Word: okun
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...observer than in some objective measure. Republican Alan Greenspan, chairman of Ford's Council of Economic Advisers, believes that Burns "has done an extraordinarily effective job, especially in the economic and political environment of the last several years." On the other hand, Brookings Institution Economist Arthur Okun, a liberal Democrat who was Lyndon Johnson's chief economist, assesses Burns' performance harshly: "There is no way to exonerate monetary policy from the disastrous economic performance of the last six years." It is a measure of the Chairman's skill as a Washington power and survivor that...
...consultant who was President Ford's staunchly conservative chairman of the Council of Economic Advisers, pronounced himself "probably the happiest of all the board members" with Carter's economic policies; no one disagreed. On the other hand, Democrats Walter Heller of the University of Minnesota and Arthur Okun of the Brookings Institution, who usually back each other up, fell into some good-natured jousting over the wisdom of Carter's dropping the tax rebate. After Okun defended the shift...
Heller remarked: "Now that we have heard from the conservatives, we can hear from a liberal." Replied Okun: "I'm waiting to hear what justification Walter comes up with...
...result, most members forecast that the unemployment rate, now at 7%, will by year's end decline to about 6.5%, the lower end of the Administration's target range. Okun noted with satisfaction that in the last eight months of 1976 the economy was creating an average of 125,000 new jobs a month, while in the first four months of this year the rate has speeded up to 325,000. Said Joseph Pechman, director of economic studies at Brookings: "The rest of the year...
...Even so, Okun believes the program is essential if the nation is to have "insurance against an energy catastrophe. The question now is whether the American people will have enough maturity to act before the crisis hits...