"The economic emergency, however, is not simply the consequence of mindless, ideological deregulation and investment bubbles gone bust. It is the result of a narrowly conceived economic model and the failure of Washington's social contract with America.."
"..the hope, by no means a fantasy, is that Obama may have proven to Americans that government can work. That, of course, is the key to success. To do so, however, will require shedding some of the ideological baggage of the Rubinomics holdovers he has advising him. "
to read Jeff Madrick's article published in the January 12, 2009 edition of The Nation, click on
http://www.thenation.com/doc/20090112/madrick/print
Original: Beyond Rubinomics