In the view of leading progressives, Barack Obama has made some steps in the right direction – such as pushing for the job stimulus plan – but also has let himself be steered toward conventional economic strategies by the same deregulators who helped create today’s financial meltdown.
Robert Kuttner, co-founder of The American Prospect Magazine, explains what's behind this view among progressives. Kuttner cites areas where Obama deserves their support and other areas where he deserves criticism, especially in following a bank-bailout plan outlined by Treasury Secretary Timothy Geithner.
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Kuttner argues that Obama must react to the economic crisis with more innovative thinking, even if that means going against his centrist-oriented advisers, many of whom served in the Clinton administration.
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