President Obama's Disingenuous Attack on Outsourcing

[Douglas Carpenter]

161. he does have a point. Democrats have supported outsourcing and predatory capitalism. However, if I

were to find a progressive silver lining to all of this - it is that this whole campaign is putting the Democratic Party on public record by basing the whole reelection strategy of President Obama on opposing the most retrograde and extreme forms of predatory capitalism including outsourcing - however hypocritical this may be. How much this will actually affect policy - time will tell. But now it is in the mainstream of popular discussion and front and center in the market place of ideas that there is something wrong with outsourcing and there is something wrong with this extreme form of speculation driven casino capitalism. To change a long established political-economic policy it is necessary to change the political culture. Let's hope the Clintonesque era of defending these kind of policies are over. The Democrats have now learned that they cannot run and win anymore simply representing the left-wing caucus of hedge fund managers and private equity firms.