Not Doing Enough: Why I worry that Obama doesn't realize just how bad things are. by John B. Judis. Friday, January 09, 2009

News Type: Opinion — Seeded on Fri Jan 9, 2009 9:22 AM EST

Article Source: The New Republic

politics, barack-obama, imf, international-trade, high-speed-rail, economic-agenda, bretton-woods-agreement

Does Barack Obama understand the seriousness of the economic crisis? Yesterday, he laid out his economic agenda, and it was filled with all sorts of important exhortations and proscriptions. He appropriately condemned the "anything goes" policies of the last administration. He declared that government is now the solution to our woes, not the problem. Still, I worry that the president elect is underestimating the problem he and the country faces.

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{"commentId":4729243,"authorDomain":"LarryH"}

Larry H-189743

Economic downturn?The author discusses two topics:

Invest in two high-speed rail lines, Boston to Washington and Los Angeles to San Francisco!

Reform the reform of the 1945-1971 Bretton Woods Agreement to deal with the trade surpluses of China and Japan and the trade deficit of the USA and use the IMF.

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#1 - Fri Jan 9, 2009 9:27 AM EST

{"commentId":4730380,"authorDomain":"b-shaughnessy"}

More Than Happy

But to reverse to current economic collapse, the new administration may have to go even farther than this in the direction of a fiscal equivalent of war

I agree, the penalty for falling short could be catastrophic and should be respected as such. However, I think Obama isn't even in office yet, and what he has released is a first-draft proposal of what could happen. Things will change.

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#2 - Fri Jan 9, 2009 10:32 AM EST

{"commentId":4730408,"authorDomain":"LarryH"}

Larry H-189743

I would call President-elect Obama's speech yesterday, 1-8-09, on the need for an economic stimulus the "Raisin in the Sun" speech in deference to Langston Hughes' poem.

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1 vote

#3 - Fri Jan 9, 2009 10:33 AM EST

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LARRY H-189743

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Not Doing Enough: Why I worry that Obama doesn't realize just how bad things are. by John B. Judis. Friday, January 09, 2009

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