Did the Obama Administration Fumble the Recovery?

Monday, March 05, 2012

President Barack Obama at a dinner for members of the U.S. armed forces who served in Iraq. (Brendan Smialowski/Getty)

Four months before President Obama was sworn into office, the investment bank Lehman Brothers declared bankruptcy, setting off a panic throughout the country and much of the world. Coming on the heels of the bank bailout and the subprime mortgage crisis, President Obama's primary focus became the economy. One of the major questions facing his administration now is how well Obama and his team handled the fallout after the economic crash.

Noam Scheiber is the author of "The Escape Artists: How Obama’s Team Fumbled the Recovery."

Guests:

Noam Scheiber

Produced by:

Ben Gottlieb

Comments [3]

David from Detroit

One day I will hear of the radical left or right argue in favor of ending subsidies to corporate America. That is I will hear them object to subsidies that investors want as condition for making investments which they claim will "create" jobs. On that day I will start to believe their Arguments. Until then it's just business as usual - we gather political power to serve our constituency not the interest of the nation

Mar. 05 2012 01:33 PM
listener

The subprime mortgage crisis was a direct result of "progressive" regulatory policies supported by Obama and many others in the Democratic Party and that party had control of the Congress for two years before and after the Lehman bankruptcy and Obama's inauguration. The priority for him and his party was to "fundamentally transform" the nation and not let a crisis go to waste and that meant Obamacare and massive spending and not jobs and economic growth.

Lives have been irreparably disrupted because this President deliberately put his personal and political interests ahead of the national interests His minions in the party and the media used demagoguery and defamation against anyone who protested these ruinous policies and those deliberate distractions continue to this day.

Mar. 05 2012 10:05 AM
Ed Kaine from CT

What an awful framing of this article... the book is about how the stimulus was too small and focused on the GOP austerity /tax cuts for the wealthy solution too much...

A better title have might have been:
"Was the Stimulus big enough? The political struggle that stopped America from getting the stimulus support it needed."

The article never argues for austerity, or tax cuts for the wealthy. There is very little support for the Radical Right's view of how to "solve" the economy... using words like fumble might make peoople read it but it is very misleading. It's more like "Could Obama have got a touchdown instead of a first down?"

There should be more attention in journalism to the framing of the argument... most people only read the headlines, so please don't mislead us in your headlines.

Ed

Mar. 05 2012 08:39 AM

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