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Obama's Economic Challenge Underestimated

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Four years from now, no one is going to be measuring President Obama by whether some of his cabinet picks were too partisan or not partisan enough, or whether some list of actions desired by the progressive left or far right were taken. Any programs that are able to be achieved are going to be a small footnote in the history of this administration's first term. When the category 5 economic hurricane hits in the next 2-6 months, the only thing people will care about is whether the administration is able to mitigate it or reverse its course. The good news is that if anyone can fix this, the Obama economic dream team can.

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(1) Financial Times - "US unemployment highest since 1994", Nov 27,2008  http://www.ft.com/cms/s/0/2d6ccba0-acd2-11dd-971e-000077b07658.html

(2) Misery Index - "The US Unemployment Rate January 1948 to September 2008" http://www.miseryindex.us/urbymonth.asp

(3) AP via Yahoo News - "Economic advisers on Obama's transition team", Nov 7, 2008 http://news.yahoo.com/s/ap/20081107/ap_on_el_pr/obama_economic_advisers_list_1

(4) CBS News - Obama's Centrist Economic Team", August 3, 2008 http://www.cbsnews.com/stories/2008/08/03/opinion/main4317760.shtml

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A political blogger for the International Business Times, Steve Leser is a hot national political pundit. He has appeared on MSNBC's Coundown with Keith Olbermann, Comedy Central's Daily Show with Jon Stewart and Russia Today's (RT) Crosstalk with (more...)
 

