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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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Well said Steven.  GDP, Unemployment are no l... by kato krause on Tuesday, Nov 11, 2008 at 8:16:48 AM
to cancel tax cuts....Instead, there will be money... by steve scheetz on Tuesday, Nov 11, 2008 at 9:31:09 AM
the planned recovery efforts. Other stuff will pro... by Steven Leser on Tuesday, Nov 11, 2008 at 9:43:42 AM
you obviously have not listened. Ciao, CZ ... by steve scheetz on Tuesday, Nov 11, 2008 at 9:59:59 AM
Nice try though.... by Steven Leser on Tuesday, Nov 11, 2008 at 10:28:06 AM
you are so completely delusional!We have been scre... by steve scheetz on Tuesday, Nov 11, 2008 at 11:52:27 AM
Trying to "stop the bailout" is not the ... by Steven Leser on Tuesday, Nov 11, 2008 at 12:23:02 PM
These are the same gang of crooks that got us into... by Mr M on Tuesday, Nov 11, 2008 at 9:33:58 PM
were talking about? Talk about hijacking a discuss... by Steven Leser on Tuesday, Nov 11, 2008 at 9:36:48 PM
Read your post! You said, "...  the... by Mr M on Tuesday, Nov 11, 2008 at 10:25:47 PM
additional comments.... by Steven Leser on Friday, Nov 14, 2008 at 11:47:27 PM
impossible constraints on any attempt to fix the&n... by Richard Mynick on Tuesday, Nov 11, 2008 at 11:13:45 AM
I will bet that we see an across the board spendin... by Steven Leser on Tuesday, Nov 11, 2008 at 11:37:36 AM
a 90,000 increase in troop levels. Thsi does not i... by Jack Harrington on Tuesday, Nov 11, 2008 at 12:12:08 PM
Everything that was said is out the window an... by Steven Leser on Tuesday, Nov 11, 2008 at 12:17:29 PM
and say others don't get it. Most of us on her... by Jack Harrington on Tuesday, Nov 11, 2008 at 4:28:15 PM
... there is nothing different about anything you ... by Steven Leser on Tuesday, Nov 11, 2008 at 6:20:29 PM
You true believers always feel you are already the... by Jack Harrington on Tuesday, Nov 11, 2008 at 9:07:11 PM
on what I have said to you previously... by Steven Leser on Tuesday, Nov 11, 2008 at 10:00:20 PM
... and you got this from ...? Which one of Obama&... by Mr M on Tuesday, Nov 11, 2008 at 10:37:16 PM
a symptom of what is wrong with the branch of prog... by Steven Leser on Tuesday, Nov 11, 2008 at 11:44:51 AM
predisposition of the members of the economic team... by Jack Harrington on Tuesday, Nov 11, 2008 at 12:16:59 PM
... stop with your mantra for five seconds to try ... by Steven Leser on Tuesday, Nov 11, 2008 at 12:19:33 PM
Got it yet? ... by Jack Harrington on Tuesday, Nov 11, 2008 at 4:27:05 PM
there is nothing to get or be behind. You are spou... by Steven Leser on Tuesday, Nov 11, 2008 at 6:22:00 PM
First of all, Nader gets it and you don't.Seco... 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 pre... by Steven Leser on Tuesday, Nov 11, 2008 at 9:59:30 PM
guess you will remain wrong then.... by Jack Harrington on Tuesday, Nov 11, 2008 at 10:18:31 PM
Steve,  I've taken the liberty in our dem... by Alan MacDonald on Tuesday, Nov 11, 2008 at 11:54:42 PM
Steve,  I've taken the liberty in our dem... by Alan MacDonald on Tuesday, Nov 11, 2008 at 11:59:12 PM
I agree with your contention that most folks don't... by B York on Tuesday, Nov 11, 2008 at 1:00:25 PM
relevant history on the subject and what Obama'... by Steven Leser on Tuesday, Nov 11, 2008 at 3:06:06 PM
"Four years from now, no one is going to be measur... by Munich on Tuesday, Nov 11, 2008 at 1:10:29 PM
...... by Steven Leser on Tuesday, Nov 11, 2008 at 2:54:21 PM
See my OpEd yesterday suggesting a Human Investmen... by Mark Goldes on Tuesday, Nov 11, 2008 at 2:48:09 PM
