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Chip off the old block

By Owen Paine on Tuesday June 10, 2008 01:12 PM

Jason Furman

To reassure The Street, Obama has taken on this willing but dronish-looking orbital of the great Rubinius Maximus:

He is to be "economic policy director". According to brumigin.com,

"Furman, 37, most recently worked as an economist and budget expert at the Brookings Institution in Washington, where he headed the Hamilton Project, an economic policy research group aligned with the Democratic Party that was founded by Rubin, now chairman of Citigroup Inc.'s executive committee."

The Hamilton Project! Mein Gott! Prepare for the absolute worst, folks. Three winters in a row will not be enough. We'll be crying for Andrew Mellon.

For those new to my personal bestiary, this droopy chap's mentor, Bondage Bobby Rubin, did more to destroy industrial America during his 8 years running the world economy, than any man alive, and I'm very much including that unctuous taxi dancer and refugee from the Rand institute, Meister Alan of Greenstain himself.

To the likes of Bobby the Terrible, Alan was but a chittery, thieving temple monkey.

Comments (3)

Yes, but, but, but...
those hipster glasses and hipster haircut!
He must be different, right?

This Hamilton thing is really interesting, in a way. Having watched their pappies trample out dependency theory, these new ear-whisperers are trying to suggest that government planning might possibly maybe teensy-weensyishly have some small place in economic "success."

Of course, in order to say even that, you have to adopt Hamilton, with his hatred of democracy and rabid imperialist nationalism.

And, of course, the truth, per Ha Joon-Chang (who himself lionizes Hamilton), is that every major capitalist power rose via economic protection and state planning.

Al Schumann:

The Chicagoite economists never quite complete their thoughts when they assert that the overall economy is a zero sum game in which state planning necessarily crowds out enterprise. They get right to the point of displaying their proofs and neglect to mention that they wholeheartedly approve of the state destroying enterprise, provided it's the enterprise of people other than their patrons.

nasrudin:

Why is there never an Aaron Burr around when you really need him? Less voting, more duelling -- that's the ticket.

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