Michael Boskin, senior fellow at the Hoover Institution, the T.M. Friedman Professor of Economics at Stanford University, and chairman of George H.W. Bush's Council of Economic Advisers from 1989 to 1993, and Alan Auerbach, professor of economics and law at the University of California, Berkeley, spoke on “The Economy and the Election” at the Stanford Institute for Economic Policy Research (SIEPR) on Monday, September 24, 2012.
Boskin, the first director of SIEPR, argued that government spending has grown without subsequent improvements in the recession and that Obama’s policies could cause the nation to incur more debt. Auerbach explained how Obama’s focus on taxation and government spending has been helpful thus far and remains a better option than Romney’s policies. Although they disagreed on a number of topics, one issue they agreed on is that there are tough decisions ahead.
"If Obama is elected, I hope his immediate move would be to do a complete about-face on what he's said during the campaign," said Boskin. (Stanford Report)
“The general impression is that government has grown or is out of control under the Obama administration,” said Auerbach. “But what's actually holding us back is very weak growth in the government.” (Stanford Report)
Click here to read the full article in the Stanford Report.