As Recession Bites Deeper, Obama Has Discovered People Can't Eat Hope


Obama’s cure for malaise: More of the same

Washington Times
by staff


With the nation suffering from high unemployment, tepid growth and low confidence, President Obama on Friday made a bold change: he slightly rearranged his economic team. Austan D. Goolsbee, who has been at Mr. Obama’s side since his 2004 Senate campaign, now heads the Council of Economic Advisers. … Mr. Obama’s advisers, insulated from the effects of a recession that has devastated the private sector, have less reason to question the wisdom of diverting the nation’s wealth into the public sector...

Informant: Thomas L. Knapp

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