Obamanomics: Year One and Beyond
The great strength of Barack Obama's economic policies - in health care, fiscal stimulus, and stabilizing the banking system - has been not to allow the perfect to become the enemy of the good. But, with the time for crisis management coming to a close, he now needs to aim higher if he is to fulfill his promise of a more economically just society.
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BERKELEY – President Barack Obama has not had an easy first year economically. He inherited a financial system on the verge of collapse. He was bequeathed an economy in recession and an unemployment rate destined to rise. And he faced a Congress and an economics profession with a tendency to confuse these real demons with imaginary ones.