Friday, November 28, 2008

CON LIB PLAY GROUPS: THE HAMILTON PROJECT

Wrote Paul Street in Z Magazine, "Obama has lent his support to the aptly named Hamilton Project, formed by corporate-neo-liberal Citigroup chair Robert Rubin and other Wall Street Democrats to counter populist rebellion against corporatist tendencies within the Democratic Party. . . Obama was recently hailed as a Hamiltonian believer in limited government and free trade by Republican New York Times columnist David Brooks, who praises Obama for having "a mentality formed by globalization, not the SDS."

Firedog Lake, Feb 2008 - In a suite of offices three doors down Massachusetts Avenue from the Brookings Institution headquarters, Hillary Clinton's closest Wall Street allies are drawing up economic policy for the next Democratic administration. The offices belong to the Hamilton Project, a small think tank created by Robert E. Rubin, Bill Clinton's Treasury secretary and key economic adviser, and former Treasury deputy secretary Roger C. Altman. . .

The project's research, so far, would be familiar to students of the first Clinton administration: creative, wonky proposals for softening the impact of globalization without interfering with international trade, most of them crafted with an eye to fiscal austerity and a balanced budget.

The key advisory role played by Rubin and Altman, two pre-eminent Democratic Party economic centrists, has drawn criticism from more left-leaning economic voices, who also tweak the presumptive nature of the project, given that not a single vote has yet been cast in the 2008 campaign. "One wag told me that their effort looks a lot like drafting the 2009 budget," said Lawrence Mishel, president of the Economic Policy Institute, a think tank aligned with the more populist, labor-friendly segment of the Democratic Party.

That is what I hope we will see from The Hamilton Project in the months and years to come. You have already drawn some of the brightest minds from academia and policy circles. . . So I know that there are going to be wonderful ideas that are generated as a consequence of this project. . .

The Senator who made time for the christening of the new corporatist think tank. . . the love child of the Clintons' BFF Robert Rubin?

Sen Barack Obama.

What a party: two free traders duking it out for the nomination.

US News - During his years as a senior fellow for economic studies at the Brookings Institute, [Peter Orszag] directed the Hamilton Project, which aims to increase opportunities for broad-based wealth, economic security, and enduring growth.

1 Comments:

At November 30, 2008 12:20 AM, Anonymous robbie said...

Obama was recently hailed as a Hamiltonian believer in limited government and free trade by Republican New York Times columnist David Brooks, who praises Obama for having "a mentality formed by globalization, not the SDS."

If David Brooks likes you, you must be doing something wrong.

 

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