Huffpost Business

On Economy, Obama Was Cautious When He Should Have Been Bold: Martin Wolf

Posted: Updated:

But, as Larry Summers, Mr Obama's chief economic adviser, had said: "When markets overshoot, policymakers must overshoot too". Unfortunately, the administration failed to follow his excellent advice. This has allowed opponents to claim that policy has been ineffective when it has merely been inadequate.

Read the whole story at

Around the Web

Obama's wandering economic message

Tax Cuts Weighed To Propel Growth

Obama to loosen export controls: Will it help economy or hurt security?

10 bailed-out banks spent $16.3M lobbying in 1H

Obama lauds auto industry comeback as he ends tour of Big Three plants