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Not More of the Same
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John Taylor, says Obama and Alan Krueger (Obama's new head of the U.S. Council of Economic Advisors), said some of the same things in early September, 2011, that were part of Obama's old plan to revive the U.S. economy. And the old plan has failed to produce results. The part that puts construction crews to work on the roads, railways and airports was tried earlier in the stimulus plan. Because of a lack of showel ready projects, and the state governments putting most of the money in their state coffers, this only increased infrastructure by a miniscule 0.05 percent of GDP, according to research by Taylor and John Cogan. Taylor's sees the moves by the Obama administration and the Bernanke Fed as not only being ineffective, but having the opposite effect of lowering investment and consumption demand through increased concerns about the federal debt, another financial crisis or the risk of inflation or deflation. The U.S. private sector has the money to make the investments that create jobs but their concerns have led to holding back. Taylor points to the need for a comprehensive economic strategy to replace these temporary interventions. The debt limit agreement of 2011 is a part of this strategy, and he agrees with reducing spending in a gradual way in a weak economy. The other parts of this strategy he says are entitlement reform, tax reform, regulatory reform, monetary reform, including a reappraisal of the role of government in the economy. This should lead to a more stable and predictable economic environment and reduced uncertainty about the future, which is critical to improving supply and demand.
How the Obama Stimulus and Tax Cuts are being fashioned to get the most punch- 2008-2009
11/25/2008
The tax cuts of $300 billion to business and individuals will form part of the stimulus spending of some $800 billion. The idea is to get the money where its needed to help unemployment and the middle class without wasteful spending.
Grouped Articles
New York Times 09/06/2011
New York Times 02/15/2009
Obama Calls His Budget Needed Change
New York Times 03/01/2009
Can Obama Keep New Jobs at Home?
BusinessWeek 11/25/2008
Jon S. Corzine - A Bold Stimulus Package -- $1 Trillion Bold -- Is Needed
Washington Post 12/24/2008
For Stimulus Plan, Obama Team Weighing 'Green' Jobs vs. Traditional Projects
Washington Post 12/24/2008
The lack of effectiveness of Obama's plan to stimulate hiring by small business with tax credits and loans
12/10/2009
New tax credits announced as part of a second stimulus in December 2009 are seen as being ineffective to get small businesses to hire more people. The lack of access to credit and the lack of confidence in the economy are going to make hiring difficult in 2010 and beyond.
Grouped Articles
New York Times 09/06/2011
Big Banks Cut Back on Loans to Small Business
Wall Street Journal 11/27/2015
Firms Aren't Sold on Jobs Tax Credit
Wall Street Journal 12/10/2009
Few Banks Seek Funds for Small Businesses
Wall Street Journal 03/31/2011
Obama loses bin Laden bounce; Romney on the move among GOP contenders - The Washington Post
Washington Post 06/07/2011
For Small Businesses, Recession Isn't Over
Wall Street Journal 07/06/2011
The Obama administration and cost of jobs created under Stimulus projects, including solar and other energy projects
01/22/2009
Grouped Articles
New York Times 09/06/2011
Obama green-tech program that backed Solyndra struggles to create jobs - The Washington Post
Washington Post 09/15/2011
Wall Street Journal 09/16/2011
Solyndra Told White House in May It Was Healthy
Wall Street Journal 09/16/2011
New York Times 09/23/2011
New York Times 09/24/2011
How only $144 billion of the $825 billion U.S. 2008-2009 Stimulus adds value to the economy, the rest increases U.S. Debt
01/16/2009
As much as the Stimulus was needed a lot goes to stabilize the economy and shore up the banking system, only a small portion 17% goes into productivity increasing improvements. The rest increases the nation's debt which has implications for the future in terms of austerity measures to reduce debt to GDP ratios. These future costs are all part of the costs of the bubble and financial crisis.
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
New York Times 10/10/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Wall Street Journal 01/16/2009
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
The 2008-2009 U.S. Stimulus and solar energy projects
01/16/2009
Grouped Articles
New York Times 09/06/2011
Wall Street Journal 09/09/2011
White House pushed $500 million loan to solar company now under investigation - The Washington Post
Washington Post 09/14/2011
Obama green-tech program that backed Solyndra struggles to create jobs - The Washington Post
Washington Post 09/15/2011
Wall Street Journal 09/16/2011
Solyndra Told White House in May It Was Healthy
Wall Street Journal 09/16/2011
Impact of U.S. Stimulus spending
01/16/2009
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
New York Times 08/08/2010
New York Times 10/10/2010
The Obama Stimulus Impact? Zero
Wall Street Journal 12/09/2010
Wall Street Journal 09/08/2011
Solyndra management, lobbying, loan guarantees and waste in U.S. stimulus spending
01/16/2009
Grouped Articles
New York Times 09/06/2011
Wall Street Journal 09/16/2011
Dark Times Fall on Solar Sector
Wall Street Journal 12/27/2011
Solyndra employees: Company suffered from mismanagement, heavy spending - The Washington Post
Washington Post 09/22/2011
Wall Street Journal 09/24/2011
New York Times 09/23/2011
Shadow Fed chairman John Taylor
01/20/2011
Taylor provides advice on the Romney Plan.
