Economist Jeffrey Sachs Hits Obama: "There's Never Been A Plan"

Discussion in 'Politics' started by bone, Aug 19, 2011.

  1. bone

    bone ET Sponsor

    Economist Jeffrey Sachs Hits Obama: "There's Never Been A Plan"

    Economist Jeffrey Sachs slammed President Obama on MSNBC's "Morning Joe" on Friday.

    "We're almost three years into this administration, and there's never been a plan. And that's what everybody feels. And the president didn't lead. He waited. The quintessential image, sadly, of an administration that I supported and hoped for much better, is the president waiting by the phone to hear what Congress calls to tell him. It doesn't work in this country that way. It's not a matter that it's August. It's a matter that it's August 2011. So we've been drifting for a very long time. And we've been drifting down. And we had a short-term plan that failed. A short-term stimulus that was supposed to get the economy back on track, but it failed. And now we have nothing behind it. And we have no agreements, and we have no leadership. And, frankly, I do think it's pretty odd the president's on vacation right now. Normally I wouldn't care about such things, but the world markets are in deep crisis. It's no joke. This isn't just an up-and-down little blip. This is a very serious situation."
  2. Illum


    To his last point....Seriously. Europe on verge of bank runs, financial panic spreading to all markets and you take a vacation. No excuse for it.
  3. pspr


    It's Obama's "bury my head in the sand and hope it goes away" policy.
  4. bone

    bone ET Sponsor

    The incredibly durable and shocking thing about what Sachs is saying with respect to Obama is that Sachs is universally known as a very liberal economist.

    From Wiki:

    Sachs has also been criticized by leftists for having an overly neoliberal perspective on the economy.

    Jeffrey David Sachs (pronounced /ˈsæks/; born November 5, 1954, in Detroit, Michigan) is an American economist and Director of the Earth Institute at Columbia University. One of the youngest economics professors in the history of Harvard University, Sachs became known for his role as an adviser to Eastern European and developing country governments in the implementation of so-called economic shock therapy during the transition from communism to a market system or during periods of economic crisis. Some of his recommendations have been considered controversial. Subsequently he has been known for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization.

    Sachs is the Quetelet Professor of Sustainable Development at Columbia's School of International and Public Affairs and a Professor of Health Policy and Management at Columbia's School of Public Health. He is Special Adviser to United Nations Secretary-General Ban Ki-Moon, and the founder and co-President of the Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. From 2002 to 2006, he was Director of the United Nations Millennium Project's work on the Millennium Development Goals, eight internationally sanctioned objectives to reduce extreme poverty, hunger, and disease by the year 2015. Since 2010 he has also served as a Commissioner for the Broadband Commission for Digital Development which leverages broadband technologies as a key enabler for social and economic development.[1] He is a member of the scientific committee of the Fundacion IDEAS, Spain's Socialist Party's think tank.

    He has authored numerous books, including The End of Poverty and Common Wealth, both New York Times bestsellers. He has been named one of Time Magazine's "100 Most Influential People in the World" twice, in 2004 and 2005.
  5. Lucrum


    He might as well go on vacation. He doesn't have a fucking clue as to what to do anyway.