We're talking about a University of Chicago progressive. Of course Obama never had any intention of running against Wall Street like he runs against Big Oil. Markets work, in Obama's view, but it's government's responsibility -- not the markets' -- to promote an equitable distribution of wealth. He's a free market redistributionist, which is why Warren Buffet likes him so much.I think it's a bit of a stretch to think Obama's law school teaching position puts him into the econ. dept's fold, although he does have that Gosbee guy as an advisor, and he's a U of C economist.
As for the MIC, I think Obama will move us left on missile defense and nuclear disarmament. I think he'll cut from the Pentagon and perhaps invest a little more in the CIA and FBI. We'll shift from force projection and counterinsurgency to intelligence and co-option. It will be a cheaper, less troop-intensive force with hopefully less weapons system pork.
But the second part of the comment bears watching.
Too inside baseball for ya?
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