Economist, Obama Supporter Says White House Has No Economic Plan
2:00 PM, Aug 19, 2011 • By MICHAEL WARREN
On MSNBC's Morning Joe today, economist Jeffrey Sachs, a self-professed supporter of Barack Obama in 2008, said the president has no plan to save the economy and that "there's never been a plan."
"The quintessential image, sadly, of an administration that I supported and hoped for much better, is the president waiting by the phone to hear what Congress calls to tell him," said Sachs. "It doesn't work in this country that way. It's not a matter that it's August. It's a matter that it's August 2011."
Sachs sharply criticized the stimulus and said there is no leadership in the administration. "A short-term stimulus that was supposed to get the economy back on track, but it failed," he continued. "And now we have nothing behind it. And we have no agreements, and we have no leadership. And, frankly, I do think it's pretty odd the president's on vacation right now. Normally I wouldn't care about such things, but the world markets are in deep crisis. It's no joke."
Watch the video at Real Clear Politics.