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When you keep the deficit low and our debt out of the hands of foreign nations, then we can all win.

Two fallacies in one cliche! The only real advantage of the Clinton surplus was as a club with which to beat the Bush 46 administration and even then the Chinese were accumulating US debt instruments. Aristotle claimed that mastery of metaphor was the mark of genius. Here, at a minimum, Obama demonstrates mastery of the fallacious cliche to rhetorical advantage.
There has been a tendency in the past for us to say, well, look, we have got to grow the pie, and we will retrain those who need retraining. But, in fact, we have never taken that side of the equation as seriously as we need to take it.

But Walmart, McDonald's, etc. do their own training and how can you talk of re-training as a solution for shrinking overall employment? At least he mostly got unemployment insurance extended until his second term started even if he 'settled' for half a stimulus.

To do more Obama would have had to seriously engage, himself or via clear proxies, with the rampant tangle of fallacies that is 'mainstream economics' and vigorously deconstruct it in favor of something that works. But that would anger much of the financial sector - with whom he identifies - so, instead, we got 'regulatory forbearance'.    

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jul 28th, 2013 at 09:17:33 AM EST
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