World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Missing the Target
Keywords:
Feldstein points out that Obama economic plans missed the real target, which was on the home front where it came down to addressing the problems of 15 million homeowners under water- with mortgages exceeding the value of their homes- and lack of solutions to deal with the $1.5 trillion in troubled commercial real estate loans. Administration plans really did not help more than a couple of hundred thousand homeowners to reduce their monthly mortgage payments. Getting banks to start lending again by selling impaired loans to nonbank investors, also failed to work, as banks were reluctant to do so and reduce their accounting capital. Health care legislation simply distracted attention from the real problems. See the links to Feldstein's repeated insistence that the new administration (and even during the late stages of the Bush administration) focus on these problems. Health care legislation that passed simply would not control the increase in health care spending, that the public correctly perceived as the real problem if the other health care issues were to be resolved. Instead Obama's health care legislation offered to increase the deficit to unsustainable levels, with no solutions to more pressing home front problems in sight. Feldstein, is one of the most eminent US economists.
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
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.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
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
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Auto Makers Rebound as Buyers Go Big
Wall Street Journal 01/04/2014
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Obama, Geithner Get Low Grades From Economists
Wall Street Journal 03/11/2009
Policy errors and lack of focus on unemployment and the economy of the Obama administration
04/04/2009
The focus on health care reform comes at the wrong time when when the U.S. economy and high unemployment were priorities that needed attention, say experts. Feldstein points elsewhere to the lack of attention to the housing crisis and reducing foreclosures through homeowner assistance. These errors of the Obama administration increased business uncertainty in the U.S. just as the eurozone crisis worsened.
Grouped Articles
Washington Post 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Geithner's Bank Plan Is a Good Start
Wall Street Journal 04/04/2009
Uncertainty and the Slow Recovery
Wall Street Journal 01/04/2010
Roseland, Where Obama the Politician Was Born
New York Times 08/15/2012
Washington Post 08/17/2012
Joseph Stiglitz on the way the Obama administration handled the economy and his vision for the future.
01/23/2008
A squandered opportunity says Stiglitz of Obama's handling of the economy. He presents his vision and solution and action plan.
Grouped Articles
Washington Post 09/06/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
New York Times 04/01/2009
Voters’ Second Thoughts on Hope and Change
New York Times 11/04/2014
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
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
Skepticism about the long term benefits of the Obama Economic Plan for 2011-2012
01/20/2010
Grouped Articles
Washington Post 09/06/2011
Washington Taxes Own Credibility
Wall Street Journal 12/16/2010
Obama loses bin Laden bounce; Romney on the move among GOP contenders - The Washington Post
Washington Post 06/07/2011
Obama and the 'Competency Crisis'
Wall Street Journal 08/25/2011
Wall Street Journal 12/27/2011
White House Looks to Shrunken 2012 Legislative Agenda
Wall Street Journal 12/31/2011
Foreclosures and the U.S. housing market in 2012-2013
01/20/2010
Grouped Articles
Wall Street Journal 05/02/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Outlook for Home Prices Grows Darker
Wall Street Journal 06/23/2010
Wall Street Journal 12/31/2013
Mortgage Troubles Near Prerecession Levels
Wall Street Journal 02/21/2014
U.S. unemployment and foreclosures- 2011-2012
05/04/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
What health care experts like the Dean of Harvard Medical School say about the Health Care Reforms in Congress.
03/05/2009
Give it an "F" grade says Jeffrey Flier. It doesn't do much to control skyrocketing costs or to improve quality of care. Worse still its disingenous, as Congressmen are pretending to the public that reform has happened when it certainly has not.
Grouped Articles
Health Care: Obama's Budget Skimps on Cost-Cutting
BusinessWeek 03/05/2009
Health-Care Reform: Who Pays Is So Taboo
BusinessWeek 05/20/2009
The Family Doctor: A Remedy for Health-Care Costs?
BusinessWeek 06/25/2009
Opportunities in the Obesity Epidemic
BusinessWeek 09/01/2009
Health Care: Lessons for America
BusinessWeek 08/13/2009
Who Picks Up the Tab for Health Reform
BusinessWeek 10/22/2009
Martin Feldstein and the mortgage crisis 2009-2010.
