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Agenda for a New Economy, 2nd Edition by David C. Korten

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CHAPTER 17A VISIONARY PRESIDENT MEETS REALPOLITIK

The basic facts of President Obama’s first year in office are well known. Given what he inherited — a devastated economy, record national and foreign debts, a mounting budget deficit, two expensive and unwinnable wars of occupation, Wall Street’s corrupting hold on Washington politics, and a take-no-prisoners far-right opposition in Congress — he merits high marks.

His continuation of the Bush administration’s bank bail-out prevented total financial collapse, and his stimulus package slowed the loss of jobs. He has attempted to moderate Wall Street bonuses, speculation, and credit card rip-offs. He has greatly improved America’s international image. He has recognized that global climate change ...

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