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01-08-02
James Galbraith depreciates clinton economic policy
Says clinto-nomics was unsustainable, created unrealistic expectations
"We are seeing its end right now"
Professor Galbraith explained that the clinton scheme "depended on the private sector willing to borrow and spend." He added that the clinton period "created the unrealistic expectation" that the debt could be reduced to zero in 13 years.
If we take Galbraith's comments to their logical conclusion, then, oxymoronically, the "it's the economy, stupid" clinton scheme will be remembered for engineering not a weak economy but a weak presidency. History will record that clinton economic policy decisions, like all clinton policy decisions, were short-range and egocentric, that is, were based solely on their projected immediate effect on bill and/or hillary clinton. The "it's the economy, stupid" clinton scheme was engineered specifically to render a unqualified candidate viable, a depraved president tolerable, a president's successor feckless, and, finally, an ex-president (or his wife) craved.
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ASHINGTON, Jan. 8-- James Galbraith, a Keynesian like his famous father, John Kenneth, a self-professed lifelong Democrat and a professor of economics at the LBJ School of Public Policy at the University of Texas, proclaimed on Washington Journal (C-SPAN) today that clinton economic policy "would not sustain growth and prosperity indefinitely...we are seeing its end right now."
Had George Will written Sleaze, the sequel (the "sequel" is, of course, hillary) after 9-11-01, I suspect that he would have had to forgo the above conceit, as the doubt expressed in the setup phrase was, from that day forward, no longer operational.
Indeed, assessing the clinton presidency an abject failure is not inconsistent with commentary coming from the left, most recently the LA Times: "Clinton Let Bin Laden Slip Away and Metastasize."
When the clintons left office, I predicted that the country would eventually learn--sadly, the hard way--that this depraved, self-absorbed and inept pair had placed America (and the world) in mortal danger. But I was thinking years, not months.
It is very significant that hillary clinton didn't deny clinton culpability for the terrorism. (Meet the Press, 12-09-01), notwithstanding tired tactics (if you can't pass the buck, spread the blame) and chronic "KnowNothing Victim Clinton" self-exclusion.
If leftist pandering keeps the disenfranchized down in perpetuity, clinton pandering,("it's the economy, stupid"), kept the middle and upper classes wilfully ignorant for eight years.
And ironically, both results (leftist social policy and the clinton economy) are equally illusory, fraudulent. It is becoming increasingly clear that clinton covertly cooked the books even as he assiduously avoided essential actions that would have negatively impacted the economy--the ultimate source of his continued power--actions like, say, going after the terrorists.
It is critically important that hillary clinton fail in her grasp for power; read Peggy Noonan's little book, 'The Case Against Hillary Clinton' and Barbara Olson's two books; it is critical that the West de-clintonize, but that will be automatic once it is understood that the clintons risked civilization itself in order to gain and retain power.
It shouldn't take books, however, to see that a leader is a dangerous, self-absorbed sicko. People should be able to figure that out for themselves. The electorate must be taught to think, to reason. It must be able to spot spin, especially in this age of the electronic demagogue.
I am not hopeful. As Bertrand Russell noted, "Most people would sooner die than think; in fact, they do so. "
*George Will continues: There is reason to believe that he is a rapist ("You better get some ice on that," Juanita Broaddrick says he told her concerning her bit lip), and that he bombed a country to distract attention from legal difficulties arising from his glandular life, and that. ... Furthermore, the bargain that he and his wife call a marriage refutes the axiom that opposites attract. Rather, she, as much as he, perhaps even more so, incarnates Clintonism
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