misaacs | Shared With: Everyone - Aug 20 2008 | democratic party, economics, news, politics, Barack Obama
Excellent article! Begins by examining the competing economic viewpoints in the Democratic Party- personified by Bob (Reich) and Bob (Rubin)- and proceeds with an analysis of the evolution of Obama's economic views.
Quoted: he was exhausted from two days of campaigning in Florida and might decide to nap as soon as he got on the plane... but we ended up talking for an hour.
Quoted: "a country’s health can’t be measured simply by its economic output. That output, he said, “counts special locks for our doors and the jails for those who break them” but not “the health of our children, the quality of their education or the joy of their play.” .... The current concerns about the state of the planet, he said, required something of a paradigm shift for economics. If we don’t make serious changes soon, probably in the next 10 or 15 years, we may find that it’s too late.
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This is not too surprising given Japan's dependency on U.S. consumers.
Let's see how this affects the U.S. markets tomorrow.
1 FaverViewed: 3 TimesQuoted: Japan’s economy has been hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.
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1 FaverViewed: 3 TimesQuoted: Obama and McCain get it on..http://www.minimovie.com
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