Obama's economic recovery plan spurs debate

Monday, January 12, 2009

President-elect Obama's ambitious and optimistic recovery plan has both cheerleaders and critics. We're looking at the plan from both sides. The Takeaway talks to Diana Furchtgott-Roth, a Senior Fellow at The Hudson Institute and former chief economist at the U.S. Department of Labor, and James Galbraith, professor and economist at the University of Texas, Austin and author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too, about their take on the economic stimulus plan.

"If Americans have the money in their pockets they can spend it faster than Uncle Sam, they can spend it right away, they can make better use of it."
— Diana Furchtgott-Roth on how to craft a better stimulus plan


Diana Furchtgott-Roth and James K. Galbraith


Noel King

Comments [2]

Robert A

I totally agree with Ellen. Diana Furchtgott-Roth presented her views in a manner that I thought came off as very arrogant. Notwithstanding if she is correct in her views or not, she did not appear to want to engage in a Takeaway style conversation. She was only interested in presenting her views and disparage anyone who would suggest that she was wrong. In the future I hope that The Takeaway makes a greater effort to have people that are willing to have an exchange of ideas.

Jan. 14 2009 03:26 PM

It is disappointing that journalists of your caliber continue to allow the spread of "thought viruses" by think tanks such as "rail is not a good investment", "Bush tax cuts must be maintained to preserve enterprise", and strangely, that "stimulus funds should be given to 'private' bus companies". This woman represents the very ideology that brought us this crisis, it is mystery why she is given the opportunity to present her views as fact, not as sheer self-interest. Even more mysterious is that you allowed her statements to go unchallenged.

I believe Mr. Galbraith made some points, but the Hudson Institute has media-trained its spokespeople to harangue rather engage. This particular spokeswoman is valuable to their cause because she adheres very closely to the talking points they propagate, communicating soundbites while speaking over and interrupting her opposing counterpart.

With so much at stake for our country, I ask that you make greater efforts to separate fact from opinion.

Jan. 12 2009 08:54 AM

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