Grouped Articles
John Taylor: The Republicans' Shadow Fed Chairman
BusinessWeek 01/20/2011
Wall Street Journal 06/27/2011
New York Times 09/06/2011
Stimulus Has Been a Washington Job Killer
Wall Street Journal 10/03/2011
Greenspan image tarnished by newly released documents - The Washington Post
Washington Post 01/13/2012
Wall Street Journal 01/25/2012
Raghuram Rajan on the risks to the U.S. economy and society before the 2008 financial crisis
01/02/2009
Is Bernanke making the same mistake made by Greenspan by keeping interest rates too low for too long. Would a stronger safety net in the US ease pressures on the US Federal Reserve to do excessive monetary easing and instead allow the Fed to let a more natural rise in employment take place? He isn't ideological and joins John Taylor, George W Bush's economic advisor, and Allan Meltzer of Carnegie-Mellon, in questioning Bernanke's excessive monetary easing. In 2005, Rajan was prescient in questioning the Greenspan Fed's policies and the risks from excessive leveraging in the financial system at the Jackson Hole conference.
Grouped Articles
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
Interest Rates: The Zero Percent Solution
BusinessWeek 08/25/2010
BusinessWeek 11/04/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Charting the Economic Fault Lines
BusinessWeek 02/10/2011
Wall Street Journal 02/05/2011
U.S. economy- 2011-2013
02/03/2011
The U.S. economy upswing after quantitiative easing (QE II) steps taken by the Federal Reserve.
Grouped Articles
Wall Street Journal 04/28/2013
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
Wall Street Journal 08/01/2013
In Surprise, Fed Decides to Maintain Pace of Stimulus
New York Times 09/18/2013
That 2014 Growth Breakout? Not Looking Likely
Wall Street Journal 03/02/2014
Structural solutions for U.S. jobs growth and economic growth- 2011-2020
01/04/2010
Michael Spence and other experts discuss longer term solutions to the high unemployment facing the U.S.
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Why the Old Jobs Aren't Coming Back
Wall Street Journal 06/24/2011
Middle-Aged Job Hunters Struggle in Weak Recovery
Wall Street Journal 07/30/2011
Stimulus spending and other investments in education under the Obama administration.
01/22/2009
Large investments in education under the Obama administration.
Grouped Articles
New York Times 09/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
Stimulus Plan Would Provide Flood of Aid to Education
New York Times 01/28/2009
Trimmed Bill Still Offers Vast Sums for Education
New York Times 02/10/2009
For Education Chief, Stimulus Means Power, Money and Risk
New York Times 02/17/2009
U.S. to Nation’s Schools: Spend Fast, Keep Receipts
New York Times 03/09/2009
The Obama White House and the investigation into the half a billion dollar loan to Silicon Valley solar company Solyndra
01/16/2009
Solyndra collapsed in mid 2011. U.S. taxpayers will bear losses on the loan supported by the Obama White House. The cost of jobs created in the U.S. with Stimulus money.
Grouped Articles
New York Times 04/13/2013
New York Times 09/06/2011
White House pushed $500 million loan to solar company now under investigation - The Washington Post
Washington Post 09/14/2011
Obama green-tech program that backed Solyndra struggles to create jobs - The Washington Post
Washington Post 09/15/2011
Obama administration e-mails: Giving more taxpayer money to Solyndra was risky - The Washington Post
Washington Post 09/16/2011
Wall Street Journal 09/16/2011
The Failure of Infrastructure Building under the Obama administration.
10/21/2008
Only a small portion- about one fifth according to one estimate- of the $787 Stimulus Bill was actually allocated for infrastructure building. And in some cases such as high speed rail only $8 billion was allocated, clearly insufficient to build a high speed rail system in te USA. And public perception is that infrastructure allocation has already taken place, so it has ceased to be a priority even though the nation's infrastructure needs rebuilding.
Grouped Articles
New York Times 09/06/2011
A Slowdown on the Road to Recovery
Wall Street Journal 10/14/2013
Obama's Infrastructure Plan: More Cash Could Hit the Road
BusinessWeek 09/08/2010
Infrastructure spending: False expectations
Economist 10/23/2010
Obama Successes Outweighed by Job Losses
New York Times 10/26/2010
Pitch for Rebuilding Infrastructure Carries Political Challenges
New York Times 01/24/2011
U.S. Stimulus spending and meeting long term sustainability goals and short term job goals.
12/24/2008
Reconciling short term job goals and longer term goals to build an America in which we live and work with sutainability in mind for a global economy/ and build education and infrastructure to compete in a global economy.
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 08/08/2010
Obama Calls for $50 Billion Public Works Plan
New York Times 09/06/2010
Obama's Infrastructure Plan: More Cash Could Hit the Road
BusinessWeek 09/08/2010
Unemployment in Europe, Japan and the USA. Stimulus measures in the U.S. and safety nets in Japan and Europe: 2008-2010
01/05/2007
How safety nets in Japan and Europe do what the stimulus helps to do in the USA. Coping with high unemployment.
