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Obama's Economic Policies Are Working Effectively

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  • Eliot Spitzer on Obama’s Economic Policies

    Clip: Eliot Spitzer argues against the motion "Obama’s Economic Policies Are Working Effectively."

  • Steven Rattner on Obama’s Economic Policies

    Clip: Steve Rattner argues for the motion "Obama’s Economic Policies Are Working Effectively."

Debate Details

Signs of economic recovery are everywhere. Housing prices have bottomed out; the stock market has rallied; and capital markets are operating normally. Today, economists are debating whether or not the recession is over. When Obama took office, the debate was whether a sharp decline in economic activity would trigger more bank failures in a vicious cycle, culminating in a full scale depression. His policies have restored confidence and that is the most important thing. Others argue that his policies will seriously undermine the long-term growth of the US economy. Our fiscal outlook is so poor that inflation is likely, undermining faith in the dollar as a global reserve asset. Cap and trade legislation will make US industry less globally competitive; his health care proposals will leave us both poorer and less healthy; and the dramatic increase in taxes needed to pay for all this will discourage risk-taking and investing.

The Debaters

For the motion

Lawrence Mishel

Presidence, Economic Policy Institute

Came to the Economic Policy Institute in 1987. As EPI's first research director, then as vice president, and now president, he has played a significant... Read More

Steve Rattner

Former Managing Principle, The Quadrangle Group LLC.

Served as counselor to the secretary of the Treasury until July 2009, and led the Administration’s efforts to restructure the auto industry. Prior... Read More

Mark Zandi

Chief Economist of Moody's Analytics

As Chief Economist of Moody’s Analytics, Mark Zandi directs the company’s research and consulting activities. Zandi’s recent research has studied... Read More

Against the motion

Eliot Spitzer

Former Governor, New York

Is the former governor of the state of New York. He served eight years as New York attorney general and was named “Crusader of the Year” for his... Read More

Allan Meltzer

Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University

Is the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of History of the Federal Reserve... Read More

James K. Galbraith

Chair of Government/Business Relations, University of Texas at Austin

Holds the Lloyd M. Bentsen, Jr., Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas... Read More

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The Research

The Research

GDP Rises 3.5 Percent in Third Quarter

Bureau of Economic Analysis
October 29, 2009

Stimulus and the Jobless Recovery

Edward P. Lazear
November 3, 2009

Have the Stimulus Programs Failed?

Gary Burtless
August 4, 2009
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