The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.
Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen. The White House is not actively shooting this down, and this is just an insult to American women.
America has been tilting toward an economy that benefits primarily the 1 percent. For America to work we need an economy that benefits the 100 percent. Combining an enhanced EITC and minimum wage moves us in that direction.
What will bring U.S. back to full employment is a big question among economists. The problem is that the 155,000 new jobs per month in 2012 isn't enough to either absorb new entrants, or those that have lost jobs. Only the investment of more money grows a sluggish economy.
Two and a half years ago I would have given long odds that Ron Suskind's book would provide me with a lot of the answers to the questions I had about why the Obama economic team chose the policies it did. Unfortunately, it does not.
A new poll on jobs and the economy has a clear message for the president and his party: Stand up for jobs, and protect Social Security and Medicare. The results couldn't be clearer. But is the White House even listening?