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There's some evidence that his policies are catching up to his rhetoric.
According to Boehner, Obama told him during the fiscal cliff negotiations, that we don't have a government spending problem.
He's also nominated Mary Jo White to head up the SEC.
But he's got to clean house at the DoJ and bust out of the deficit myths that he's allowed to handicap him. No way, no how wealth inequality can be challenged when you leave control frauds in place and you think the issuer of the currency can run out of money.
Can scoreboard keepers run out of points? Is there a danger that a high scoring basketball game will leave the scoreboard keeper with insufficient points to put on the board in future games? No way, no how. "The funds to pay our taxes and buy government securities come from government spending."-Warren Mosler. I left that message at the White House this morning, and sent Obama an email explaining the basics of reserve accounting, national income account identities, and demand leakages. The madness has got to stop.
Incidentally, by going to the American people and explaining how the monetary system actually works, Democrats could then denounce Republican austerity plans as wealth confiscation, and get the American people behind a progressive full employment/full output agenda.
But without fiscal adjustments, like a bottom-up full FICA tax cut, we are headed to recession.