"In theory there is no difference between theory and practice. In practice there is." - Yogi Berra
posted by Sande at
Just so much campaign talk, he doesn't really mean it, does he? If he did why did he surround himself these last three yrs. with guys like Sir Larry Summers or Lord Tim Geitner and Viceroy Daley of JP Morgan? This is all for the low Info late to the game just waking up Obamabots.
Check out the clip - the Prof being interviewed discusses how there is some shift here and there in both parties. For example there seems to be at least a temporary easing up on SSI. But given the Tea Party in control of Congress it has no legs. What the Prof does suggest is that there will be a much greater shit storm coming out of Europe in the upcoming months. The problem is that American banks are exposed to this and it will effect our economy negatively. So there is a possibility of even more economic erosion in the next year. If this happens Obama of course gets swept out. Think about what happens then and I know you have thought about it, we get a Tea Party president and the implications are mind boggling.
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