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And so what about Obama's decision in '09? A calculated decision to let the financial cancer rage, considering that this would likely get him his best shot at two terms and that "Après moi, le déluge"? Even had he failed to get a second term he could have gone down as the most important single term president in US history? He could have brought about a reset that would have given the nation another three generations.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 16th, 2014 at 09:38:47 AM EST
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You have to take into account who Obama's advisors were: Summers and Geithner...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Wed Apr 16th, 2014 at 10:04:04 AM EST
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And who chose those advisors.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 16th, 2014 at 10:49:58 AM EST
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They were "serious".

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Wed Apr 16th, 2014 at 10:50:51 AM EST
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My point is that, while understanding the implications of realpolitik is necessary, it is not a sufficient guide to decision making. And that there courageous acts of realpolitik as well as cowardly acts. It is one thing to apply realpolitik dealine with Chicago politics while backed by the Pritzkers and quite another to apply it in Washington dealing with Wall Street while having been backed by Wall Street. In Washington crossing powerful economic interests can get your balls stomped - or worse.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 16th, 2014 at 10:57:19 AM EST
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