David Shulman, senior economist at the UCLA Anderson Forecast and editorialist for U.S. News & World Report, used that platform this week to advocate for new management. “If our country were run as business, both political parties would be fired,” Shulman wrote.
He wrote the “stunning management failures” of congressional Republicans and President Obama have damaged our economy and international standing while causing yet-unforeseen long-term consequences in the global marketplace.
“As a result of putting default on the table, not once, but twice, we are now in the process of losing our monopoly status as the world's reserve currency. As a result, the dollar will be weaker and interest rates will be higher; not necessarily today, but gradually, as global portfolios adjust to reflect the loss of our international credibility,” he wrote.
While the government shutdown received the lion’s share of his commentary, the well-publicized failures with the Affordable Care Act website and President Obama’s handling of the ongoing drama also received a negative review.
“The administration has had two and a half years to develop a website and all of the necessary back-end systems to enable Americans to purchase health insurance on a government run exchange. After all of that time and hundreds of millions of dollars, the system crashed on its first day, and it continues to fail,” he wrote.
Read Shulman’s blog here and get more on the UCLA Anderson Forecast here.
He wrote the “stunning management failures” of congressional Republicans and President Obama have damaged our economy and international standing while causing yet-unforeseen long-term consequences in the global marketplace.
“As a result of putting default on the table, not once, but twice, we are now in the process of losing our monopoly status as the world's reserve currency. As a result, the dollar will be weaker and interest rates will be higher; not necessarily today, but gradually, as global portfolios adjust to reflect the loss of our international credibility,” he wrote.
While the government shutdown received the lion’s share of his commentary, the well-publicized failures with the Affordable Care Act website and President Obama’s handling of the ongoing drama also received a negative review.
“The administration has had two and a half years to develop a website and all of the necessary back-end systems to enable Americans to purchase health insurance on a government run exchange. After all of that time and hundreds of millions of dollars, the system crashed on its first day, and it continues to fail,” he wrote.
Read Shulman’s blog here and get more on the UCLA Anderson Forecast here.
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