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Riding the Tiger > Category: Economic Policy

Riding The Tiger

“I discovered that being a President is like riding a tiger. A man has to keep on riding or be swallowed.” Harry S. Truman

Economic Recovery: Built to Last?

ABC's panel of economic experts at the Newseum in Washington, D.C.

Watch full video of the debate on ABC’s website.

“It’s the economy, stupid!” as James Carville, Bill Clinton’s campaign strategist, famously said in 1992. Ten years later, that phrase rings just as true. The economy will no doubt play a significant role in the 2012 campaign as the public considers which candidates are best equipped to lead the country in the face of uncertain economic times.

Recognizing the importance of the economy this election season, the Miller Center partnered with ABC’s This Week with George Stephanopoulos in the second of six special episodes as part of our 2012 Election National Discussion and Debate Series. The all-star panel featured Google Executive Chairman Eric Schmidt, former HP CEO Carly Fiorina, former Governor Jennifer Granholm of Michigan, New York Times op-ed columnist and Nobel Prize-winning economist Paul Krugman, former Comptroller General David Walker, and Pulitzer Prize-winning commentator George Will. Watch videos of the panel and a web extra of Paul Krugman discussing inflation here

Economic Effects on Immigration

The Bracero Program

In 1942, the first Mexican workers arrive in Los Angeles, California, as part of the Bracero Program.

Today the Supreme Court will hear oral arguments on Arizona’s S.B. 1070 law, which allows local police to inquire about the immigration status of people—stopped for any reason—whom they suspect are in the country illegally. One of the core issues at the heart of the Supreme Court decision is which level of government should address immigration policy. In a post for Riding the Tiger earlier this week, Anna O. Law provided historical context to the debate over who should control immigration policy.

S.B. 1070 and other state laws also raise important questions regarding the link between the economy and immigration. Historically, debates over national immigration policy have included two arguments. The first is the claim that immigrants do work that Americans do not want to do. On the other hand is the concern that illegal immigrants take jobs away from Americans.

It’s Tax Day!

President Obama and Warren Buffett

President Obama and Warren Buffett

Today is the IRS tax filing deadline for 2011. Be sure to get your taxes submitted today. 

Throughout history, presidents have been involved in setting tax policy and then trying to sell their plan to the public. Recently President Obama has been touting the benefits of the Buffett Rule, which would raise taxes on people earning more than $1 million a year. As CNN acknowledged, the Buffett Rule has little chance of moving forward in the U.S. Senate, but Bloomberg Businessweek's Joshua Green argues that it might be more powerful as a political message than as actual legislation. 

Presidents and Tax Policy: The Politics of Persuasion is a Miller Center exhibit that looks at various snapshots of presidential tax policy drawing on a wide array of its resources, including presidential speeches, forums, presidential recordings, and oral histories.

Devaluing the Dollar: the Legacy of the End of Bretton Woods

A dollar under the gold standard

A gold standard 1928 US dollar bill. Note it is identified as a “United States Note” rather than a Federal Reserve Note.

On this day in 1972, President Richard Nixon officially closed the gold window, eliminating the ability of dollar holders to convert the US currency into gold. What effect does this have on the US economy today? 

The Economic Crisis and the (Political) Revival of Manufacturing

Obama at Master-Lock plant in Milwaukee on Feb. 15, 2012

President Obama visits Milwaukee’s Master-Lock plant on Feb. 15.  Photo by WisPolitics.com.

Since his January State of the Union address, President Obama has emphasized the centrality of manufacturing for the U.S. economy. In a rare example of shared cross-partisan priorities, Obama’s Republican rivals have also emphasized manufacturing in recent months. This is a significant and surprising departure from the economic focus of most recent presidential campaigns.