Barry Ritholtz posts an anonymous critique of Mark Zandi, one of the most frequently cited economists in Washington. The nameless investment banking analyst writes:
Mark Zandi, chief economist at Moody’s Analytics, in a New York Times opinion piece, suggests holding off on letting tax rates rise for wealthy Americans:
In a new paper released today, entitled “How the Great Recession Was Brought to an End,” prominent economists Alan Blinder and Mark Zandi say that the stimulus, stress tests, emergency Federal Reserve maneuvers and Troubled Asset Relief Program saved the economy from collapse.
Earlier today, I participated in a reporters’ call with Sen. Debbie Stabenow (D-Mich.), one of the loudest proponents of the immediate passage of the extension of federal unemployment insurance benefits, as well as Mark Zandi, chief economist for Moodys.com, and Heather Boushey of the Center for American Progress. The topic More…
The case is now famous. The homeowner had applied for the Home Affordable Mortgage Program, or HAMP, an Obama administration initiative to give distressed and tapped-out borrowers lower monthly payments. Applicants are meant to be just scraping by — they have to file hardship affidavits and the government presumes More…
Sen. Jim Bunning’s (R-Ky.) recent one-man stand against legislation extending unemployment benefits offered a high-profile airing of a popular GOP message: Deficit spending, in almost any form, will cause more harm than good to a fragile economy.
Standing in the way of the Republicans’ reasoning, however, has been another More…
Democrats promoting their $15 billion jobs bill Thursday were hoping to get a strong endorsement from one of the nation’s most influential financial experts. Instead, Mark Zandi, chief economist at Moody’s Economy.com, said the bill is “too small” to tackle the jobs crisis and More…
Last week, as House Democrats took to the floor with near-unanimous praise for legislation to help the unemployed and stimulate the fragile economy, Rep. Lloyd Doggett (D-Texas) offered a wildly different assessment.
“This bill,” he said, “represents a textbook example of how not to deal with the economic challenges that More…
There has been much debate on the effectiveness of the Democrats’ proposed $825 billion stimulus strategy, and today party leaders found another prominent supporter.
Mark Zandi, the head economist at Moody’s Economy.com and a seemingly omnipresent witness at Capitol Hill proceedings, released a report today indicating that the Democrats’ plan More…
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