Friday, 28 March 2008

Three blind mice or the blind leading the blind

An interesting piece from Alexander Cockburn writing in the First Post.

Alexander dispares of the choose the American's have over their presidential candidate when it comes to economic matters


America's tragedy is that we have three neo-liberals left in the presidential race at a time when, as Martin Wolf correctly pointed out in Wednesday's Financial Times, neo-liberalism has collapsed


Of the three

  1. John McCain, has confirmed his own low estimates of his grasp of economic policy by announcing that he is opposed to any strengthening of financial regulation to prevent the shenanigans that caused the sub-prime and 'securitisation' catastrophes which provoked the current credit crisis.
  2. Of Hillary,her formal declaration in one recent speech that she wants Clinton-era Treasury secretary Robert Rubin, and former Fed chairmen Alan Greenspan and Paul Volcker to lead a "high-level emergency working group"scarcely encourages confidence in Mrs C's oft-proclaimed capacity to hit the ground running in times of crisis.
  3. of Barack Obama,His track record in matters of economic policy is slight,


But perhaps help is at hand for at least one of the candidates,James Forsyth writes

Michael Bloomberg, the mayor of New York, introduced Barack Obama this morning at a speech in New York sparking off a whole slew of rumours about an Obama-Bloomberg ticket.

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