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The FP Survey: The Wisdom of the Smart Crowd | Foreign Policy

  • Barack
    Obama had a solid first year in office, with the world's big thinkers
    rating him on average a 7 out of 10 for his performance.
  • our thinkers were hard-pressed to name a specific idea, instead
    collectively applauding qualities like his "openness" and "multipolar
    worldview" (and even, explicitly, the fact that he isn't George W.
    Bush).
  • 14 more annotations...
17 Dec 09

The 10 Worst Predictions for 2009 | Foreign Policy

  • "I do know this. At the end of this first year of Congress, there will be an energy bill on the president's desk."



    Rahm Emanuel on This Week with George Stephanopoulos, April 19, 2009

  • Declaring that his work is done, Federal Reserve Chairman Ben Bernanke will announce he'll
    leave the Fed upon the expiration of his four-year term as chairman on
    Jan. 31, 2010. While mostly not his fault, the recession has hurt his
    standing with the Obama Administration -- and it also has worn him down on
    a personal level. He
    'll be succeeded by Lawrence Summers, former Treasury Secretary under the Clinton Administration."



    BusinessWeek, Jan. 2, 2009

  • 8 more annotations...
04 Dec 09

Bottoming Out? - The Daily Dish | By Andrew Sullivan

  • EmploymentPercentJobLossesNov
  • The economy lost only 11,000 jobs
    in November, the Labor Department reported. That’s down from 111,000
    last month and a peak of 741,000 in January. Economists had been
    expecting a loss of more than 100,000 in November...How much should we make of one month’s report? It’s probably best to be
    conservative. I’d be surprised if this rate of progress continues in
    coming months. But this is still very good news: many fewer people were
    out of work last month than expected.

Neo-Hoover Revisionism | Talking Points Memo

  • Former Bush Labor Secretary Elaine Chao (who happens to be Senate Minority Leader Mitch McConnell's wife) tells Fox News that the current high unemployment is all Obama's fault, especially if you skip over the last year of the Bush Presidency and compare it to the jobless numbers in 2007.
21 Nov 09

PolitiFact | Palin claims Reagan faced a worse recession than Obama

  • VERDICT: Worse under Obama.
  • VERDICT: Worse under Obama.
  • 29 more annotations...
06 Nov 09

Matthew Yglesias » Stimulus and the Future

  • those who claim fiscal restraint amidst a depression is a favor to young people don’t know what they’re talking about
  • Deficit hawks like to complain that today’s young people will end up having to pay higher taxes to service the debt we’re running up right now. But anyone who really cared about the prospects of young Americans would be pushing for much more job creation, since the burden of high unemployment falls disproportionately on young workers — and those who enter the work force in years of high unemployment suffer permanent career damage, never catching up with those who graduated in better times.
  • 1 more annotations...
03 Nov 09

PolitiFact | California Republican lumps Obama in with Hoover in his approach to fighting recession

  • False
  • "Three presidents within the last 100 years have responded to recessions by reducing taxes and regulations," McClintock said. "Warren Harding, John F. Kennedy and Ronald Reagan all produced rapid and dramatic economic recoveries. We’ve had two presidents in those 100 years who reacted to recessions by doing the opposite — Herbert Hoover in the early 1930s, who radically increased taxes and spending and who imposed unprecedented burdens on trade, and the other is Barack Obama."
  • 8 more annotations...
29 Oct 09

On Today's GDP Numbers | The White House

  • Indeed, the two-quarter swing in the rate of growth of 9.9 percentage points was the largest since 1980. 
  • Bar chart showing that Real GDP Growth stands at 3.5 percent in the third quarter of 2009, a marked increase after four quarters of decline.

The Daily Dish | By Andrew Sullivan

  • DistressingGapSept
  • [N]ew home sales are far more important for employment and the economy
    than existing home sales. When an existing home is sold, the housing
    stock doesn't change, and the only direct contribution to the economy
    are the transaction costs. When a new home is sold, the housing stock
    of the nation increases, and there is a significant amount of spending
    on material and labor.
25 Oct 09

BBC NEWS | Europe | Rich Germans demand higher taxes

  • The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany's economic recovery.
  • The group say the financial crisis is leading to an increase in unemployment, poverty and social inequality.

    Simply donating money to deal with the problems is not enough, they want a change in the whole approach.

  • 2 more annotations...
07 Oct 09

The Daily Dish | By Andrew Sullivan

  • the idea that
    most Americans have been spending frivolously on consumer goods
    actually isn’t true.
  • Instead, a hefty chunk of the increase in consumption in recent decades
    has been the result of higher housing prices, the rising cost of
    medical care, more spending on education, and childcare.
  • 2 more annotations...
27 Sep 09

After the Great Recession - An Interview With President Obama - NYTimes.com

  • distinguish between finance as the lifeblood of our economy and finance as a significant industry where we have a comparative advantage
  • Now, in some ways, I think it’s important to understand that some of that wealth was illusory in the first place.
  • 1 more annotations...
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