Principles for Economic Revival


Top White House economic adviser Lawrence Summers announced he will leave, allowing President Barack Obama to reshape his economic staff after midterm elections.

President Barack Obama makes his point to Lawrence Summers, left, head of the National Economic Council, and Office of Management and Budget Director Peter Orszag, seated next to Summers, during a budget meeting in the White House Roosevelt Room in the President's first week in office. Rahm Emanuel, White House Chief of Staff, is seated to the President's left (January 24, 2009)

President Barack Obama makes his point to Lawrence Summers, left, head of the National Economic Council, and Office of Management and Budget Director Peter Orszag, seated next to Summers, during a budget meeting in the White House Roosevelt Room in the President's first week in office. Rahm Emanuel, White House Chief of Staff, is seated to the President's left (Photo: Peter Souza; January 24, 2009).

The Federal Reserve said yesterday it was prepared to do more to help the U.S. economy but stopped short of announcing specific measures.

In the Wall Street Journal, George P. Shultz, Michael J. Boskin, John F. Cogan, Allan Meltzer, and John B. Taylor outline a set of policies to guide economic policymakers back to rapid growth, including lowering taxes, balancing the budget, modifying Social Security and healthcare entitlements, and a stronger monetary policy.

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One Response to Principles for Economic Revival

  1. Elsa Klegin says:

    So Obama will require a fresh chief of staff. I’m wondering with the latest change we will catch sight of a softening in a number of the social policies or will it be the identical game as per standard. You can’t blame Rahm Emanuel for aspiring for higher office plus a chance to administrate things on his own terms.

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