Just days after Joe Biden and Austin Goolsbee have stated that ‘discussing a second stimulus package would be premature’, Laura D’Andrea Tyson thinks that the $787 Billion wasn’t big enough. The CBO is reporting that only $19 Billion has been spent through April and the NY Times is reporting that the federal government has paid out less than 6 percent of the money.
Obama Adviser Says U.S. Should Mull Second Stimulus (Update2)
July 7 (Bloomberg) — The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President Barack Obama.
The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.
Tyson’s comments contrast with remarks made two days ago by Vice President Joe Biden and fellow Obama adviser Austan Goolsbee, who said it was premature to discuss crafting another stimulus because the current measures have yet to fully take effect. The government is facing criticism that the first package was rolled out too slowly and failed to stop unemployment from soaring to the highest in almost 26 years.
Who is Laura D’Andrea Tyson? I know Monster readers want to know.
Laura D’Andrea Tyson is an American economist and former Chair of the US President’s Council of Economic Advisers during the Clinton Administration. She also served as Director of the National Economic Council. She is currently a professor at the Haas School of Business of the University of California, Berkeley, as well as an economic adviser to President Barack Obama. She is considered a contender for a key economic policy position in the Obama Administration.
From 2002 to 2006, Tyson was the first female Dean of London Business School. From 1998 to 2001, she was Dean of the Haas School of Business. She served in the Clinton Administration as Chairman of the President’s Council of Economic Advisers from 1993 to 1995 and Director of the National Economic Council from 1995 to 1996. Tyson has been a member of the Council on Foreign Relations since 1987, a Director of Morgan Stanley since 1997, a Director of AT&T Inc. since 1999 and a Director of Eastman Kodak.
Laura D. Tyson
AKA Laura D’Andrea Tyson
Race or Ethnicity: White
Nationality: United States
Executive summary: Dean of London Business School
University: BA Economics, Smith College (1969, summa cum laude)
University: PhD Economics, Massachusetts Institute of Technology (1974)
Professor: Economics, Princeton University (1974-77)
Scholar: UC Berkeley (1988-92)
Professor: Economics/Business, UC Berkeley (1997-2001)
Administrator: Trustee, Smith College (1997-98)
Administrator: Dean, Haas School of Business, UC Berkeley (1998-2001)
Administrator: Dean, London Business School (2002-)
US National Security Council
US National Economic Council Chairman (1995-96)
US Council of Economic Advisers Chairman (1993-95)
US Official Domestic Policy Council
Member of the Board of Ameritech (1997-99)
Member of the Board of AT&T (1999-)
Member of the Board of Healtheon Corporation (1997-)
Member of the Board of Kodak (1997-)
Member of the Board of Morgan Stanley (1997-)
Warburg Pincus Economic Advisory Board (1997-)
Hambrecht & Quist Consultant (1984-86)
Business Week Economic Viewpoint Columnist (1998-)
The Los Angeles Times Board of Economics (1989-92)
Asia Foundation Trustee
Brookings Institution Trustee
Council on Foreign Relations Board of Directors (1987-)
Institute for International Economics Board of Directors (1997-)
MacArthur Foundation Board of Directors (1997-98)
New America Foundation Board of Directors (1998-)
Obama for America
Phi Beta Kappa Society
Does that not make you feel all warm and fuzzy inside knowing that this well educated and well connected human wants to take more of your money?
Make sure to take a moment and go here and peruse the names and associations.
This person is the poster child for the NY and international banksters and the globalists and she thinks we need a second stimulus package.
Can we fire congress, abolish the Fed and impeach Obama yet?
If Steny Hoyer is your non-representative, what are you going to do about it?
U.S. must be open to second economic stimulus: Hoyer
WASHINGTON (Reuters) – U.S. leaders should be open to the possibility of a second stimulus package to jolt the economy out of a recession still causing job losses, House of Representatives Majority Leader Steny Hoyer said on Tuesday.
Funny how the name Warburg Pincus just sort of leaps out off the page at you, isn’t it?
Yeppers Grail! Imagine that?…and The New American Foundation. Guess who is behind that one?
Color me shocked! Eric Schmidt of Google you say!?! Noooooo! Not the keeper of the interwebs! I’m shocked, I tell you! Shocked! 8)
Is it not a requirement for all of this economic education to have actually read a book on economics? These people KNOW EXACTLY what they are doing and that it will totally collapse the economy and the dollar. Things are going from bad to worse, and it is still not going fast enough for these people!
Don’t they realize that America will not stand for this much longer? I am beginning to believe that they WANT us to revolt! We can’t be bled much further till there is nothing left to give. When people have lost everything, and have nothing left to loose, they loose IT!
Tyson was on TV constantly during the Clinton years and seemed quite sane. I know she spent some time in London prior to ObamaWorld.
What goes on in the minds of people who seemed sane at one time and suddenly do a complete personality change???
IA – you need to dig just a little tiny bit on the London Business School with what you know now and you will see it.
I saw her comments earlier today…Berkeley say no more! These academics are so short sited. They are too busy inserting the amount of the stimulus for X in their models and getting the economic output response from their highly intelligent computers all the while forgetting that an economy is never so simple. If you spend a whole bunch of money and in doing so, scare people away from the market, should your next move be to spend a whole bunch more money. Perhaps, Obama should come back and explain to us idiots how only government can get us out of the recession…that is so long as everyone not in government, all consumers and private businesses, go out and begin churning out economic activity.
I want to go on record AGAIN as saying that if you want to stimulate the economy – give each and every legal American citizen $1,000,000.00 DOLLARS and watch what happens. Does anybody have any idea how many small business will spring up and how many homes will be bought putting a floor under the housing crash?
THAT WOULD BE STIMULUS IN ACTION – NOT $500.00