Join        Login             Stock Quote

Grading Ibama Economic Policy: The First Year

 September 18, 2011 04:32 PM

The banking system collapse was averted. The spike of the unemployment rate to 15% was averted. Obama passed a pretty good regulatory reform. Obama passed a pretty good health reform. Obama passed the largest quick fiscal expansion he could get through congress (using Reconciliation would have taken a lot longer).

We are left with a jobless recovery, and with crippled mortgage finance and construction, and a ticking bomb in Europe.

But there was a process by which smart people with strong views argued about substance, and presented real options to the president, who chose.

Aall-in-all we are arguing over whether the economic policy team as a whole deserves a C+ or a B.

[Related -Will Last Week’s Relief Rally In Emerging Markets Last?]

I would say the staff deserves s B. It is not Romer and Summers's fault that Bernanke-in-office forgot that the Fed has a dual mandate, or that Pbama chose to go not with Romer-Summers but with Geithner.

Why Geithner and Ibama thought their do-less policies were best is not something I have any insight into. We are in the lower tail of the distribution as it looked in March 2009, but not that far down in the tail...

iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Savings Glut and Financial Imbalances
More Articles on: Politics

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.