General Discussion
In reply to the discussion: Hillary could be the final nail in the middle-class coffin. [View all]WillTwain
(1,489 posts)Per Ron Suskinds book Confidence Men, all of Obamas economic advisors were opposed to the auto bailout, but the political calculus won the day (the line was, What do we do when a worker walks out of a GM factory holding a sign, I guess I wasnt too big to fail.')
Also in Suskind's book, "Austan Goolsbee and Alan Krueger were advocating let them fail. Summers initially was with them, but switched sides early during the debate, apparently due to the political calculus (not the economics)."
He did not give a shit about the workers but made a political calculation. We are part of a political calculation not an ideology that cares about us.
I believe he gave interviews early on against the bailout, too. Before they triangulated.
Dazzled?