Legal Commentary

Will Obama Own The Economy?

By Big Tent Democrat

The obvious answer to my question is, of course he will, in 2012 (Dems will probably own it in 2010.) Ezra Klein seems to believe ownership of the economy is escapable for Obama:

The nationalization conversation has, probably rightly, proceeded from the premise of what policy is most likely to work. But in the White House, the principals are also presumably considering the costs of failure. And the failure of a policy of nationalization is a scarier prospect than the failure of a toxic assets strategy. The Obama administration would own nationalization -- and its attendant effects -- in a way that they're unlikely to own a less aggressive intervention.

(Emphasis supplied.) I think the Obama political team might even believe that. I find it incredible. President Obama will own the economy (and the financial crisis) in 2012, irrespective of the policies he chooses. It is wishful thinking to believe that can be escaped. So he should adopt the policies he believes will work - not try to "minimize" ownership of the mess.

Speaking for me only

Full post as published by TalkLeft on March 10, 2009 (boomark / email).