Sensible Leadership On Economics In Real Life

http://firedoglake.com/2014/10/19/sensible-economics-from-leadershi/

By: masaccio Sunday October 19, 2014 11:40 am

The past few weeks have seen an explosion in fear and panic in the media as the mid-term elections creep up on us, with as loathsome and stupid a crowd of Republicans as we could possibly imagine and the weak-kneed crowd of Democrats we always expect. Political ads are either vicious character attacks or fearmongering. If all you knew was our elections, you’d think we are a nation of whimpering children. The worst thing is that congressionals know they are horrible people, as they reveal in an article in Esquire. The majority of candidates in both parties are cowards, living in mortal fear of losing elections, and dumping their nightmares on the rest of us in ads and at debates. Their surrogates are a crowd of poop-throwing zoo animals. It makes me sick.

In this maelstrom of ugliness, I managed to find two signs of competence and even bravery, one from President Obama, and one from Fed Chair Janet Yellen. The President gave a speech at the Kellogg School of Management at Northwestern, and announced that trickle-down economics is a lie. This is from the White House transcript:

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Two leading government figures explain reality to the citizenry, and their words vanish in a froth of dread and panic whipped up by politicians and the media. How badly do centrists of both parties have to be beaten up economically before they get past the political/media freak show and renounce their belief in Neoliberalism as the One True Economic Faith?

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I think this short article is well worth the few minutes to read.