Michael Hudson: Obama scapegoats Euro for miserable US economy

by Michael Hudson
Featured Writer
Dandelion Salad
June 8, 2012

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Image by marniejoyce via Flickr

Jun 8, 2012 by

Republicans have given President Obama a lot of heat for the gloomy US economy. The recent jobs numbers released by the US Bureau of Labor Statistics have fallen short of what was predicted and President Obama has resorted to blaming the European financial crisis. So who or what is to blame for the dreary US economy? Michael Hudson, economics professor for the University of Missouri, joins us with more.

Obama scapegoats Euro for miserable US economy

Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His new book summarizing his economic theories, “The Bubble and Beyond,” will be available in a few weeks on Amazon. He can be reached via his website, mh@michael-hudson.com.


Propaganda Alert!

Jun 8, 2012 by

President Obama calls on Congress to pass the bipartisan, paid-for ideas that he proposed last year to put construction workers back to work upgrading our roads and bridges, teachers back in the classroom educating our kids and police and firefighters back on the job keeping our communities safe, and addresses the state of the economy, including the situation in Europe, which continues to pose headwinds to our recovery here at home. June 8, 2012.

President Obama Holds a Press Conference on the Economy


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5 thoughts on “Michael Hudson: Obama scapegoats Euro for miserable US economy

  1. Pingback: The Weaponization of Economic Theory by Michael Hudson « Dandelion Salad

  2. And isn’t this what the US has been doing forever and a day…blaming all except itself??? The 2007/08 financial crisis started in the US and spread all over the globe. What a short memory, eh?

  3. Obama’s blaming it on the “Eurozone” is out of whack. Europe is NOT recovering and will not recover in the future, but only get WORSE, everybody knows that. Obama doesn’t yet get it that the crisis of capitalism is structural and it is permanent.

  4. Pingback: Don’t 30 Million Workers Deserve 1968 Wages? by Ralph Nader « Dandelion Salad

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