Eric Alterman
THE NATION
In 2008 America elected as its president not only an African-American but an unapologetic Keynesian. In his inaugural address Barack Obama declared, “The state of our economy calls for action, bold and swift. And we will act not only to create new jobs but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.”
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