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Obama’s Challenge to End the Borrow and Shop Era

oxdown.firedoglake.com — Obama is also proclaiming a need to change the underlying basis of the economy, to abandon the borrow without care and let’s go shopping mentality that has prevailed for decades. It’s a revealing and unexpected dose of reality three weeks before an election.

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  • aletoledo, on 10/13/2008, -0/+1This is a perfect example of Obama's style of doublespeak. He throws out a few tidbits that sound true like "we're living beyond our means" and yet it's not really addressing the true meaning.

    Obama means: The american people spend too much. He dismisses the problem as ever being one of government largess and he never ever mentions the Fed devaluing the dollar.
    Truth is: Government spends too much and Fed prints too much. The average person isn't really part of the problem.

    This proves he's a corporatist, because he blames the poor for the problem and not government favoritism toward the rich.

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