usnews.com - 1/8/2009
—
The next president shouldn't count on voter patience or his ability to blame Bush.
heritage.org - 1/7/2009
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heritage.org —
The new Administration and new Congress are developing
a stimulus program to soften the recession and accelerate...
the recovery. Given the high level of economic pain, policymakers need to pursue stimulus policies that work.
(more)
Economic Recovery: How Best to End the Recession
forbes.com - 1/13/2009
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forbes.com —
Friday's jobs report was awful, but contrary to
popular belief does not signal the death of the...
consumer. This notion--that fewer people working means less consumption--has become conventional wisdom. And those who believe this think government ...
(more)
The Most Intense Period Of The Recession Is Behind Us
marketwatch.com - 1/8/2009
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marketwatch.com —
WASHINGTON (MarketWatch) -- The U.S. recession will last
two full years, with gross domestic product falling a...
cumulative 5%, said Nouriel Roubini, chairman of RGE Monitor. Roubini was one of the first economists to predict the recession and the ...
(more)
Roubini forecasts recession will last 2 years
Comments
Blog Reactions
JAMES PETHOKOUKIS: Why Obama Will ‘Own’ the Recession….
Instapundit —
JAMES PETHOKOUKIS: Why Obama Will ‘Own’ the Recession.
Blame For the Financial Meltdown Heaped On Democrats
Gateway Pundit —
... In related news... US News and World Report tells why Obama will own this recession.
Nearly 700,000 Jobs Lost in December; Far Worse Than Expected
Ace of Spades HQ —
... as he will ride the "Bush destroyed the economy, I can't be held responsible" horse until it dies of exhaustion. As James Pethoukis points out, this will work... up to a point. But can a repetitive "Blame Bush" mantra allow Democrats to hold their huge Congressional majorities in 2010 and get Obama reelected in 2012 if they economy is as bad they think it will be? The latest iteration of Obama's stimulus -- I mean "economic recovery" -- package indicates that Team Obama has its doubts about voter patience and the economy. The larger-than-expected tax cuts, even if they are ...
Obama’s Trilemma
The Glittering Eye —
... had been declining sharply for nearly three years when Roosevelt took office. The unemployment rate peaked at nearly 25% in 1933 and declined thereafter.
Roosevelt tried one thing after another in rapid succession, things finally improved a bit, and he was able to take the credit. For all I know it may have been deserved. If things had not improved he always had the option of blaming things on his predecessor. Hoover has been demonized since the 1930’s.
James Pethokoukis wondered how effective that would be for the Obama Administration: ...
Democrats Indicate A Pulse-- Some Will Not Be Rubber Stamps For Obama When He Leans Too Far Towards Bad Republican Ideas
DownWithTyranny! —
... demanding that "their" congressional delegates adopt their own 100% obstruct-obstruct-obstruct posture towards Obama, Limbaugh and other Republican propaganda agents are already claiming the impending Bush-GOP Depression is Obama's fault-- just as they always claimed that FDR caused the Great Depression. ...
Carol Platt Liebau: Obama Will "Own" the Economy
Townhall.com Blog's TownHall Blog —
... in everyone's pie. Obviously, it makes good political sense for Obama to try to talk down the state of the economy. That way, if a recovery comes about sooner than expected, he can take the credit; if things remain difficult, it preemptively establishes a scapegoat. But what shouldn't be underestimated is the degree to which the choices Obama makes now will, in fact, shape how the economy performs in days to come. As James Pethokoukis over at US News & World Report astutely notes, Obama should be accountable for how the economy performs, given how actively he's meddling with ...
Related Content
It's a Recession, Really
americanthinker.com 2/1/2009 — For those of us waiting for two consecutive quarters of shrinking real GDP before we declare a "real" recession, we can stop waiting. But some perspective is in order. It's not that bad so far.
Why We're Probably in For a Long Recession
fivethirtyeight.com 2/17/2009 — Ask yourself the following: is momentum a good thing or a bad thing? One of the more persistent trends in the United States' postwar economic history is that the volatility in the performance of the economy has decreased over time. For example, from ...
The GOP And The Recession
andrewsullivan.theatlantic.com 3/7/2009 — They come up with a plan: a spending freeze ! And no, this isn't some nutcase. It's John Herbert Hoover Boehner!
An official recession
washingtonmonthly.com 12/2/2008 — AN OFFICIAL RECESSION.... The announcement was only a matter of time. The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the...
US in Recession Since December 2007
outsidethebeltway.com 12/1/2008 — The folks in charge of determining whether we’re in recession or not have now declared that we’ve been in one for a whole year, despite not meeting the technical definition.
The US economy has been in recession since December 2007, a panel of economists charged with the official ...
What is a depression?
calculatedriskblog.com 3/11/2009 — It seems like the "D" word is everywhere. And that raises a question: what is a depression? Although there is no formal definition, most economists agree it is a prolonged slump with a 10% or more decline in real GDP. Yesterday I heard an analyst say ...
Transition: Obama's 'super cabinet' —
First Read 1/8/2009
The Washington Post delves into the fact that Obama is putting together a West Wing that is as powerful (if not more so) than the Cabinet. "Presidents have long strived to centralize influence in the White House, often to the frustration of their ...
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