Tag Archives: big banks

According to economist Michael Hudson, as soon as Obama gets re-elected he is going to take apart Social Security. Only a Democrat can do that. Republicans would be crucified if they tried it, just like George W Bush was. But, just as he believed the generals about the wars – not the diplomats, not the Vietnam vets, not even the soldiers fighting it – but the generals who get promotions ONLY when there are wars – so, when it comes to the economy, he believes the old school, trickle-down, Milton Friedman, neoliberal, free market economists. After 40 years of constant failure starting with Richard Nixon these trickle down guys are still doing things the Chicago School way, and Obama, who knows nothing of economics, is just following along. What a jackass. Who ever said this guy was smart? Continue reading →