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He's been talking about it for over a year, but he lacks the fiscal wherewithal (thanks, Brussels austerity!) and the economic advisors (even if they talk about sustainability and the new economic model they are neoliberals so they expect the market to do it for them). He knows what sounds good but I'm not convinced he knows how to do it.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 19th, 2010 at 04:23:36 PM EST
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But you were talking about political support and, no, his political capital has evaporated because of the debt crisis. He's also lost the support of the centre-right nationalists for other reasons.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jul 19th, 2010 at 04:25:52 PM EST
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