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2016 Postmortem
Showing Original Post only (View all)Clinton in 2011: Greek austerity is necessary "chemotherapy" to give Greece a "strong economy". [View all]
http://www.huffingtonpost.com/2011/07/18/clinton-greece-hillary-austerity_n_901304.html?ref=twOf course we all know the actual result. 25% drop in GDP, 25% unemployment, untold suffering by the Greek people and absolutely no prospect of repaying the debt under the original terms with a badly shrunken economy.
Economists like Paul Krugman, Dean Baker and Joseph Stigletz warned this would be precisely the result of Friedmanesque austerity measures in Greece. Washington conventional wisdom was wrong, taking a stand in favor of massive cuts despite the human costs. Hillary Clinton was squarely on the side of Washington conventional wisdom.
As president will she be willing to break with the Washington consensus when it is clearly wrong? Has she done so in the past?
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Clinton in 2011: Greek austerity is necessary "chemotherapy" to give Greece a "strong economy". [View all]
pa28
Jul 2015
OP
I know. You see it over and over again in the language of neoliberals and the IMF.
pa28
Jul 2015
#19
this shows it's way further than just "corruption from changing the party to attract corpo money"
MisterP
Jul 2015
#16
Oh, but I'm sure she's "evolved" since then and now believes taxing the wealthy is the answer.
Scuba
Jul 2015
#10
Wasn't the expectation that a woman politician would be more nurturing, caring, sensitive
Divernan
Jul 2015
#17
I've never had that expectation. Women are individuals, not stereotypes. n/t
winter is coming
Jul 2015
#27
A great question that highlights the difference between Clinton and Sanders.
PatrickforO
Jul 2015
#18
The use of medical metaphors is an indicator of anti-democratic inclinations.
Ken Burch
Jul 2015
#28