Caixin OnlineOpinionMagazine ColumnistDean Baker More of the Same at the U.S. Treasury
01.17.2013 11:15

More of the Same at the U.S. Treasury

Following the same playbook as the Clinton Administration with spending cuts – and ignoring the need for stimulus measures – is only going to hurt the U.S. economy
By Dean Baker
 
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U.S. President Obama nominates Jacob "Jack" Lew to be the new Treasury Secretary


Last week U.S. President Obama announced his intention to replace retiring Treasury Secretary Timothy Geithner with Jack Lew, who currently serves as his chief of staff. This pick indicates that there will be little change in President Obama's economic agenda in his second term.

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