Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich
Sunday, March 17, 2013
Obama is the only person in Washington who actually wants a Grand Bargan.
DeLong: "It is hilarious how much the centrist deficit-hawk Grand Bargain cheerleaders detest Obama and blame him for his failure to get a Grand Bargain, because he often seems like the only person in Washington who legitimately, sincerely wants one. So Barack Obama did his 'charm offensive'…. The problem isn’t actually that Barack Obama was insufficiently charming. The problem is… Barack Obama wants to cut the deficit. Republicans don’t care about the deficit. Barack Obama wants to cut the deficit by raising more revenue and cutting social insurance programs. Republicans hate taxes and don’t actually want to cut social insurance programs for old people… 'charm' is not really the problem…" Vitus emphasis.