Economic Policy
Barack Obama's current economic advisors are Alan B. Krueger and Jeffrey Liebman.
In 2006, Obama wrote: "We should be asking ourselves what mix of policies will lead to a dynamic free market and widespread economic security, entrepreneurial innovation and upward mobility we should be guided by what works."
Speaking before the National Press Club in April 2005, he defended the New Deal social welfare policies of Franklin D. Roosevelt, associating Republican proposals to establish private accounts for Social Security with social Darwinism.
In response to the recession, Obama signed into law the American Recovery and Reinvestment Act of 2009 shortly after taking office. The law featured large amounts of infrastructure spending, funding for states, tax cuts, and other stimulative measures. After the 2010 midterm elections, he signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 which extended the Bush tax cuts for all incomes, temporarily cut the payroll tax, and reduced a number of other taxes.
Read more about this topic: Political Positions Of Barack Obama
Famous quotes containing the words economic and/or policy:
“The idealist’s programme of political or economic reform may be impracticable, absurd, demonstrably ridiculous; but it can never be successfully opposed merely by pointing out that this is the case. A negative opposition cannot be wholly effectual: there must be a competing idealism; something must be offered that is not only less objectionable but more desirable.”
—Charles Horton Cooley (1864–1929)
“Mr. Wiggam, I want you to change the policy of The Clarion. I want you to write a story I should have written myself long ago. I want you to tell the people of San Francisco that no city can exist without law and order. Write a story about that flag, write about what verifies and brings a promise of life, liberty, and the pursuit of happiness. There are some people in this town who don’t seem to know that. Let The Clarion tell them.”
—Ben Hecht (1893–1964)