Threat from mounting public job losses tested Obama’s economic strategy
Activer le mode zenZachary A. Goldfarb
As the economic recovery has struggled to pick up speed, one of the biggest stumbling blocks has been job losses in state and local governments, which have been on the rise for much of President Obama’s term.Early on, Obama fought for aid that saved hundreds of thousands of these jobs, economists say. Yet a year later, when his economic advisers said another large round of aid was critical for the health of the economy, Obama declined to make it a key part of his agenda. His political advisers said such an effort would be fruitless. Republican opponents on Capitol Hill, including some who were glad to see the public sector shrink, were arguing that these jobs were not vital for the economy.
Today, as Obama seeks another term, the heavy job losses at the state and local level remain a significant economic concern. His response at different moments underscores how the president has sometimes fought hard against the political odds for policies he thinks crucial and at other times relented when the chances of success seemed low.
Read on...
Pour citer cette ressource :
Threat from mounting public job losses tested Obama’s economic strategy, La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2012. Consulté le 27/12/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/threat-from-mounting-public-job-losses-tested-obama-s-economic-strategy