In a talk to a Columbia University Audience Nov. 17, economist and Director of the Earth Institute Jeffrey Sachs was eager to criticize Washington over it's handling of the economic downturn. Known for offering ambitious solutions to large economic problems, such as in his book The End of Poverty, Sachs characteristically suggested solutions on how public spending should be used to expand the US economy while benefiting the rest of the world. Although he presented thoughtful ideas regarding investment in infrastructure and green technology, his cynicism toward the U.S. government's capabilities reflected doubt that any of his ideas are politically possible.
Sachs on Obama
“The progressive candidate won by saying we're going to cut taxes more... That's the shallowness of our political system.”
Obama won the presidency on an ambitious, progressive platform, but Sachs argues that as a result of proposed middle-class tax cuts and overly optimistic projections on budget savings, Obama will never have the money to enact much of his agenda. In anticipation of a troop increase in Afghanistan, he also lists the wars and the military industrial lobby as other obstacles threatening a balanced budget. Because of the slow pace at which issues are dealt with in Congress, cap-and-trade, education, and clean energy policy are currently being deferred in favor of substantive, but more visible crises like health care reform and the war in Afghanistan. While this deliberate pace of passing legislation is nothing new, Sachs predicts that the former list of issues will fall victim to both the budget and politics. His frustration with the political system is easy to empathize with, but his criticisms of the government seem less resonant when given so pessimistically. Nonetheless, he is a convincing pundit and is effectively using his independent role as an academic and poverty advocate to take a dissident stance against the Obama administration.
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