Bankers Versus Base

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 193-198 from Palgrave Macmillan

Abstract: Abstract There may come a day, in January 2005, when the Democrats will come back to power. Can we perhaps divert ourselves from the campaign long enough to ask, what then? The Democrats have a problem. Their base wants jobs and security. Their financial leadership wants a return to the Clinton formula of deficit reduction, leaving low interest rates to generate economic growth and jobs. John Kerry’s emerging economic platform pays heavy homage to this formula, but it is unlikely to work out. A return to Bill Clinton’s policies will not reproduce Bill Clinton’s results. There are at least six reasons why this is so.

Keywords: Open Trade; Energy Security; Credit Crunch; Household Debt; Easy Money (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_57

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DOI: 10.1057/9780230236721_57

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