CEPR - Center for Economic and Policy Research


En Español

Em Português

Other Languages

Home Publications Blogs Beat the Press Is It Politically "Pragmatic" to Protect the Big Banks?

Is It Politically "Pragmatic" to Protect the Big Banks?

Thursday, 10 June 2010 05:19
That's a question that NPR listeners might ask after being told that the differences between organized labor and President Obama were due to the President's political pragmatism. Many of the differences stem from President Obama's willingness to serve the interests of powerful business groups such as the pharmaceutical industry, the insurance industry, and the big banks. President Obama's positions may be viewed as politically "pragmatic" in that these are very powerful interests who can badly hurt politicians who cross them, but they are not politically pragmatic in terms of being responses to public sentiment. It would have been useful if this report had made that distinction.
Comments (2)Add Comment
i can hear dog whistles
written by frankenduf, June 10, 2010 9:32
also, the meme of 'pragmatism' is underlied by the propaganda against the middle class- that's why raising taxes on people who make over 200Gs (if there are any?) is seen as just another impractical raising of taxes which the american people don't want
written by Joseph Kennedy, June 10, 2010 9:45
Of course, NPR likes to be seen as 'hip', so using the term pragmatic instead of the more precise terms of sucking-up or kissing a## is to be expected.

I still like NPR, but their business and economic reporting is almost always inadequate.

Write comment

(Only one link allowed per comment)

This content has been locked. You can no longer post any comments.


Support this blog, donate
Combined Federal Campaign #79613

About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.