With all of the Obama economic plan-talk, how come no one is framing these issues as the failures of Friedmanite economic theory vs. the benefits of Keynsian economic theory? We have already argued Keynes vs. Friedman in the public sphere and we seem to have to come to agree to disagree – split along party lines of course. Only now there are quite a few Republicans that seem to see the light of Obama’s plan. Will they now renounce Friedman?

It seems like everyone in the media is dissecting Obama’s plan and wondering if we’ll be able to pay it back. Haven’t democrats proved by now that investing in public works and stimulating the economy by funding government programs is a successful formula for jump-starting the economy?

Watching the Sunday talking heads and I’m being reminded of just how severely our Fourth Estate has failed us. Back to reading Krugman and Klien…