Tag Archives: stimulus

The Economics of Barack O’Hoover

Obama’s Belief in the Market Economy By Paul Street Counterpunch, August 15, 2011 Pity the poor, powerless, increasingly unpopular president – a pitiful pawn of the plutocrats and the profits system he has done so much to serve and protect.  Nearly five years ago, in the misleadingly titled book that pre-announced the launching of his presidential candidacy, Barack Obama grounded the United States’ supposed distinctive “greatness” in ... Read more

The history lesson Obama has ignored

Obama has made the same mistake as FDR, turning his back on Keynesian economics. And we’ll all pay dearly for it By David Woolner New Deal2.0, August 3, 2011 Wikipedia Former president Franklin Delano Roosevelt “The economic experiments of President Roosevelt may prove, I think, to be of extraordinary importance in economic history, because for the first time — at least I cannot recall a comparable case — theoretical ... Read more

Deficit Debates vs. Jobs Report-Left Hook and Right Cross to the US Economy

By Jack Rasmus July 27, 2011 COMMENTARY: While everyone is focusing on the August 2 debt ceiling default deadline looming behind the current deficit cutting debates in Congress, the real blow to awareness how weak the US economy is today may come with the date of August 6 quickly to follow. That’s when the July jobs report is released. July and certainly August reports will reveal the depth of the deteriorating jobs crisis that this writer ... Read more

States That Cut The Most Spending Have Lost The Most Jobs

By Adam Hersh Think Progress, June 27, 2011 There’s a new cult of economic thought sweeping the nation — or at least many Republican (and even some Democratic) political circles. Its adherents cling to the erroneous belief that sharp government spending cuts will revitalize economic growth and create much needed new jobs Speaker of the House John Boehner (R-OH) is an ardent follower of this Cut-Grow cult, as are a number of high profile ... Read more

Austan Goolsbee: It’s Now Up to the Private Sector

Economists View June 05, 2011 Scarecrow is unhappy. As you read this, remember that the administration has been seeing green shoots just around the corner for some time now, and using this to argue against taking action on the unemployment problem: Scarecrow’s Nightmare: Austan Goolsbee Defends President Romney’s Economic Plan, by Scarecrow: If I’d been asleep for the last decade and woke up to ABC This Week’s interview of Presidential ... Read more

White House Economic Adviser Austan Goolsbee Defends Clever Strategy of Putting Cart Before The Horse

By Susie Madrak Crooks and Lians, June 5, 2011 Tracking the U.S. economy these days is like watching the Titanic go down, except the crew members are running around the deck, waving their arms and saying, “Everything’s fine, don’t panic! Everybody back to the all-you-can-eat buffet!” On This Week with Christiane Amanpour, White House economic adviser Austan Goolsbee insists this is not a jobless recovery and ... Read more