Advertisement

November 7, 2009

This Is Obama's Economic Crisis Now

Charles Blow, New York Times

Send to a Friend

What a difference a year makes.

Charles M. Blow

In October 2008, the candidate Barack Obama delivered a major economic speech in Toledo, Ohio. In it he said: “Right now, we face an immediate economic emergency, and that requires urgent action. We can’t wait to help workers and families and communities who are struggling right now — who don’t know if their job or their retirement will be there tomorrow; who don’t know if next week’s paycheck will cover this month’s bills. ... We need to pass an economic rescue plan for the middle-class, and we need to do it not five years from now, not next year, we need to do it right now.

“So today I’m proposing a number of steps that we should take immediately to stabilize our financial...

Read Full Article ››

TAGGED: economy, obama, Charles Blow

RECOMMENDED ARTICLES

May 9, 2012
Is An Obama Re-Election Good For Stocks?
Steven Russolillo
TwitterDiggMajor indexes are getting whacked today, with the S&P 500 hitting a two-month low, as Europe rears its ugly head again.There are a mountain of worries that investors are currently grappling with. Concerns over... more »
May 15, 2012
Barack Obama, The Great Deceiver
Yves Smith, Naked Capitalism
Barack Obama swept into office on a tide of giddy enthusiasm. His "Hope and Change" was a pledge to reverse Bush era policies, including socialism for the rich, adventurism in the Middle East, and attacks on civil... more »
May 8, 2012
There's No Need to Fear the Anxiety Economy
Derek Thompson, Atlantic
I want a wantologist. On Sunday, I learned that a "wantologist" -- what, you don't have one? -- is somebody paid to figure out what you want. Arlie Russell Hochschild, writing in the New York Times, quotes Katherine Ziegler,... more »
May 9, 2012
Limiting Inflation Means Limiting Growth?
Mark Thoma, Fiscal Times
At some point during the recovery, the Fed may face an important decision. If the inflation rate begins to rise above the Fed's 2 percent target and the unemployment rate is still relatively high, will the Fed be willing to leave... more »
May 7, 2012
Consumers Cutting Back? Are You Kidding?
Peter Coy, BusinessWeek
Conventional wisdom says the economy is weak because consumers, constrained by excessive debt, are cutting back. That is wrong on two counts. I have a chart for each. more »