Marshall Auerback: Barack Obama – The Nation’s First Tea Party President
By Marshall Auerback, a portfolio strategist and hedge fund manager. Cross posted from New Economic Perspectives
For all its talk of the importance of averting a debt default, Barack Obama.is increasingly signaling that major deficit reduction has become more than just a bargaining chip to bring Republicans aboard a debt deal. He actually believes that cutting entitlements and reducing the deficit are laudable goals, which would mark “transformational” moments in his President. Let’s face it: the man is not a progressive in any sense of the word; he’s a Tea Party President through and through.
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