I don't think the severity of the present econ... by Jim Eldon on Tuesday, Nov 11, 2008 at 4:11:12 PM
... we are much more behind the eightball than a f... by Steven Leser on Tuesday, Nov 11, 2008 at 6:26:01 PM
 "we are much more behind the eightball ... by Jim Eldon on Tuesday, Nov 11, 2008 at 7:40:51 PM
while the debt incurred through borrowing from fro... by richard on Tuesday, Nov 11, 2008 at 8:33:17 PM
regarding the Fed doesnt work on me.... by Steven Leser on Tuesday, Nov 11, 2008 at 8:56:45 PM
If you know what is happening then explain it. Don... by richard on Tuesday, Nov 11, 2008 at 9:16:32 PM
months. Feel free to read them. I am not going to ... by Steven Leser on Tuesday, Nov 11, 2008 at 9:39:19 PM
I just scrolled though three pages of your article... by reasonableperson on Tuesday, Nov 11, 2008 at 10:59:19 PM
Steve - Your replies are difficult to interpret. W... by Jim Eldon on Tuesday, Nov 11, 2008 at 11:26:56 PM
Jim, you are absolutely right --- there are plenty... by Alan MacDonald on Tuesday, Nov 11, 2008 at 9:29:52 PM
NeoProgressives like you regurgitate these ridicul... by Steven Leser on Tuesday, Nov 11, 2008 at 9:45:49 PM
Steve, a most interesting thing I have noticed t... by Alan MacDonald on Tuesday, Nov 11, 2008 at 10:50:57 PM
they are neoaware that he hasn't taken neooffi... by Steven Leser on Wednesday, Nov 12, 2008 at 9:20:27 AM
I think the idea that "2% of the country who ... by Kevin Gosztola on Tuesday, Nov 11, 2008 at 7:18:03 PM
if I didnt, I wouldnt have written it. Every cabin... by Steven Leser on Tuesday, Nov 11, 2008 at 9:04:50 PM
is invested in the truth. Your are a preempti... by richard on Tuesday, Nov 11, 2008 at 9:19:17 PM
That belongs in the Onion!!!!!... by Steven Leser on Tuesday, Nov 11, 2008 at 9:50:11 PM
... and just where do you fit Steven? Are you one ... by Mr M on Tuesday, Nov 11, 2008 at 10:18:52 PM
As noted by a previous poster, that the two partie... by richard on Tuesday, Nov 11, 2008 at 9:08:19 PM
I had a Eureka moment in the last few days when I ... by Steven Leser on Tuesday, Nov 11, 2008 at 9:51:32 PM
You assume people are cheer-leading failure becaus... by Mr M on Tuesday, Nov 11, 2008 at 10:51:24 PM
Mr. M. The Federal Reserve is refusing to identify... by Munich on Wednesday, Nov 12, 2008 at 12:29:41 AM
Mr. M. The Federal Reserve is refusing to identify... by Munich on Wednesday, Nov 12, 2008 at 12:31:22 AM
I would not say that 2% of the country think the R... by reasonableperson on Tuesday, Nov 11, 2008 at 10:20:54 PM
Do 2%ers drink 2% milk?... by Kevin Gosztola on Tuesday, Nov 11, 2008 at 11:12:48 PM
I buy 2%, two gallons at time.  Cheaper that ... by reasonableperson on Thursday, Nov 13, 2008 at 11:34:57 PM
I wonder who pays Mr. Leser to write this neo prog... by Cinderfella on Wednesday, Nov 12, 2008 at 1:42:38 AM
let me know ASAP. Thanks... by Steven Leser on Wednesday, Nov 12, 2008 at 9:14:02 AM
So, what?I should have voted for McCain? I shouldn... by PeterJ on Wednesday, Nov 12, 2008 at 4:09:20 PM
I do not fault Steven or anyone else for being hop... by reasonableperson on Wednesday, Nov 12, 2008 at 8:10:41 PM
The fact that Mr Leser can continue to have exactl... by Cinderfella on Wednesday, Nov 12, 2008 at 10:36:06 PM
I don’t mean this in a mean-spirited w... by reasonableperson on Thursday, Nov 13, 2008 at 11:27:09 PM
are you willing to learn anything from me? Have yo... by Steven Leser on Friday, Nov 14, 2008 at 11:54:37 PM
"I put him in the same league of bottom dwell... by Tom Murphy on Thursday, Nov 13, 2008 at 9:07:02 AM
Tom, I must apologize … really.  It... by reasonableperson on Thursday, Nov 13, 2008 at 8:19:23 PM