Stimulating Dreams: Better than Berkowitz w/Obama, Berkowitz w/Zorn on Obama's Economy Fix

From Eric Zorn, to Jeff Berkowitz:    

I doubt that a larger [economic] stimulus could have passed…But I admit not only that Obama thought at the time [800 billion dollars of stimulus] was going to be enough but also that it wasn't deftly designed for maximum impact…

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I keep having this dream, again and again:  I (not Charlie Rose) am sitting at a big oak table. On my left are Eric Zorn, Barack [six PA shows] Obama, Pete Giangreco, Julie Hamos, Rahm Emanueland Carol Marin. On my right are Joe Morris, John Tillman, Dan Proft, Mark Kirk, Bill Brady and Kirk Dillard. These are some of my most frequent, most notable and in one instance, most conspicuously absent, guest(s) [The Dirty Dozen] for our political interview TV show, Public Affairs.

In the dream, my guests are, at first, totally quiet, but staring intensely at me. Nothing is on the table except for my phone. It is two minutes to show time and I have no guest scheduled to appear. Then, they all say in unison, “Don’t you think you should try to get a guest by picking up the phone,” and they all break out in uproarious laughter. Then I wake up, sweating profusely.  I ask you, Joseph and Sigmund, what does it mean?

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For yet another Perspective from the odd Couple, visit yesterday’s Chicago Tribune [Section 1, p. 21], or read the clip, below, and take the link to the site of the fairest journalist in the City.  Pity Tiger Woods. the Chicago Tribune and Eric Zorn’s millions of readers when Eric retires, giving up his column and blog to join the PGA tour. [Please note, Eric, this post, exclusive of this parenthetical and the below, comes in just under the wire at 240 words; the entire post, including the below, comes in at less than standard column length at 550 words.  As Ronald Reagan would say, “not bad, not bad, not bad at all.”]

From Eric Zorn, to Jeff Berkowitz:    

I doubt that a larger [economic] stimulus could have passed…But I admit not only that Obama thought at the time [800 billion dollars of stimulus] was going to be enough but also that it wasn't deftly designed for maximum impact…

The second false premise is that Obama has failed. Yes, we have not seen a strong turnaround … But he inherited an economy in free fall and has been fighting the twin head winds of the European debt crisis and the Republican faith in the magic of austerity that's blocking his jobs bill.

But he did succeed in yanking this nation back from the brink of disaster…

From Jeff, to Eric:

Nice try. Almost everyone knows it was the push by the quasi-governmental agencies Fannie Mae and Freddie Mac to drive banks to lend to unqualified homebuyers that set the stage for the crash of 2008. All those toxic mortgages were wrapped in securities that were misrated and bought by banks and others. Romney understands this. Obama doesn't.

Since you raise the Bush tax cuts in the context of Romney's policies, let's bring Obama into that mix. The only thing that saved Obama from having even higher unemployment was the Bush tax cuts…

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The centerpiece of Romney's economic program could be tax cuts for the next 10 years on marginal rates of income earned. And, he could create even more jobs by passing 10-year capital gains tax cuts.

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For the complete Berkowitz-Zorn exchange, please go here.

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