Hillary on redistribution and unemployment
(Needless to say, by "redistribution" I mean the "redistribution" of wealth upward -- like the bailouts, which were the largest upward transfer of wealth in world history.) David Sanger saw Hillary Clinton at the Brookings Institute, and she had this to say:
[CLINTON] The rich are not paying their fair share in any nation that is facing the kind of employment issues [that confront the United States and other nations,] whether it is individual, corporate, whatever the taxation forms are....
Brazil has the highest tax-to-G.D.P. rate in the Western hemisphere. And guess what? It’s growing like crazy. The rich are getting richer, but they are pulling people out of poverty. There is a certain formula there that used to work for us until we abandoned it — to our regret, in my opinion. My view is that you have to get many countries to increase their public revenues.
No shit. This is, again, a marginal difference, a softer neo-liberalism. But, again, again, again, marginal is not insignificant (and it would be nice if some MMTer got through to the Clinton's inner circle, just for grins).
This being Izvestia, and Sanger being a fully paid up Versailles courtier, the obligatory framing follows:
[T]here has been speculation about whether, after her days as a diplomat are over, Mrs. Clinton might try once more for the presidency. If so, her opponents are bound to reach for the Brookings tape.
No doubt, at which point -- especially if the depression goes double dip -- I would expect Hillary to stomp her opponents into dust. Hillary did, after all -- arguably, after being cornered into it by the collapse of the initial, Mark Penn-style apparatus in February 2008 -- win a majority of the D popular vote in the 2008 primaries with a cell phone-based, policy-oriented campaign, in the face of WWTSBQ opposition from our famously free press and most of the D apparatus, including the grotesquely misogynist career "progressives," the access bloggers, and the Web 2.0 widget-enamored "net roots." There's no reason that couldn't happen again. I doubt very much I'll be part of it, since I think the rot in the legacy parties has gone too far, but I'd wish a campaign like that a lot less ill than I'd wish others -- Obama's campaign for re-election, for example. No doubt, by that point, Obama will have made his deal with a major network, so he'll be out of the way.
NOTE Via Avedon.
UPDATE Atrios, who is always a good leading indicator, knows the ruling elite is morally and intellectually bankrupt. So how about throwing the blog that everybody hates and nobody reads a link, every so often? Especially on the MMT stuff? After all, if it's good enough for Yves...
UPDATE And then there's this. The comments section, interestingly, is less hilarious than usual, though the old familiar enforcers are still doing their thing.