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Barack and the Progressives
Change for Whom? Katrina vanden Heuvel on Obama
WASHINGTON - February 13 - Katrina vanden Heuvel says there's a big fight ahead:
"For 30 years in this country workers have not participated in the games. They've worked two or three jobs; their healthcare has been gutted; their pensions ravaged, and now they're talking about entitlement reform on the backs of these workers. I mean they're asking workers to tighten belts, belts they don't even have," she argues.
Ms. Heuvel says Obama's team not only doesn't go far in enough in rethinking the economy, but Obama appears more open to entitlement reform than he should be.
"What we've seen is the full discrediting of economic theories: this idea of deregulation, the market can save all. People are flirting in mainstream media with nationalization, but nationalization designed to save the financial system and then get out. "
"There's not enough laying down the tracks for a rethinking of the economy. Seems to me you need the stimulus plan and you need it as big as you can get. But it cannot stop there. You then need the re-regulation that could protect and empower workers, and diminish corporate power and diminish the corruption of corporate power. "
"We don't yet know how bad this is going to get," warns Ms. Heuvel.
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