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
New York Times 10/10/2010
New York Times 10/30/2014
The gap between stimulus money infrastructure spending timelines in the U.S. and China and France- 2009-2012
01/22/2009
China moved the fastest, the USA very slowly, with two different political systems and sense of crisis, and infrastructure project speed capabilities. The French also moved quickly. Of $37 billion in spending for infrastructure stimulus, about 75% will be completed in 2009. India is slow but France's experience shows democratic governments or political systems are not necessarily the cause of slow execution.
Grouped Articles
New York Times 09/06/2011
Wall Street Journal 05/29/2013
Economist 05/07/2009
France, Unlike U.S., Is Deep Into Stimulus Projects
New York Times 07/07/2009
Lots of Stimulus Money and Concerns About Where to Put It to Work
New York Times 10/23/2009
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
What Krugman makes of the one trillion dollar U.S. deficit in 2012 and the alternate view of John Taylor on the U.S. deficit
08/22/2010
Krugman says $1.089 trillion to be exact for the fiscal year ending in Sept. 2012. He gives the 400-450-150 formula to understand what this means in simple terms. The debt would still be stable or declining as a ratio of GDP at $400 billion because of steady GDP growth. He cites the example of the period when debt to GDP declined from 49% to 33% because of steady growth during the Clinton years (1992-2000) even though Clinton started out in 2000 with a deficit. The $450 billion is from lower tax payments because of the 2008 economic crisis followed by recession which would be reversed with restored GDP growth. The $150 billion is from payments such as unemployment insurance, food stamps, to cushion the effects of that crisis and the recession, which would be reversed with restored economic growth.
Grouped Articles
New York Times 09/06/2011
New York Times 09/08/2013
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
New York Times 10/10/2010
Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
Dollar’s Rise Poses Risk for Fed Plans
Wall Street Journal 01/27/2016
John Taylor and other experts on the U.S. budget, deficits, and private investment for jobs
01/27/2009
Taylor asks why the U.S. cannot get by on a budget that is 20% of GDP, when this is what the budget was in 2007 and GDP is much larger today. He says private investment can do a better job reducing unemployment and creating a growing U.S. economy. Taylor provides advice on the Romney Plan.
Grouped Articles
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Obama's Permanent Spending Binge
Wall Street Journal 04/22/2011
Five Lessons for Deficit Busters
Wall Street Journal 06/20/2011
Wall Street Journal 06/27/2011
Charlie Rose Talks to Robert Rubin
BusinessWeek 08/04/2011
Washington Post 08/07/2011
Alan Krueger, head of the Council of Economic Advisors, under U.S. President Obama
10/21/2010
Princeton economics Professor and colleague of Paul Krugman, is the new head of the Council of Economic Advisors in September 2011. He was Assistant Secretary of the Treasury under Treasury Secretary, Timothy Geithner.
Grouped Articles
Obama to Name Furman To Run Economic Council
Wall Street Journal 05/29/2013
Furman Is Expected to Lead Council of Economic Advisers
New York Times 05/28/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Washington Post 09/06/2011
Obama ratings sink to new lows as hope fades - The Washington Post
Washington Post 09/06/2011
Strategies for U.S. economic growth 2011-2014
07/30/2011
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
'Secular Stagnation' May Be for Real
Wall Street Journal 08/27/2014
World War II Stimulus and the Postwar Boom
Wall Street Journal 07/30/2011
New York Times 09/06/2011
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
The U.S. economy and the presidential election of 2012
06/07/2011
Increasing perception among voters that Obama is doing poorly in his handling of the economy.
Grouped Articles
Obama loses bin Laden bounce; Romney on the move among GOP contenders - The Washington Post
Washington Post 06/07/2011
Obama to Lose Top Economic Adviser
Wall Street Journal 06/07/2011
Barack Obama and the Republicans: A beatable president
Economist 06/11/2011
Job Picture Set to Test Obama in Key States
Wall Street Journal 06/11/2011
Why Obama Is Likely to Lose in 2012
Wall Street Journal 06/22/2011
Wall Street Journal 07/13/2011
Stanford's John Taylor, Yale's Robert Shiller and other experts provide different proposals for U.S. job growth
09/06/2011
Proposals for reducing U.S. unemployment in 2012-2014 from experts with different perspectives of how the U.S. economy functions.
Linked Articles
Long-Term Unemployment Carries Risks for U.S.
New York Times 11/26/2011
New York Times 09/06/2011
Reviving the U.S. economy with reduced uncertainty and private investment (1)
09/06/2011
Linked Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
The Romney plan for job creation in the U.S. through private investment in a climate of reduced uncertainty
09/06/2011
A new Romney administration would create 2.3 million jobs in 18 months according to Romney economc advisor Glenn Hubbard.
Linked Articles
Glenn Hubbard: The Romney Plan for Economic Recovery
Wall Street Journal 08/01/2012
New York Times 09/06/2011
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