--- title: "Meaning & Key Takeaway of: In response to the recession, the Obama…" description: "\"In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing prog..." image: "https://sms4smile.com/quotes/i/e20/glenn-hubbard-31613_administration_in-response-to-the-recession-the-obama-a_1027478.jpg" --- # In response to the recession, the Obama administration… ![“In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in 'green' companies. As a consequence, uncertainty over policy - particularly over tax and regulatory…” quote by Glenn Hubbard](https://sms4smile.com/quotes/i/e20/glenn-hubbard-31613_administration_in-response-to-the-recession-the-obama-a_1027478.jpg) [Download](https://sms4smile.com/quotes/i/e20/glenn-hubbard-31613_administration_in-response-to-the-recession-the-obama-a_1027478.jpg) [Open image](https://sms4smile.com/quotes/i/e20/glenn-hubbard-31613_administration_in-response-to-the-recession-the-obama-a_1027478.jpg) > “In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in 'green' companies. As a consequence, uncertainty over policy - particularly over tax and regulatory policy - slowed the recovery.” [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The administration’s focus on short‑term, costly measures and green investments created policy uncertainty, hindering a swift recovery. **In simple terms:** Short‑term fixes and policy uncertainty slowed recovery. Key Takeaway Prioritize clear, long‑term economic strategies. Themes economics policy recovery uncertainty green investment Mood critical analytical Type policy economic When to use this quote - business planning - investment decisions - government programs - environmental projects Key Concepts Fiscal stimulus regulatory risk political economy Questions to Reflect On - What alternative policies could have accelerated growth? - How to balance environmental goals with economic stability? A Different Perspective May overlook benefits of stimulus and green initiatives. ★ ★ ★ ★ ★ No ratings yet [Administration](https://sms4smile.com/quotes/about/administration/) [Chose](https://sms4smile.com/quotes/about/chose/) [Companies](https://sms4smile.com/quotes/about/companies/) [Consequence](https://sms4smile.com/quotes/about/consequence/) [Costly](https://sms4smile.com/quotes/about/costly/) [Emphasize](https://sms4smile.com/quotes/about/emphasize/) [Green](https://sms4smile.com/quotes/about/green/) [Housing](https://sms4smile.com/quotes/about/housing/) [Ineffective](https://sms4smile.com/quotes/about/ineffective/) [Invest](https://sms4smile.com/quotes/about/invest/) [Management](https://sms4smile.com/quotes/about/management/) [Myriad](https://sms4smile.com/quotes/about/myriad/) [Nowhere](https://sms4smile.com/quotes/about/nowhere/) [Obama](https://sms4smile.com/quotes/about/obama/) [Obama administration](https://sms4smile.com/quotes/about/obama-administration/) [Over](https://sms4smile.com/quotes/about/over/) [Particularly](https://sms4smile.com/quotes/about/particularly/) [Policy](https://sms4smile.com/quotes/about/policy/) [Policy Slowed](https://sms4smile.com/quotes/about/policy-slowed-2327321/) [Programs](https://sms4smile.com/quotes/about/programs/) [Recession](https://sms4smile.com/quotes/about/recession/) [Recession Obama](https://sms4smile.com/quotes/about/recession-obama-2327318/) [Recovery](https://sms4smile.com/quotes/about/recovery/) [Regulatory](https://sms4smile.com/quotes/about/regulatory/) [Response](https://sms4smile.com/quotes/about/response/) [Response Recession](https://sms4smile.com/quotes/about/response-recession-2327319/) [Rush](https://sms4smile.com/quotes/about/rush/) [Short term](https://sms4smile.com/quotes/about/short-term/) [Stimulus](https://sms4smile.com/quotes/about/stimulus/) [Stimulus Programs](https://sms4smile.com/quotes/about/stimulus-programs-2327320/) [Tax](https://sms4smile.com/quotes/about/tax/) [Uncertainty](https://sms4smile.com/quotes/about/uncertainty/) ## