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From President Obama, Economic Clarity but Little Courage
Keywords:
Tags: Early Warning, United States,
Washington Post editorial on the Obama Georgetown speech of April 13, 2009. It questions whether President Obama has the candour and courage to tackle the tough issues of deficit reduction and entitlement reform. New healthcare spending for coverage itself will add to entitlement, and it says some of the savings mentioned by the President are phony or already needed for new spending for the economic recovery and health care. At the same time the paper gives Obama good marks for his clarity and grasp of the crisis and steps for recovery, and the policy agenda in the areas of health care, energy and education. The questions about courage and candor also raise all the questions about facing upto the facts about insolvent banks that Krugman, Rosenfeld, the Economist and others have raised. Is Obama dodging the hard choices, is he dithering? On the toughest issues like foreclosures, insolvent banks, global regulation pushed by the Europeans, will he end up making inadequate or faulty choices, and when he comes around to making the tough choices, will he have lost so much valuable time as to prolong the crisis and stretch it out to many years.
President Obama and the limits of speechmaking as realities of war and deficits and the jobless sink in.
04/15/2009
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From President Obama, Economic Clarity but Little Courage
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Theodore Roosevelt's speech in Osawatomie, Kansas, in 1910, and the Obama speech in 2011.
01/18/2009
T.R.'s speech set the nation on a course that would create the modern social and economic fabric we have today. Obama's speech lacked much of the deep insight, far reaching themes, persuasion and appeal showed by T.R.
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Obama, Empathy and the Midterms
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From President Obama, Economic Clarity but Little Courage
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From 1889 to 2014, Political Parallels Abound
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The Rough Rider and the Professor
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Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
01/02/2009
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
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Washington Post 09/06/2011
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A Toxic Subprime Mortgage Bond's Legacy Lives On
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Plunge in Home Sales Stokes Economy Fears
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Charlie Rose Talks to Robert Reich
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Mian and Sufi show negative effects of the lack of a comprehensive plan that included homeowner rescue of the Obama-Bernanke Financial Rescue in 2008-2011
04/15/2009
Professors at Princeton and the University of Chicago have demonstrated through their research that the lack of a comprehensive plan providing siginificant efforts to help homeowners has hurt the U.S. economy in the long run and delayed a recovery. With the middle class already reeling under one trillion dollars of student debt, high unemployment, stagnant wages, and retirees facing interest rates near zero, a weakened middle class was further affected by the lack of strong efforts on the homeowner side to balance aid to banks. This makes a consumer driven recovery that much more difficult and prolongs the pain.
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The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
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The Ripple Effects of Rising Student Debt
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From President Obama, Economic Clarity but Little Courage
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The first year of the Obama administration and the global financial crisis of 2008
04/06/2009
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From President Obama, Economic Clarity but Little Courage
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Failure to stem foreclosures under the Obama administration continues inaction under Bush administration.
08/24/2007
The failure of the Obama administration to break the cycle of foreclosures begetting falling house prices begetting more foreclosures, further weakening the banks and the economy, with strong action. It continues the missteps of the Bush period and may undo much of the good work in other areas such as stimulus, restructuring the auto industry and new priorities. Inaction here is coupled with inaction in relation to insolvent banks and is likely to prove costly.
Grouped Articles
New York Times 07/17/2011
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Fannieâs and Freddieâs Foreclosure Oversight Questioned
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The Case Against the Bernanke-Obama Financial Rescue
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The French health care system and its costs, comparison with the American system of health care.
06/28/2007
The rising costs of the French system and its concept and performance. Efforts to meet rising costs and rise of the "mutuals." Healthcare in France is at about 11% of GNP compared to 16% in the USA, with 50 million uninsured in the US and 99% of 64 million people of France covered. Pricing of pharmaceutical products and healthcare services remains a major unsolved problem in the U.S.
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The Soaring Cost of a Simple Breath
New York Times 10/12/2013
New York Times 12/21/2013
The French Lesson in Health Care
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New York Times 07/14/2007
In Holland, Some See Model For U.S. Health-Care System
Wall Street Journal 09/06/2007
Maker of Lipitor Digs In to Fight Generic Rival
New York Times 11/03/2007
U.S. president Obama's Georgetown University speech April 13, 2009, outlining his approach to tackle the global financial crisis and America's challenges
04/14/2009
Grouped Articles
BusinessWeek 04/14/2009
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
Joseph Stiglitz on U.S. president Obama and Treasury Secretary Geithner's policies favoring banks in the 2008 global financial crisis
04/01/2009
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New York Times 04/01/2009
Geithner's Plan: Loopholes Galore
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Book Review: 'Stress Test' by Timothy F. Geithner
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Treasury Chief Says He’s Open to Ousting Heads of Frail Banks
New York Times 04/06/2009
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Looking back: An assessment of the management of the U.S. economy in Obama's first term 2008-2012
03/11/2009
Why were significant resources not invested to aid homeowners under water just as resources were provided to the auto industry? And why was there a lack of focus on unemployment in this period? The challenges were difficult but did the Obama administration do what could have been done. The auto industry bailout was an easy call considering Obama's commitment to increasing fuel efficiency during his days in Congress. Housing was a tougher call with bankers cautious and influencing policy, yet even Republicans Martin Feldstein and Sheila Bair were calling repeatedly for strong action. Tackling housing first and healthcare later after economic recovery, is likely to have produced better results, credibility for the administration, and a broad consensus in the U.S.
Grouped Articles
Washington Post 09/06/2011
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U.S. Remaining Stake in General Motors
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Auto Makers Rebound as Buyers Go Big
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Charlie Rose Talks to Robert Reich
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Obama, Geithner Get Low Grades From Economists
Wall Street Journal 03/11/2009
U.S. president Obama and handling of the 2008 global financial crisis
02/15/2009
Grouped Articles
New York Times 02/15/2009
New York Times 02/15/2009
In Gingrich Mold, a New Voice for Solid Resistance in G.O.P.
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Obama Calls His Budget Needed Change
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Tomorrow's Recession Recovery Is Today's History Lesson
Wall Street Journal 03/03/2009
Martin Feldstein on the risks for the American Economy after failures in the Obama Economic plan.
09/12/2007
Failures to address problems on the housing front, especialy the problems for 15 million homeowners under water- see the links to opeds by Feldstein suggesting focus on these issues throughout 2008-2009. And the focus on health care which diverted attention from this problem and the problem facing bad loans in commercial real estate. Other problems are failure to get bank lending up for businesses. And the failure of Obama health care plans to control the increase in the nation's surging health care spending, instead increasing the deficit to unsustainable levels. Public sentiment as shown in WSJ/NBC polls confirm Feldstein's sense of the situation.
Grouped Articles
New York Times 12/08/2013
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
Wall Street Journal 09/12/2007
How to Stop the Mortgage Crisis
Wall Street Journal 03/07/2008
Wall Street Journal 02/20/2008
Enough With the Interest Rate Cuts
Wall Street Journal 04/15/2008
The homeowner lending boom pushed by unscruplous elements turns out to be a scourge for minorities.
10/11/2007
HUD Sec. Shaun Donovan calls the subprime lending a scourge for minorities, as foreclosures are hitting the minority neighborhoods the hardest. It may even widen the disparity in incomes between minorities and whites as the middle class black homeowners in places like New York State are losing ground.
Grouped Articles
Racial Wealth Gap Widened During Recession
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What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
New York Times 05/19/2014
Edmund Phelps, Nobel winner 2006, on what capitalism really is, and Obama's speech at Georgetown on its current crisis.
04/15/2009
Phelps gives alucid and admirable description of what capitalism is and what it is not, and how best to understand it and employ it.
Linked Articles
Uncertainty bedevils the best system
Unknown 04/15/2009
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
WPost editorial thinks Obama's speech at Georgetown scored well on clarity and grasp of facts, but poorly on candor and courage to address entitlement reform.
04/14/2009
The WPost editors agree that defict reduction and entilement reform are a hard sell for the President, whereas the rest of his agenda can sail through a Democratic Congress. It asks the question, is the President dodging the tough choices?
Linked Articles
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
BusinessWeek 04/14/2009
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