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Wall Street, Geithner, and Defunct Economics Threaten Obama’s Leadership

Ann Pettifor @ the Huffington Post

Posted March 24, 2009 | 09:56 AM (EST)

President Obama is in danger of making the same mistake Nelson Mandela made. Like Mandela he is abrogating power to shape a vision for the recovery of the US economy, and handing over the baton of leadership to Wall St. and lesser mortals.

Arianna is right, these mortals know nothing of leadership. They are the same economists and financiers applying the same bankrupt policies that got us into this mess in the first place.

They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish. (Franklin D. Roosevelt, 1933 Inaugural Speech.)

Like Mandela, Obama is a lawyer in awe, it appears, of economists. He is surrounded by members of the profession who are, we would contend, the slaves of a defunct economics. Defunct, but dangerously ingrained, since these men are clearly experiencing the most intense difficulty escaping from old ideas and policies, and developing new ones. Link to article

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