FORA Economy

Season 2009 Episode 1101

America, Obama and the Recession

out of 10
User Rating
0 votes

By Users

Write A Review

Episode Summary

America, Obama and the Recession
President Barack Obama inherited an American economy in severe trouble. Immediately upon entering the White House, Obama introduced the most wide-reaching state-led counter-crisis measures since the New Deal of the 1930s. The Obama administration's "New New Deal" includes bank bailouts, the largest peacetime economic stimulus package, a "toxic asset" plan, government takeover of General Motors and new financial regulations. Obama has said that getting the economy back on its feet is his number one priority, and it's likely that his handling of economic affairs will be a major factor in determining whether his presidency is considered a success. Many praised the new American president for taking bold action and showing dynamic leadership. Polls have showed that Obama's personal popularity has remained high, but as the recession has dragged on and unemployment has continued to rise, a growing number have begun to question the effectiveness of his policies.Has Obama gone too far in increasing government spending, or not far enough? Are the resulting huge US government deficits a temporary phenomenon, or will they cause a fiscal crisis in the near future? Does his government's ownership of car companies and banks provide just short-term restructuring assistance, or do such moves herald a greater direct role for the state in the economy?This session will seek to cut through the superficial assessments about Obama-s popularity and examine to what extent his administration-s initiatives can not only address the immediate downturn, but lay a foundation for longer-term economic growth.moreless

Episode Discussion

Join the discussion of this episode Episode Discussion

Trivia, Notes, Quotes and Allusions

See All Trivia, Notes, Quotes and Allusions Trivia & Quotes
  • Senator Chuck Hagel in Conversation

    S 2008 : Ep 0328

    Aired 3/28/08 (49:00)

  • Afghanistan: Present Situation Challenges Ahead

    S 2008 : Ep 124

    Aired 1/24/08 (1:00:00)

  • Joseph Stiglitz: The Economics of Information

    S 2008 : Ep 0205

    Aired 2/5/08 (1:36:54)

  • Up Close and Personal: Share your Life

    S 2007 : Ep 926

    Aired 9/26/07 (50:00)

Season 2009 Episodes

See All
Ep 1022
A Conversation with New...
Ep 10.21.09
A Conversation with Bro...
Ep 10.22.09
A Conversation with GE ...
Ep 1215
'Tis the Season of Giving
Ep 1215
Ken Costa on The Roots ...
Ep 1211
Competitive Devaluation...
Ep 1209
Will the Global Recover...
Ep 1208
DiscoveryBeat 2009: Sta...
Ep 1208
Chinese Banks Have Plen...
Ep 1203
Markets, State & Democr...
Ep 1202
The Role of Prizes in I...
Ep 1130
Larry Summers: Innovati...
Ep 1120
Acumen Fund Investor Ga...
Ep 1119
A Global Investing Pers...
Ep 1119
Think Again: Why Good L...
Ep 1117
Acumen Fund Investor Ga...
Ep 1117
Acumen Fund: Using Publ...
Ep 1117
A Global Investing Pers...
Ep 1117
Bringing Clean Energy t...
Ep 1117
Acumen Fund: Building a...
Ep 1117
State of the Union: Acu...
Ep 1117
High Quality and Low Co...
Ep 1117
The Talent Gap A Leader...
Ep 1117
Brian Trelstad: Acumen ...
Ep 1117
The Future of the Auto ...
Ep 1116
Smarter TV: The Future ...