While the political rhetoric spews and folks decide their religion, some of us are looking at the policy beneath. People, it ain't pretty. It appears we have more of the talkin' the talk instead of walkin' the walk rhetoric and the keyword change is now redefined to mean status quo

Obama's Economic Advisers

• Austan Goolsbee: U. of Chicago neoclassicist and “single payer universal health care critic claiming "it doesn't follow free market principles"
• David Cutler: Harvard economist who believes that high health costs are good for the economy
• Jeffrey Liebman: another Harvard economist and former Clinton adviser who favors privatizing social security

From Real Clear Poliitics

Goolsbee, however, says globalization is responsible for "a small fraction" of today's income disparities. He says "60 to 70 percent of the economy faces virtually no international competition." America's 18.5 million government employees have little to fear from free trade; neither do auto mechanics, dentists and many others

So is that to imply that 40% to 30% Americans being negatively affected by globalization is ok? and yes we are offshore outsourcing state and government jobs. Remember Alan Blinder projects that 40M US jobs are vulnerable to global labor arbitrage (offshore outsourcing). I'll assume wage stagnation is being ignored as well in this above quote.

The Nation's article Subprime Obama points out:

The House of Representatives Democratic Caucus released the below summary table to the press. This economic summary on the major economic indicators of the last 7 years deserves reposting. That said, the title should read Corporate lobbyists policy and legislation, the real Economic performance. One must note that Democratic leadership is pushing for more bad trade deals, more guest worker Visas and enabling more offshore outsourcing as well. If you notice in the Presidential campaigns, a dramatic and much needed strategic change in trade, fiscal and labor policy is not discussed. One might get the token "labor and environmental standards" sound bytes without nary a question on the reality those cannot be enforced in other nations. Both administrations in the last 15 years had bubble economies, the dot con and now the housing bubble.