Obama's Tax Hikes Won't Be Nearly Big Enough
December 28, 2012
Republicans want to reduce the size of the federal government, and they won’t take no for an answer. “I just want to shrink it down to the size where we can drown it in the bathtub,” Grover Norquist famously declared. And in negotiations over the fiscal cliff, they have insisted on cutting spending rather than raising taxes. “The President wants to pretend that spending isn’t the problem,” House Speaker John Boehner has complained. Democrats, for their part, have responded defensively.
A Pivot to Jobs? Or Not?
June 09, 2011
Are President Obama and his advisers alarmed about the tepid recovery? Are they working feverishly to think up new interventions, the kind that involve increasing short-term deficits, to strengthen it?
SOTU Address: The Real Story of Obama and Corporate America
January 25, 2011
I’ll admit it: I was worried when the president named Bill Daley as his second chief of staff. True, Daley was a loyal Democrat long before he was a bank executive. But I couldn’t shake the feeling that the White House was giving in to months of mau-mauing from the business community. That was distressing not just because the idea of Obama as anti-business is wrong, but also because Obama had a lot more leverage over the business community than he seemed to realize. Not quite three weeks later and I feel confident this is not the case.
GDP Growth Numbers for the Third Quarter? Meh.
October 29, 2010
GDP grew at a 2 percent annualized rate in the third quarter, which confirms two things: the economy is still in the dumps, and it won’t be getting much better any time soon. The numbers were in line with estimates, and they’re good news in that they’re higher than the second quarter’s 1.7 percent rate.
What You Need to Know About Austan Goolsbee (and Then Some...)
September 10, 2010
[Guest post by Noam Scheiber:] One of the least suspenseful decisions in Washington became official today when President Obama named Austan Goolsbee to be the chairman of his Council of Economic Advisers. Goolsbee, who’s on leave from the University of Chicago, is a longtime Obama adviser currently serving as a member of the three-person Council.
TNRLive: Scheiber, Ferguson Grill Goolsbee
September 23, 2009
Last week, on the one-year anniversary of the Lehman Brothers crash, TNR brought together influential leaders from Washington and Wall Street for an h
Goolsbee's Subtle Stimulus Point
September 15, 2009
White House economist Austan Goolsbee made a great point about the stimulus yesterday at our financial crisis conference in Washington. I don’t have a transcript yet, but the gist was: One reason it’s wrong to dwell on the fraction of stimulus money that’s been distributed so far is that it misunderstands the difference between obligation of money for a project and actual payment for the project.
August 13, 2008
Earlier this summer, when the Obama campaign announced that Jason Furman was joining its staff as director of economic policy, the storyline seemed to write itself: Centrist adviser will pull Obama to the right. Furman had first made a name for himself as a wonky twentysomething wunderkind in the later years of the Clinton administration--a period when, to the consternation of many liberals, Clinton emphasized balanced budgets, free trade, and welfare reform.
Why The Jason Furman Hire Confuses People
June 13, 2008
Apropos of John Judis's post on Jason Furman, and a lot of other commentary in that vein, it's not at all clear that Furman is to the right of the economists Obama has been relying on for advice. As Ezra Klein points out, he's certainly not to the right of Austan Goolsbee, who'd previously been (and basically still is) Obama's leading economic adviser.