Danishova

Idgit Watch

A notable quotable: Mark Ambinder on Obama’s team last December

Posted by danishova on March 26, 2009

This made me laugh. I was trying to find quotes from Obama about the cause of the recession and came across this gem:

Mark Ambinder
The Atlantic Monthly
December 13, 2008

It’s quite unsettling to talk to members of Barack Obama’s transition teams these days, especially those who are helping with the economics portfolio. Without going into details, the sense I get from them is that they are very worried that the economy will get a lot worse before it gets better. Not just worse… a lot worse. As in — double digit unemployment without the wiggle factors. Huge declines in aggregate demand. Significant, persistent deficits. That’s one reason why the Obama administration seems to be open to listening to every economist with an idea and is stocking the staff with the leading lights of the field….

The part about the “persistent deficits” and “listening to every economist” was chuckleworthy too.

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