January 5, 2010

Obama Must Do What It Takes to Fix Economy

John Judis, The New Republic

Barack Obama has been compared to almost every American President of the last hundred years--favorably to Franklin Delano Roosevelt, John Kennedy and Ronald Reagan; and unfavorably to Jimmy Carter and George H.W. Bush. I want to put another name in the hat: Herbert Hoover.

It might seem ludicrous, or unfair, to compare Obama to one of the most vilified presidents of the last century, but that’s because Hoover’s reputation is largely, or at least somewhat, undeserved--the product of Democratic attacks and Hoover’s own strident responses to these attacks.

To his contemporaries, Hoover had been the American most suited to be president. He had performed brilliantly as head of the American Relief Administration after World War I. In 1920, The New Republic and...

Read Full Article ››

Related Topics: economy

RECOMMENDED ARTICLES

May 15, 2012
Bigger & Bigger Banks Threaten Financial System
David Rohde, Atlantic

The reports are startlingly familiar. Late Thursday, JPMorgan CEO Jamie Dimon announced a surprise $2 billion trading loss and stocks swooned. Dimon insisted, though, that there was no need for a Volcker Rule that would ban big... more ››

May 15, 2012
How Wall Street Killed Financial Reform
Matt Taibbi, Rolling Stone

Two years ago, when he signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, President Barack Obama bragged that he'd dealt a crushing blow to the extravagant financial corruption that had caused the global... more ››

May 14, 2012
Lethargic Dragon: China No Model for U.S.
Reihan Salam, National Review

Americans have always looked abroad for inspiration. Alexander Hamilton drew on the experience of Britain and France to shape the economic institutions of the early republic. In the early 19th century, Henry Clay championed... more ››

May 15, 2012
Once Again, Break Up the Big Banks
Arnold Kling, National Review

Et tu, Jamie Dimon? The embarrassing announcement of a large trading loss at J. P. Morgan has brought the issue of bank regulation back to the fore.J. P. Morgan’s announcement was particularly shocking because Morgan was... more ››