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Welcome Back by kato krause on Tuesday, Nov 11, 2008 at 8:16:48 AM
here is the excuse that will be used by steve scheetz on Tuesday, Nov 11, 2008 at 9:31:09 AM
Actually, I'm pretty sure that will go forward as part of by Steven Leser on Tuesday, Nov 11, 2008 at 9:43:42 AM
We already have by steve scheetz on Tuesday, Nov 11, 2008 at 9:59:59 AM
No, you havent. by Steven Leser on Tuesday, Nov 11, 2008 at 10:28:06 AM
ROTFLMAO! by steve scheetz on Tuesday, Nov 11, 2008 at 11:52:27 AM
No, that is not the same thing, ROTFLMAO all you want... by Steven Leser on Tuesday, Nov 11, 2008 at 12:23:02 PM
Their careers will be over? Whose? by Mr M on Tuesday, Nov 11, 2008 at 9:33:58 PM
What does any of this have to do with what Scheetz and I by Steven Leser on Tuesday, Nov 11, 2008 at 9:36:48 PM
Hey - you're the one that brought this up! by Mr M on Tuesday, Nov 11, 2008 at 10:25:47 PM
You clearly did not understand the reference or the by Steven Leser on Friday, Nov 14, 2008 at 11:47:27 PM
The Wall St bailout & the level of military spending place by Richard Mynick on Tuesday, Nov 11, 2008 at 11:13:45 AM
I think a generalized cut in military spending is coming... by Steven Leser on Tuesday, Nov 11, 2008 at 11:37:36 AM
Obama supports by Jack Harrington on Tuesday, Nov 11, 2008 at 12:12:08 PM
Please reread what I wrote because you didnt get it by Steven Leser on Tuesday, Nov 11, 2008 at 12:17:29 PM
You just keep ignoring facts by Jack Harrington on Tuesday, Nov 11, 2008 at 4:28:15 PM
You are really out of it if you think so... by Steven Leser on Tuesday, Nov 11, 2008 at 6:20:29 PM
Not even close to me by Jack Harrington on Tuesday, Nov 11, 2008 at 9:07:11 PM
I am happy to stand... by Steven Leser on Tuesday, Nov 11, 2008 at 10:00:20 PM
You think a generalized cut in military spending is coming . by Mr M on Tuesday, Nov 11, 2008 at 10:37:16 PM
Also, I find the focus on the bent of his economic team... by Steven Leser on Tuesday, Nov 11, 2008 at 11:44:51 AM
The well known by Jack Harrington on Tuesday, Nov 11, 2008 at 12:16:59 PM
No, no and no. Once again, you didnt read what I wrote... by Steven Leser on Tuesday, Nov 11, 2008 at 12:19:33 PM
I am not the one who does not get it. by Jack Harrington on Tuesday, Nov 11, 2008 at 4:27:05 PM
As I said above, you arent saying anything new so... by Steven Leser on Tuesday, Nov 11, 2008 at 6:22:00 PM
So wrong again. by Jack Harrington on Tuesday, Nov 11, 2008 at 9:13:19 PM
I am happy to stand on what I have said to you previously by Steven Leser on Tuesday, Nov 11, 2008 at 9:59:30 PM
Well by Jack Harrington on Tuesday, Nov 11, 2008 at 10:18:31 PM
Pragmatic progressive economic planing for democracy by Alan MacDonald on Tuesday, Nov 11, 2008 at 11:54:42 PM
Pragmatic progressive economic planing for democracy by Alan MacDonald on Tuesday, Nov 11, 2008 at 11:59:12 PM
down the road by B York on Tuesday, Nov 11, 2008 at 1:00:25 PM
Like other posters you are missing the point and ignoring by Steven Leser on Tuesday, Nov 11, 2008 at 3:06:06 PM
Re: Obama's Economic Challenge Underestimated by Munich on Tuesday, Nov 11, 2008 at 1:10:29 PM
You mean besides the fact that he isn't President yet? by Steven Leser on Tuesday, Nov 11, 2008 at 2:54:21 PM
Jobs - 3 to 6 million new ones + 1 to 4 million new small bu by Mark Goldes on Tuesday, Nov 11, 2008 at 2:48:09 PM
The challenge is understood by many by Jim Eldon on Tuesday, Nov 11, 2008 at 4:11:12 PM
If only it were that simple... by Steven Leser on Tuesday, Nov 11, 2008 at 6:26:01 PM
simple to describe, difficult to change by Jim Eldon on Tuesday, Nov 11, 2008 at 7:40:51 PM
it is not just usury, by richard on Tuesday, Nov 11, 2008 at 8:33:17 PM
I know what is happening. That is why the money argument by Steven Leser on Tuesday, Nov 11, 2008 at 8:56:45 PM
arrogance is always revealing... by richard on Tuesday, Nov 11, 2008 at 9:16:32 PM
I've written 5+ major articles on the economy in the last 14 by Steven Leser on Tuesday, Nov 11, 2008 at 9:39:19 PM
Please point me in the right direction by reasonableperson on Tuesday, Nov 11, 2008 at 10:59:19 PM
unclear by Jim Eldon on Tuesday, Nov 11, 2008 at 11:26:56 PM
The abyss, and opportunity, the neo-lib left won't discuss by Alan MacDonald on Tuesday, Nov 11, 2008 at 9:29:52 PM
What a NeoPalinlike regurgitation of neoNader talking points by Steven Leser on Tuesday, Nov 11, 2008 at 9:45:49 PM
Talk about 'appeasement' and phony left truth repression by Alan MacDonald on Tuesday, Nov 11, 2008 at 10:50:57 PM
Other neocountries are not neoobsessing because by Steven Leser on Wednesday, Nov 12, 2008 at 9:20:27 AM
Defending a minority by Kevin Gosztola on Tuesday, Nov 11, 2008 at 7:18:03 PM
I think the truth of that statement is self evident... by Steven Leser on Tuesday, Nov 11, 2008 at 9:04:50 PM
This 'Group' as you label us, them or whomever, by richard on Tuesday, Nov 11, 2008 at 9:19:17 PM
LOL, a preemptive apologist. Too funny! by Steven Leser on Tuesday, Nov 11, 2008 at 9:50:11 PM
Gee, Steven, looks like everyone of the 2%ers are here ... by Mr M on Tuesday, Nov 11, 2008 at 10:18:52 PM
ah, what the heck..... by richard on Tuesday, Nov 11, 2008 at 9:08:19 PM
As I said in another thread on the same topic by Steven Leser on Tuesday, Nov 11, 2008 at 9:51:32 PM
You're a piece of work by Mr M on Tuesday, Nov 11, 2008 at 10:51:24 PM
Dr. Steven by Munich on Wednesday, Nov 12, 2008 at 12:29:41 AM
Dr. Steven by Munich on Wednesday, Nov 12, 2008 at 12:31:22 AM
I agree with your title, but ... by reasonableperson on Tuesday, Nov 11, 2008 at 10:20:54 PM
2% by Kevin Gosztola on Tuesday, Nov 11, 2008 at 11:12:48 PM
2x2 by reasonableperson on Thursday, Nov 13, 2008 at 11:34:57 PM
Another troll? by Cinderfella on Wednesday, Nov 12, 2008 at 1:42:38 AM
Please let me know, I can use the money by Steven Leser on Wednesday, Nov 12, 2008 at 9:14:02 AM
What else do we have? by PeterJ on Wednesday, Nov 12, 2008 at 4:09:20 PM
Not a Troll, Just Overly Optimistic by reasonableperson on Wednesday, Nov 12, 2008 at 8:10:41 PM
Missed my point by Cinderfella on Wednesday, Nov 12, 2008 at 10:36:06 PM
You know Mr. Leser is a lawyer-in-the-works, right? by reasonableperson on Thursday, Nov 13, 2008 at 11:27:09 PM
Here is the joke of your post... by Steven Leser on Friday, Nov 14, 2008 at 11:54:37 PM
Wow - thanks! by Tom Murphy on Thursday, Nov 13, 2008 at 9:07:02 AM
Apology by reasonableperson on Thursday, Nov 13, 2008 at 8:19:23 PM