Obama’s old school economic team are on record as favoring privatizations of public resources in principle. Unless Obama is willing to significantly cut the military budget or tax the rich, neither of which seems very likely, the only way to pay for even a reasonably large jobs and recovery program is to kill other jobs through a wave of Chicago-style privatizations. And privatizations are always bad for democracy.
Archive for the ‘bailout’ Category
Will Obama Privatize Public Assets To Pay For “Economic Recovery”?
Posted in bailout, tagged obamanomics, privatization on December 10, 2008 | 3 Comments »
