Renowned French economist to join Obama’s team

[zimmer]

France’s Esther Duflo, a world renowned economist, has been nominated by US President Barack Obama to join a government body dedicated to advising the administration on global development policy.


Called the Global Development Council, the group was founded by Obama in 2010 to help shape US development efforts abroad.


While Duflo’s nomination will likely be viewed with a sense of pride in France, it comes as Obama’s leadership continues to be dogged by unflattering comparisons in the media to European-style socialism. Just Friday, the cover of financial news magazine The Economist depicted Obama wearing a beret, red neckerchief and a striped mariner shirt, under a headline that read “America turns European”. The article criticised the country’s recent fiscal-cliff deal as “lousy”, saying its mismanagement bore striking similarities to the “mess in the euro zone”.

French daily Le Monde once awarded her its “Best French Young Economist Prize”, and in 2009,...

Renowned French economist to join Obama

ROTFLOL... A Madame responsible for spending our money. How quaint.

 

[Muddy Creek]

ROTFLOL... A Madame responsible for spending our money. How quaint.

Did you read the article? This person is looking into the US in Europe and what we can do to help there.

Too bad you missed it.

France’s Esther Duflo, a star economist who was once named one of Time magazine’s 100 most influential people in the world, has been nominated by US President Barack Obama to help shape US global development policy.

Policy...ONLY.

 

[Fisher]

Did you read the article? This person is looking into the US in Europe and what we can do to help there.

Too bad you missed it.



Policy...ONLY.

I am less interested in us helping Europe and more interested in us helping ourselves, but I am selfish that way but hey, one person's recession is another's way of trying to avoid their failures at home.

 

[zimmer]

Did you read the article? This person is looking into the US in Europe and what we can do to help there.

Too bad you missed it.



Policy...ONLY.

I read the article... since when have we cut spending?

What i$ policy? What doe$ policy require? We know "Obama'$ "policie$" ha$ co$t u$ 6 trillion little green one$. Now we have Madame Monique Economique to help "spread our wealth around".

 

[Juiposa]

Europe's economy collapses, the world's collapses. The Eurozone is the second largest economy in the world. Just letting it spiral into its eventual doom is a bit dim witted. Seeing as Europe hasn't been able to solve this problem yet, looking elsewhere for help is natural when you can't do it yourself.

 

[j-mac]

Europe's economy collapses, the world's collapses. The Eurozone is the second largest economy in the world. Just letting it spiral into its eventual doom is a bit dim witted. Seeing as Europe hasn't been able to solve this problem yet, looking elsewhere for help is natural when you can't do it yourself.

Then maybe Europe should step away from the Socialism table, and start to do the things that don't take our money with the accompanying flushing sound.

 

[Juiposa]

Then maybe Europe should step away from the Socialism table, and start to do the things that don't take our money with the accompanying flushing sound.

Socialist policies did not cause the crisis, economic downturn and subsequent poor action on the part of governments did. Most European countries where fine with their policies before 2008.

 

[j-mac]

Socialist policies did not cause the crisis, economic downturn and subsequent poor action on the part of governments did. Most European countries where fine with their policies before 2008.

Sure it did....But I don't expect you to come to reality on that point.

 

[StringBean]

Socialist policies did not cause the crisis, economic downturn and subsequent poor action on the part of governments did. Most European countries where fine with their policies before 2008.

*cough* Bloated Public Workforce *cough* Structural Deficit Spending *cough* Loss of Investor Confidence Resulting From #1 and #2 *cough*

AKA...euro-socialism WORKS!!!

 

[poweRob]

..........

 

[poweRob]

*cough* Bloated Public Workforce *cough* Structural Deficit Spending *cough* Loss of Investor Confidence Resulting From #1 and #2 *cough*

AKA...euro-socialism WORKS!!!

About that "Bloated Public Workforce"

*cough*

 

[StringBean]

About that "Bloated Public Workforce"

*cough*


View attachment 67140467

I suppose a graph of many euro zone countries would look similar. Perhaps due to necessity? Not to mention, I said nothing of America's public workforce. It was a rebuttal of euro-socialism.

Nonetheless, "bloated" referred to the unsustainable pensions and benefits granted to public employees. And the corollary in America, would be to employees of the states, many of which are running unsustainable deficits. They run to the federal government to bail them out (see Stimulus), as Greece and others run to Germany to fix the mess they created.

Workin' like a charm ain't it...I'm so glad the least business-friendly country in a depressed euro zone is willing to send their brightest economists our way. Their best idea was a 75% tax rate on the wealthy. Laughable. But perfect for Obama.

 

[ReformCollege]

Europe's economy collapses, the world's collapses. The Eurozone is the second largest economy in the world. Just letting it spiral into its eventual doom is a bit dim witted. Seeing as Europe hasn't been able to solve this problem yet, looking elsewhere for help is natural when you can't do it yourself.

That's where Socialism gets you .

 

[ReformCollege]

Socialist policies did not cause the crisis, economic downturn and subsequent poor action on the part of governments did. Most European countries where fine with their policies before 2008.

Greece was running enormous deficits since the 1980s, they just had banks cover them up by coverting their debt into other currencies and hiding them away.

France has had 7% or higher unemployment since the 1990s.

Do either of these scenarios sound fine to you?

 

[Bronson]

Socialism is a disease. All it ever does is spread misery and suffering, kills opportunity, kills incentive, and kills upward mobility.

 

[Camlon]

About that "Bloated Public Workforce"

*cough*
View attachment 67140467

It was bloated, right now it is getting better. In the period 2000 - 2008 the private workforce grew with 5% while the public workforce grew with 10%. Then after the crisis the gap widened. So from 2000 - 2010 private workforce grew by -3%, while public workforce was still at 10%.

Since then the gap has been reduced to 2% for private workforce and 7% for public workforce. However, those cuts were not easy to implement. There was many who refused to acknowledge that the public workforce was bloated in 2010.

Also, to make matters worse the wage gap has been widing too