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Steve LaBonne
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What makes you believe that the political system can produce those things without strong unions to push for them?
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Obama is either a freaking idiot or is really playing for the other team. Those are the only two possible explanations for reappointing Bernanke.
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I've lost all respect for liberal critics of his administration. The feeling is mutual. HAMP, which required nothing from Congress, was "the best he could do"? Pull the other leg, it has bells on.
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10% unemployment doesn't cause a political crisis because those most hurt don't vote, and everything possible is done to discourage them from voting and to make it as difficult as possible if they nonetheless have a mind to. (Why they don't take to the street to express their anger is a different question, to which I don't have a good answer.)
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So why isn't Obama making these points every day? Does he not know that the deficit-hawk framing he constantly reinforces is insane and suicidal, or does he know but simply not care?
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What fiscal stimulus? What little was done at the federal level was (at least) offset by cuts at the state and local levels. It's pretty hard to judge the effectiveness of something that didn't actually happen.
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