Sometime in the next 24 hours we will be switching European Tribune over to a new layout. This will involve a little downtime and no doubt some teething troubles. Do not adjust your set. - Colman

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No, but he is desperately trying to be - getting inside White House briefings - and trying to coral some of the wild cats of the progressive blogosphere on their behalf. However I think his attitude highlights a real problem with the progressive blogosphere in the USA. Most US liberals and progressives are, more or less, economically illiterate and haven't gotten past Austrian or Chicago school economics 101. They share the same basic assumptions and theoretic constructs of  austerity economics, even if they would like to temper it's extremes by saving as much of the New Deal and Great Society as they can.

However I also think Boo is probably correct in his assessment of how the Trillion $ coin would play in the US. Obama has desperately been trying to play "the adult in the room" and keep Wall Street onside. So far he has the Republican right more or less where he wants them - unhinged from establishment Republicans who voted for the Fiscal Cliff compromise.

Obama risks uniting the Republican and conservadem establishment against him if he goes the coin route.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Sat Jan 12th, 2013 at 07:45:29 AM EST
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