09/12/2007
See the solutions suggested by Feldstein to the crisis in a series of articles.
Grouped Articles
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 Problem Is Still Falling House Prices
Wall Street Journal 10/04/2008
Martin Feldstein - The Stimulus Plan We Need Now
Washington Post 10/30/2008
Analysis by The Economist and other expert opinion in 2010 of the economic prospects for Europe and the U.S.
01/11/2010
The Economist looks at the near term trends- unemployment not down as much in Britain in August and consumer spending holding up in Britain- as evidence a recovery is looming. And it cites the Suppy Managment Index up slightly in the US. Most other experts see a difficult situation in 2011 as the stimulus fades and local governments cut back- economists such as Stiglitz, Shiller, Krugman, Feldstein and others, and businessmen like Malone.
Grouped Articles
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
Wall Street Journal 04/26/2015
The world economy: The odd decouple
Economist 09/04/2010
The U.S. Economy: Stuck in Neutral
BusinessWeek 10/14/2010
BusinessWeek 10/14/2010
America's economy: Not by monetary policy alone
Economist 10/28/2010
Martin Feldstein and other experts renew their call to stem the decline in house prices with a new policy for homeowners under water - 2010-2012
01/05/2009
The cost would be an estimated $350 billion to cancel some of the mortgage debt of homeowners. Feldstein says this is a necessary step to revive the U.S economy. Letting the forest fire of foreclosures burn itself out would damage the U.S. economy further. Feldstein says this is not an option.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
How to Stop the Drop in Home Values
New York Times 10/12/2011
Stiglitz and Zandi offer a solution to the housing and foreclosure crisis that has stalled the economy
01/23/2008
The proposal for mass mortgage refinancing by Stiglitz and Zandi in August 2012. Obama administration efforts have failed to tackle the foreclosure crisis. Earlier proposals by Martin Feldstein and by Sheila Bair have largely been ignored by the Obama administration as housing problems continue to affect the economic recovery.
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Wall Street Journal 12/31/2013
New York Times 04/01/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Wall Street Journal 04/26/2015
The One Housing Solution Left: Mass Mortgage Refinancing
New York Times 08/12/2012
Stiglitz on Romney, Obama and the presidential election of 2012
01/14/2010
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Wall Street Journal 04/26/2015
Some Are More Unequal Than Others
New York Times 10/26/2012
The Meltdown According to Stiglitz
BusinessWeek 01/14/2010
Wall Street Journal 01/20/2010
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.
Grouped Articles
Obama, Empathy and the Midterms
New York Times 09/25/2010
New York Times 10/31/2010
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
From 1889 to 2014, Political Parallels Abound
Wall Street Journal 07/08/2014
The Rough Rider and the Professor
New York Times 12/08/2011
Washington Post 12/22/2011
Failure of Obama's plan for helping homeowners facing foreclosure in 2009-2010
06/12/2009
Failure of the Making homes Affordable plan announced by the Obama administration in early 2009. Only 2000 of 500,000 loan modification applications in progress in October under this program have become permanent according to a Congressional oversight panel.
Grouped Articles
New York Times 07/17/2011
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 05/19/2014
Wall Street Journal 07/29/2015
Foreclosures and unemployment in the U.S.
05/04/2009
The Obama administration foreclosure relief programs were designed for subprime lending situations and not for the high unemployment. As a result few unemployed homeowners have benefitted.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Cochrane on the Obama Health Care Law (Affordable Care Act) and why it does little to resolve the problem of pricing in U.S. healthcare
01/20/2010
Grouped Articles
The Soaring Cost of a Simple Breath
New York Times 10/12/2013
Uninsured Skeptical of Health Care Law in Poll
New York Times 12/18/2013
New York Times 12/21/2013
Rising Rates Pose Challenge to Health Law
Wall Street Journal 11/19/2015
What to Do on the Day After ObamaCare
Wall Street Journal 04/03/2012
AMA Supports Training More M.D.s
Wall Street Journal 04/12/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us