Tim Geithner's deputy, Alan Krueger, is a fitting pick to lead President Obama's Council of Economic Advisers -- which is to say he believes in the same noxious collusion of Big Business and Big Government that has dominated the Obama administration's economic policy.
IIRC, that was also a Mussolini scheme. Adding Big Labor to the mix--which is implicit in "Big Gummint"--would produce the Italian Fascist Trifecta.
Krueger's pet policy at Treasury, a convoluted program called Build America Bonds, amounted to a taxpayer subsidy for big banks and other corporate giants that increased public indebtedness. In other words, typical Obamanomics.
IOW, High-Speed Rail, among other busts.
"Of course state and local governments are big fans of the Build America Bonds program," Sen. Chuck Grassley, Iowa Republican and a senior member of the Senate Finance Committee, said on the floor last year. "They get federal money that they don't have to pay back." But more important, Grassley added: "The large Wall Street investment banks love Build America Bonds -- they're getting richer off of them."
Can you spell "Goldman, Sachs"?
More important: can you spell "Mussolini"?
No comments:
Post a Comment