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OpEdNews Op Eds 4/29/2009 at 4:46 PM EDT

The Obama Administration and the Bankers: 100 Days of Solicitude

By Dean Baker (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page. 1 comment

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The Obama administration has yet to get serious about setting the long-term economy on a sound footing by bringing the value of the dollar down to a competitive level. Instead it has focused on rescuing the banks with taxpayer dollars. Throwing money at the banks will make the bankers happy--rescuing them from their own incompetence--but it will not set the economy right.

In the area of financial policy the Obama administration gets poor marks for its first 100 days. Instead of a letter grade, we'll just say: "needs improvement."

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Dr. Dean Baker is a macroeconomist and Co-Director of the Center for Economic and Policy Research in Washington, D.C. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. (more...)

Related Topic(s): Bankruptcy; Economic Stimulus; Government; Obamanomics; Present Value Dollar; Taxpayers; Treasury Secretary Tim Geithner, Add Tags
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