plumber turned country-singer turned war-correspondent turned economic-guru?

Just how stupid is this country? Looks like quite a lot of us are stupid enough to happily eat horse manure. Keep reading…

http://www.meldroc.com/?p=371

(Yes, I'm again shamelessly self-promoting my blog. Enjoy! Oh and Digg & Reddit it if you wouldn't mind...)

[backscatter712]

1. Self-kick...

Nobody wants to read the wisdom of George Carlin?

[depakid]

2. Trouble is- Obama doesn't look to be following said economists

Krugman, Dean Baker and Stiglitz are out.

Failures like Summers, Rubin and Geithner are in.

Thus far, what I've seen is only marginally better than Republican policies.

[backscatter712]

3. That's why I write rants like this.

Don't think the right-wingers and Davos billionaires aren't leaning on Obama. I write stuff like this as my way of leaning on him in my small way by getting some popular support that Obama needs to do the right thing.

I think Obama wants to do the right thing, but he's constrained by the politics of the possible. We have to speak up to get more of our agenda into that set of what's possible.