Wednesday, January 21, 2009

Demand for Aggregate Demand, pt III

Hat tip to Reihan Salam for this one. A blogger from the other team essentially translates what I'm getting at here, here and here into Left-liberalese. Here is the key point:

The real danger of this moment for the Republicans is structural reform, fundamental changes to the American welfare state, or labor law, or regulation of carbon.That's where we'll see the big league, scratch and claw, any means necessary opposition. - Chris Hayes
Let's just add to this that structural reform is the operative danger for the Democrats too, they just haven't caught on yet.

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