Thursday, June 12, 2008

Obama's Economic Advisor Disagrees With Most Of Obama's Rhetoric

So Barack Obama has named economist Jason Furman of the Brookings Institution as his top economic adviser. Very interesting pick. Already, liberal activists are in a tizzy because of his contrarian positions on some policy issues. Here is what I can tell you about Furman. (I have spoken with him on several occasions, and several conservative economists I know think highly of him.)
1) Furman is no protectionist. ...
2) Furman is also skeptical about a major pillar of economic thought in the Democratic Party, that the past three decades have been terrible for workers because of "stagnant wages." He sees it as intellectually dishonest to ignore healthcare and retirement benefits when doing that calculation, as well as the falling price of everything from computers to airline tickets. ...
3) Furman also sees the value in a low tax rate with few deductions and is in favor of Charlie Rangel's proposed corporate income tax cut. ...

Read the whole thing.
USNews -- The Jason Furman Saga: Has Obama His New Economic Adviser Yet?

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