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Brad DeLong's Grasping Reality 2019-10-14 14:01:31

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Comment of the Day: Harold Carmel https://www.bradford-delong.com/2019/09/march-of-the-peacocks-the-new-york-times.html?cid=6a00e551f0800388340240a4b269b1200d#comment-6a00e551f0800388340240a4b269b1200d in Paul Krugman: March of the Peacocks: "As Prof. DeLong has often pointed out, Obama's turn toward austerity in that SOTU was a very dumb policy idea. Obama's negotiating style was to split the difference with the GOP in his initial offer, assuming the Republicans were bargaining in good faith. Of course, they weren't. Obama presented himself as post-partisan and thought the Republicans would reciprocate. How did that work out? An important lesson for the current Democratic presidential race....

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Comment of the Day: Harold Carmel https://www.bradford-delong.com/2019/09/march-of-the-peacocks-the-new-york-times.html?cid=6a00e551f0800388340240a4b269b1200d#comment-6a00e551f0800388340240a4b269b1200d in Paul Krugman: March of the Peacocks: "As Prof. DeLong has often pointed out, Obama's turn toward austerity in that SOTU was a very dumb policy idea. Obama's negotiating style was to split the difference with the GOP in his initial offer, assuming the Republicans were bargaining in good faith. Of course, they weren't. Obama presented himself as post-partisan and thought the Republicans would reciprocate. How did that work out? An important lesson for the current Democratic presidential race....

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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