Daily Archives: November 1, 2012

The Economic Consequences of Mr. Obama

By  Fadhel Kaboub

When British economist and public intellectual John Maynard Keynes wrote his famous essay entitled “The Economic Consequences of Mr. Churchill” in 1925, the British economy was still suffering the consequences of WWI, and was slowly sliding into the worst economic depression in world history. Today, as the Great Recession continues to devastate millions of people’s lives in the United States, Americans will decide in a matter of days whether they want Mr. Obama to continue on as President for another four-year term, or elect Governor Romney to replace him in the White House. As an economist who is committed to social justice, I would like to offer a brief assessment of President Obama’s economic policies during his first term, and speculate on the likely direction that the U.S. will take under a second term Obama administration versus a possible Romney White House.

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Pragmatism Tempered By Vision and Justice

By Joe Firestone

In this good post, Jared Bernstein, who is one of the few prominent writers in economics who is often close to being right, asks “How Did Things Get So Screwed Up?” he answers that it’s money, ideology, and a rejection of fact-based policy analysis. He thinks that more pragmatism and willingness to accept facts would really help our politics.

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