This morning on Fox News Sunday, host Chris Wallace moderated a discussion about the auto industry. One of his guests was Dr. Austan Goolsbee, who is a Member of President Obama’s Council of Economic Advisers and chief economist on the President’s Economic Recovery Advisory Board. I want to focus on some incorrect and inflammatory statements […]
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Tag Archives: treasury secretary
A quick guide to the G-20 summit
1 April 2009 
6 Comments
The President has arrived in London for the G-20 economic summit.
Read morePresident's Working Group on Financial Markets documents
14 October 2008 Comments Off
The President’s Working Group on Financial Markets met at 8:30 AM today to announce the specifics of the new policy actions described by the President in the Rose Garden earlier this morning. This note is just a collection of primary source documents from today’s announcement. Generalists will likely be interested in the first six documents, […]
Read moreAddress by President Bush on financial markets
24 September 2008 Comments Off
President Bush gave a major policy address on the State Floor of the White House this evening. THE WHITE HOUSE State Floor 9:01 P.M. EDT THE PRESIDENT: Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand […]
Read moreRose Garden Statement by President Bush on the Economy
19 September 2008 Comments Off
Here’s what President Bush said at 10:45 AM today in the Rose Garden. This is really important. Good morning. I thank Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox for joining me today. This is a pivotal moment for America’s economy. Problems that originated in the credit markets — […]
Read moreStatement by Treasury Secretary Hank Paulson
19 September 2008 Comments Off
The President will speak at 10:45 AM. I’ll send his remarks soon after he has spoken. Here’s what Secretary Paulson said shortly after 10 AM this morning. Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy and productive working session with Congressional leaders. We began a substantive discussion […]
Read moreStimulus 2008: a need for speed
30 January 2008 Comments Off
The House passed the bipartisan growth bill (aka the “stimulus bill”) yesterday on an overwhelming 385-35 vote. 93% of Democrats and 85% of Republicans voted aye. That vote is a direct result of the cooperation among Speaker Pelosi, Republican Leader Boehner, and Treasury Secretary Hank Paulson on behalf of the President. The bill now heads […]
Read moreA bipartisan economic booster shot
24 January 2008 Comments Off
Last Friday the President spoke about the need for additional Congressional action on the economy. Outsiders are referring to this as fiscal stimulus. We’ve been calling it a growth package. There’s a lot to say, so I’m going to break this up into three big parts. what the President proposed; why the President proposed it; […]
Read moreSubprime mortgages, part 2
13 September 2007 Comments Off
This is part two (of two) of your crash course on problems and solutions in the mortgage markets. Here’s part one. There is also a great op-ed on the financial market impacts of these mortgage market problems. It ran in today’s Financial Times, and was coauthored by two Administration officials: Treasury Undersecretary for International Affairs […]
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