Brad de Long is a Free-Trade advocating Neo-Liberal (and Summers' crony)

[amborin]

<http://en.wikipedia.org/wiki/J._Bradford_DeLong>

he worked under Summers in Clinton's admin

a "neo-liberal" is someone who believes in unfettered "free" markets....and he likes trade liberalization.....

Brad said:

......."The outcome is a new and potentially lasting bias toward jobless recoveries in the high-wage developed world. That brings the second major force into play -- a political backlash against the trade liberalization that allows such cross-border job shifts to occur. It is the politics of this trend that disturb me the most as I peer into the future.

Insecure and scared workers tend take out their fears and frustrations on incumbent politicians. To the extent that the IT-enabled global labor arbitrage represents a new and lasting threat to job security in the developed world, this political backlash is understandable -- albeit deplorable....."

<http://www.j-bradford-delong.net/movable_type/2003_archives/002792.html>


here is his article, called "Free Trade is Win-Win"

<http://braddelong.posterous.com/free-trade-win-win-updated>

he worked on GATT for Clinton

Brad says, " the problem is not too much globalization, but too little....."

<http://www.j-bradford-delong.net/movable_type/2003_archives/002027.html>

and this:

<http://www.countercurrents.org/riggins020509.htm>



Brad criticized another economist who was concerned about transfer of high value US manufacturing to China.

Brad said, "Let me respond with a question: Is there a way to interpret Jeff other than as a call to keep China a society of poor subsistence rice farmers as long as possible--keep them poor, barefoot, uneducated, and by no means allow them to work at any of the high-value manufacturing occupations we want to keep in the United States?"

<http://tpmcafe.talkingpointsmemo.com/2007/02/26/a_question_for_jeff_faux/>


Brad denies that government policies have contributed to the rising tide of income inequality in hte US. (that means Brad denies the role of the union-busting policies of the NLRB; ignores all manner of additional government economic and political policies and legislation that have driven the economic inequality we now see).

<http://www.prospect.org/csnc/blogs/ezraklein_archive?month=08&year=2006&base_name=whos_to_blame_for_inequality>


lastly...

Brad argues, in contradiction to views of numerous other interpretations, that the US Marshall Plan worked largely b/c it carried the condition that Europe accept the workings of market forces.....

Brad wrote, "Marshall Planners sought a
labor movement interested in raising productivity rather than in
redistributing income from rich to poor. With labor peace a potential
precondition for substantial Marshall Plan aid, labor organizations
agreed to push for productivity improvements first and defer
redistributions to later....."

<http://www.j-bradford-delong.net/pdf_files/Marshall_Large.pdf>

[OHdem10]

1. Mr. DeLong, I find it" deplorable" that Free-Trade Policy (poor designed

and poorly managed) have led to the downward spiral of Living
Standards for our Middle Class Working Class in our country.

[ProSense]

2. Great rebuttal. DeLong is a neo-liberal, therefore

James P. Rubin is James S. Rubin?

:rofl:

[amborin]

3. you raise that minor point; guess you concede Taibbi's accuracy re: indisputable substantive issues

[ProSense]

6. A minor point? It's a big friggin error

Taibbi built his whole conspiracy theory on a series of completely inaccurate claims:

But come November 5th, both were banished from Obama's inner circle — and replaced with a group of Wall Street bankers. Leading the search for the president's new economic team was his close friend and Harvard Law classmate Michael Froman, a high-ranking executive at Citigroup. During the campaign, Froman had emerged as one of Obama's biggest fundraisers, bundling $200,000 in contributions and introducing the candidate to a host of heavy hitters — chief among them his mentor Bob Rubin, the former co-chairman of Goldman Sachs who served as Treasury secretary under Bill Clinton. Froman had served as chief of staff to Rubin at Treasury, and had followed his boss when Rubin left the Clinton administration to serve as a senior counselor to Citigroup (a massive new financial conglomerate created by deregulatory moves pushed through by Rubin himself).

Incredibly, Froman did not resign from the bank when he went to work for Obama: He remained in the employ of Citigroup for two more months, even as he helped appoint the very people who would shape the future of his own firm. And to help him pick Obama's economic team, Froman brought in none other than Jamie Rubin who happens to be Bob Rubin's son. At the time, Jamie's dad was still earning roughly $15 million a year working for Citigroup, which was in the midst of a collapse brought on in part because Rubin had pushed the bank to invest heavily in mortgage-backed CDOs and other risky instruments.

[amborin]

9. no, the fiasco hinges on the observable facts

[girl gone mad]

13. Taibbi has already corrected that point.

It certainly wasn't central to his criticism.

[phleshdef]

4. Yet, despite all that, his rebuttle of Taibbi's tin foil hat, fruit cake ass is dead on.

[amborin]

5. the correct spelling is "rebuttal;" but de Long certainly did not accomplish one

[phleshdef]

8. Meh, I don't give a shit about your worthless denial of the truth. Embrace the loon all you want.

[amborin]

10. why

not stop and take a look:

look, for example, at how AIG was bailed out by Geithner at US taxpayers' expense (and is now probably unable to repay those billions to taxpayers, who will suffer), in part so that Goldman Sachs would not be exposed to AIG's losses

(Goldman Sachs had bought AIG's swaps)

look at how the very architects of the banking debacle were re-hired!

[phleshdef]

11. I think Geithner was too busy travelling back in time to help fake the moon landing.

[amborin]

7. take a look at who De Long is:

someone who is against long-standing democratic principles

[RoyGBiv]

15. Can you list some?

What are these long-standing democratic principles DeLong opposes?

[girl gone mad]

12. And a disciple of Milton Friedman, to boot.

Neoliberals and neoconservatives are two sides of the same coins, for those who may not be aware.

[RoyGBiv]

14. Of for pity's sake ...

Brad DeLong is not a disciple of Milton Friedman.

Defend your statement.