Obama's Economic Policies Are Working Effectively

“Blaming technology is a common refrain from economists who hate the thought that globalization is not the world’s unambiguous salvation.”

Under Trump’s economic policies, Steven Rattner argues, “Measured in relation to the size of our economy, our national debt as a percentage of our economy would grow to 98 percent a decade from now — the highest in our history except during World War II — from the current 77 percent.”

After bringing his children to Cuba, Steve Rattner said, “I wanted my children to see firsthand the ineffectiveness of socialism at creating prosperity. And I was eager for them to appreciate that the country’s salvation could be the very system that Fidel Castro decried: capitalism.”

On the Affordable Care Act, Steven Rattner argues, “Some changes — even some alterations favored by Republicans — would make the national health care program work better.”

Steven Rattner discusses Bernie Sanders's policies.

Steven Rattner argues, “As a centrist Democrat, I’m scared to see my party pulled into positions that are both bad politics and dubious policy. And I’m disappointed that few of our party’s moderates are willing to resist the freight train coming at us from the left.”

Reuters October 29, 2009

Office of Rep. Joe Sestak (D-PA) News Release October 15, 2009

Congressional Testimony by Mark Zandi September 24, 2009

Extend tax cuts for everyone except high-income taxpayers. The economy isn’t great, but it is strong enough to handle higher tax rates on the wealthy.

Moody’s Analytics U.S. macro forecast.

Income inequality is nothing new in this country. But the disparity between haves and have-nots is widening, and policymakers need to take action. At stake: our long-term economic success.

In 2010 Zandi supported a middle ground that would forestall any tax increases in 2011 and to phase in higher rates on upper-income households in 2012.

An interview with economist Mark Zandi: why he’ll argue for the motion, “Congress should pass Obama’s jobs plan—piece by piece,” at the Oct. 25 Slate/Intelligence Squared U.S. debate.

President Obama’s much-anticipated jobs plan is a laudable effort to support the struggling economy. The plan would go a long way toward stabilizing confidence, forestalling another recession, and jump-starting a self-sustaining economic expansion.

The economy is struggling to avoid recession. The political spectacle over the debt ceiling and Standard & Poor’s downgrade of Treasury debt have upended the already-fragile collective psyche. Consumers and businesses appear frozen in place. They are not pulling back yet, but to avoid a downturn it is vital for policymakers to act aggressively to stabilize sentiment.