« Sheep in wolves' clothing | Main | MoveOn: an ogress, yes, but such a nice ogress »


By Owen Paine on Thursday January 18, 2007 12:52 PM

If you read this:


...you will understand the wiring diagram of the Dem fiscal hawkery. Here's a teaser:

Clinton rejected the social-democracy strategy in favor of... the "Eisenhower Republican" strategy. Make economic growth the first priority. Attempt to get the Federal Reserve to be dovish on interest rates in exchange for seriously reducing the deficit. Take other steps such as trade liberalization to try to boost growth. Reform rather than expand social insurance so that you can argue that taxpayers are getting good value for what they are buying. Hope that these policies will boost investment. And make the Clinton legacy a high-investment, high-productivity growth expansion. If all goes well, a decade of rapid growth and a resolution of the deficit will open up new possibilities for progressive policy.

This was the strategy that Bob Rubin executed, first as head of the National Economic Council and then as treasury secretary under Clinton. Rubin's new memoir shows why he was able to do such a superb job, close to the very best job that could be done.

If I see the comment board light up like a marquee on 125th Street, I will critique it -- otherwise, I'll leave the carve-up to your tender mercies. Have fun.

And oh yeah -- since it's the full Bob Rubin monty, written by one of his top suckling pigs, Brad deLong-eurs: while reading his narrative of the Clintonian fiscal high road, for the sake of a Millsian objectivity, banish this image from your memescreen:

Yep, that's Brad -- the Pugsley of the dismal science, if ever there was one.

Comments (3)


Oh, Christ, JSP! How can anyone comment after that set-up? "The Pugsley of the dismal science". I am SCARRED for life!


Hee hee--delicious, JSP.

Oath of the Clinton Pugsleys: they also serve who only hagiographize in between desserts, yar yar.

js paine:

indeed reechard
he be
the pugsley of the dismal clintons too

pugsley scrbe to
the court of bill rex
the poison sugar shitter

Post a comment

Note also that comments with three or more links may be held for "moderation" -- a strange term to apply to the ghost in this blog's machine. Seems to be a hard-coded limitation of the blog software, unfortunately.


This page contains a single entry from the blog posted on Thursday January 18, 2007 12:52 PM.

The previous post in this blog was Sheep in wolves' clothing.

The next post in this blog is MoveOn: an ogress, yes, but such a nice ogress.

Many more can be found on the main index page or by looking through the archives.

Creative Commons License

This weblog is licensed under a Creative Commons License.
Powered by
Movable Type 3.31