Tuesday, November 25, 2008

Obama, Clinton and deregulation

John Berlau argues pretty persuasively on Reason Online that President-elect Obama has a "Clinton Problem":

... [T]he Obama campaign's twin messages of bashing deregulation and embracing the Clinton years were inherently contradictory. Bill Clinton signed nearly every deregulatory measure that John McCain backed — the same measures that are now being blamed (wrongly) for helping cause the current crisis.

What's more, Clinton administration officials have credited these policies for contributing to the ‘90s economic boom—the very "shared prosperity" that Obama says he wants to go back to.

Persuasive, yes, but meaningful? Maybe not. See, Berlau believes this to be a paradox that needs to be resolved. I believe this is how our system operates. Say this, do that, and never the twain shall meet.

Link to Obama's Clinton Problem on Reason Online

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