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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
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
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
Grouped Articles
Obama's Infrastructure Plan: More Cash Could Hit the Road
BusinessWeek 09/08/2010
Voters’ Second Thoughts on Hope and Change
New York Times 11/04/2014
It Will Be Years Before Lost Jobs Return -- and Many Never Will
Wall Street Journal 10/05/2009
New York Times 10/06/2009
No Walk in the Park: For Obama One Year Later, It’s the Slog of Governance
New York Times 11/04/2009
Executives Express Caution About Hiring
Wall Street Journal 11/07/2009
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