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Is Barack Obama a Keynesian or Freidman Follower?

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Bullet1987 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:26 PM
Original message
Is Barack Obama a Keynesian or Freidman Follower?
This is a very important question to ask and even more important to know. Since buying Naomi Klein's book 'The Shock Doctrine,' it has opened my eyes to the power of economic thought. The counterrevolution of the Chicago School in Latin America is at the center of many of the problems we face today. It's a revolution that originated among the right-wing (probably why the Republican Party is so hardcore corporatist today) and bled over into the Democratic Party in the 90s. It's a strange coincidence that Barack Obama came up through Chicago politics. What are the economic beliefs of Timothy Geithner and Larry Summers? These are questions that democratic voters need to begin to demand from politicians running for office. Even at the local level. I'm planning on buying Robert Reich's book 'Supercapitalism' too. I'm going to get more well-versed on this topic. Let's bring Keynes back!
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dana_b Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:27 PM
Response to Original message
1. I think you already know the answer n/t
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ashling Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:29 PM
Response to Original message
2. I knew he was born in Keynsia
I don't believe he is a follower of Friedman, but I don't see him following Keynes.
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:30 PM
Response to Original message
3. He's NOT a Kenyan.
:D
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Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:40 PM
Response to Reply #3
7. That is one thing we can establish here, right?
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:44 PM
Response to Reply #7
9. There's probably 1% here who are birthers.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:31 PM
Response to Original message
4. He passed an $800 billion stimulus bill... doesn't get more Keynesian than that

The rest of your post is just the same kind of drivel I hear from RW radio.
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Bullet1987 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:37 PM
Response to Reply #4
5. What part of my "drivel" is inaccurate dare I ask?
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:41 PM
Response to Reply #4
8. That stimulus package was hardly Keynesian. n/t
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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 11:18 PM
Response to Reply #4
14. And what percent of that bill could be classified as Keynesian stimulus?
Please don't even say 100%. That would be mind-numbingly Orwellian
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:40 PM
Response to Original message
6. He's Obama. The guy is Pragmatic. You should be use to it by now
He's neither. He's likely to try to blend two things together.
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Change Happens Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-18-10 09:19 AM
Response to Reply #6
17. +1
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Hello_Kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:49 PM
Response to Original message
10. I'd say he started as a Keynesian but is being increasingly influenced by the Friedmanites.
I very seriously doubt his experience as a community organizer in Chicago honed neo-conservative Supply Side tendencies in him. They certainly weren't evident in his speeches and writings as recently as two years ago. He has always had a maddening proclivity to embrace bipartisanship, often to the exclusion of facts on the ground.
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Bullet1987 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 10:51 PM
Response to Reply #10
11. I don't mean when he was a community organizer out of college
I mean when he entered into politics.
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Elwood P Dowd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 11:10 PM
Response to Original message
12. He is from the Chameleon School.
He changes colors to satisfy both the fat cats and their prey (us). Guess who winds up getting eaten alive?
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 11:12 PM
Response to Original message
13. I think he follows Niccolo Machiavelli.
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-10 11:27 PM
Response to Original message
15. They are pretty much following Keynesian Economics for the
Crisis.

There are those who believed Stimulus should have been larger,
but it is still Keynesian.

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Change Happens Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-18-10 09:18 AM
Response to Original message
16. Right down the Middle: Chicago for sure, but never overlooks the South side!!!
So to speak...I like that in him!
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