The Great Betrayal – and the Cynicism of Calling it a Grand Bargain

William K. Black @ New Economic Perspectives - Robert Kuttner has written much of the column I intended to write on this subject, so I will point you to his excellent column and add a few thoughts.

Kuttner wrote to warn that Obama intends to seek a “grand bargain” causing the U.S. to adopt the type of austerity program that threw the Eurozone back into a gratuitous recession.  Read more.