The Stimulus, the Bailout and Judd Gregg
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Is it too soon to call the Obama Administration a failure? Another look at the economy and the banks, along with a great big dose of skepticism that bipartisanship can prevail. Is this stimulus package big enough to make the kind of difference to the economy that the country needs now? Plus, why did Judd Gregg pull out as Obama's nominee for Commerce? Really – the census was to blame….
Banner image: (L-R) House Majority Leader Steny Hoyer (D-MD), House Speaker Nancy Pelosi (D-CA), Democratic Caucus Chair John Larson (D-CT), Democratic Congressional Campaign Committee Chair Chris Van Hollen (D-MD) and Ways and Means Committee Chairman Charlie Rangel (D-NY) during a news conference after the House passed the stimulus bill along a strict party vote 246 to 183. Photo: Chip Somodevilla/Getty Images
Links:
- Huffington's article on Obama's reluctance to kill banks
- Martin Wolf's (Financial Times) article on failure of Obama Administration
- Krugman's column on the stimulus package
- Simon Johnson's (Talking Points Memo) interview on the 'American bank oligarchs'
- Stiglitz's (Talking Points Memo) interview on whether we should allow the banks to fail
- Anna Schwartz and Milton Friedman's 'A Monetary History of the United States, 1867-1960'
- Bruce Bartlett's (Forbes) article on the lessons of New Deal
- Judd Gregg on his withdrawal as Commerce nominee
- White House statement on Gregg's withdrawal
- Jeff Madrick's 'The Case for Big Government'
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