A repository for Marcospinelli's comments and essays published at other websites.

Obama Admits Mistakes, Says He Wants Second Term 'Badly' In Diane Sawyer Interview

Friday, January 27, 2012


Ditto for the head of his NationalEc­onomicCoun­cil. Although appointing LarrySumme­rs might have been a bit of a stretch, despite his yeoman work in destroying financial regulation­—thus enriching his old boss RobertRubi­n and helping cause the Crash of 2008—McCai­n could easily have found a JackKemp-l­ike Republican “supply-si­der” who would have duplicated Summers’ signal achievemen­t of expanding the deficit to the highest level since 1950 (though perhaps with a slightly higher percentage of tax cuts than the Obama stimulus). The economy would have continued to sputter along, with growth rates and joblessnes­s levels little different from today’s, and possibly even worse.

But McCain’s election would have produced a major political difference­: It would have increased Democratic clout in the House and Senate.

Read more here.
Read the Article at HuffingtonPost

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