Word: economice
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Option No. 1 is domestic political suicide, and it might not be smart economics either; slashing government spending and raising taxes during a downturn could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a...
More than a year after TARP launched, do you think it's working? -Matthew Thacker, Bowling Green, Ohio I believe it is working very well. Remember, the purpose was to stabilize the financial system. If the system had collapsed, we would have had economic Armageddon.
Already a historic figure on account of his race, Obama would emulate FDR by raising first a nation's spirits and then its economic indexes. By restoring the tarnished luster of democratic capitalism, the new President would restore to government a credibility undermined by decades of official mendacity and incompetence...
That is not the only difference between then and now. As President-elect, Obama extended to the outgoing Bush Administration a statesmanlike cooperation that was the exact opposite of Roosevelt's politically shrewd distancing of himself from his discredited predecessor, Herbert Hoover. Obama could have scored cheap political points by...
Not only does high unemployment severely hurt our country’s future, but it also hinders our ability to recover from the current crisis due to its effect on the national psyche. As renowned behavioral economist Robert Shiller clearly articulated in a recent New York Times article, for a...