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Why "We're on the Right Track" Isn't Enough, and What Obama's Plan Should Be for Boosting the Economy

Sun, 04/22/2012 - 20:50 — Dave Culver
Section(s): 
Economics
Government & Politics
  • The Obama White House should face it: "We're on the right track" isn't sufficient. The president has to offer the nation a clear, bold strategy for boosting the economy. It should be the economic mandate for his second term.
  • Things Are Not O.K.

Robert Reich, Huffington Post

President Obama's electoral strategy can best be summed up as: "We're on the right track, my economic policies are working, we still have a long way to go but stick with me and you'll be fine."

That's not good enough. This recovery is too anemic, and the chance of an economic stall between now and Election Day far too high.

Even now, Mitt Romney's empty "I'll do it better" refrain is attracting as many voters as Obama's "we're on the right track." Each man is gathering 46 percent of voter support, according to the latest New York Times/CBS poll. Only 33 percent of the public thinks the economy is improving while 40 percent say they're still falling behind financially -- an 11 point increase from 2008. Nearly two-thirds are concerned about paying for housing, and one in five with mortgages say they're underwater.

More...

Related:

Things Are Not O.K., Paul Krugman, New York (NY) Times

  • This is still a terrible economy, and policy makers should be doing much more than they are to make it better.
  • Robert Reich | The Austerity Death Trap
  • Paul Krugman | The Austerity Debacle
     

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