Topic: White House Council of Economic Advisers
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Gas prices and five other liabilities for Obama in 2012
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Photos of the Day: Photos of the Day 09/10
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Deja vu on tax policy
"Dynamic scoring," or adjusting revenue estimates based on the expected effects of tax policies on the size of the economy, won't fix the deficit problem
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Why Obama picked Alan Krueger as next top White House economist
In a Rose Garden briefing, President Obama named Princeton University economist Alan Krueger as the next head of the White House Council of Economic Advisors.
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Stock market volatility: Dow jumps on jobs report, plunges, then rises again
Stock market gains early Friday morning were wiped out by noon, before another rally ensued. A better-than-expected jobs report gave some analysts hope that another recession could be averted.
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US economy 'has barely budged': 1.3 percent growth in GDP
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
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America is playing with fire with its default talk
The US is the only major economy where leaders talk openly about the potential of default. It's dangerous because financial markets would punish the US with high interest rates if traders believed the US would default.
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Monitor Breakfast Q&A: Congressional Budget Office Director Douglas Elmendorf
Congressional Budget Office Director Douglas Elmendorf discussed the "dangerous gamble" of a potential American default on its debt ceiling, the heavy impact of even slight shifts upward in US borrowing costs and his belief that a "great deal of the pain of this downturn lies in front of us still" at a June 14 Monitor breakfast.
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The 5 percent growth plan: nice but not promising
A presidential candidate thinks the US can grow its economy by 5 percent in a decade, and a professor has come up with a plan for it. The plan isn't impossible, but it's still not very realistic.
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Obama, where are your economists?
Politicians need a team of stellar economists for advice during campaign season, and Obama seems to have lost his
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Obama loses a top economic adviser. In this economy, is that a good thing?
White House economist and longtime Obama adviser Austan Goolsbee says he's returning to academia. Considering Americans' views of the slow recovery, perhaps that helps the president.
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New jobs down, unemployment up: Is the economy hitting a pothole or a ditch?
Unemployment increased to 9.1 percent in May, and only 54,000 new jobs were created. Economists point to lingering impacts of the tsunami plus rising food and gas prices.
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Gas prices and five other liabilities for Obama in 2012
“Yes We Can” was so 2008. Now President Obama is the incumbent, with a record to defend. More than whom the Republicans nominate to run against him in 2012, how voters perceive Mr. Obama’s accomplishments and liabilities – two highly subjective categories, at times overlapping – will determine whether he gets four more years. Here are his top six liabilities, including still-high gas prices:
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Vague language is OK in early debt reduction talks
Non-specific terms like 'tax reform' and 'entitlement changes' help rally people around the idea that some changes must be made
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Unemployment rate drops 0.1 percent, showing 'positive momentum' in job market
The United States added 216,000 new jobs in March, mostly in the private sector job market, driving the unemployment rate down to 8.8 percent.
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Q&A with CEA Chair Austan Goolsbee
President Obama's chief economist, Austan Goolsbee, discussed the economic impact of rising oil prices, why he believes corporate leaders will create jobs in the US, and why it's a bad idea not to raise the US Government's debt ceiling at a Feb. 24 Monitor breakfast.
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Unemployment rate drops to 8.9 percent. Has the economy turned a corner?
Not only did the unemployment rate fall, but the US economy added 192,000 jobs in February. But economists view the numbers differently.
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What the president’s economic report leaves out
The report by the president's Council of Economic Advisers makes no mention of 'tax reform' or 'entitlements.'
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Should US draw on strategic reserves to temper rise in oil prices? (video)
Rapidly rising oil prices, and fears it could harm the US economy, make tapping the strategic reserves a tempting option. But analysts say it would work only for the short term.
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Obama's top economist: Oil price hike not likely to derail economy (video)
The White House is monitoring rising oil prices but sees the US economy as better positioned to absorb them than in 1979, when oil prices spiked in the wake of the Iranian Revolution.
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Tax reform: the wheels are beginning to turn
Tax reform efforts would probably start with corporate taxes, because Republicans and Democrats both have reason to fix them.
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Unemployment rate dives, but few new jobs created. How can that be?
Unemployment rate dropped from 9.4% to 9.0% last month, according new Labor Department statistics. But only 36,000 new jobs were created. Where did the rest of the unemployed go?
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Republicans would rather default than raise taxes? Seriously?!
Congressional Republicans say they won't raise the debt ceiling until spending is changed. That's not a principled stand, it's a threat against America honoring its word.
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Obama team plans for 2011 – and for 2012
Obama and his senior staff are hard at work on the size and shape of his White House team as they prepare for the 2012 elections. He hopes to spend more time outside of Washington.
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Unemployment jumps, job creation slows. Is economic stall-out here?
Unemployment rate rose to 9.8 percent, as US economy gained a disappointing 39,000 jobs last month, versus 172,000 in October. The news may prod Congress toward more stimulus spending.
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Vote 2010: How did Obama, Democrats lose their way on the economy?
Obama stands at the head of a party poised to lose control of Congress in Vote 2010. Democrats' handling of economic issues and the high unemployment rate are key factors.
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Consumers, businesses boost US economy; 5 things we learn from GDP report
The US economy grew 2 percent in the third quarter, the Commerce Department reports. But imports limited the benefit to the GDP from increased consumer and business spending.
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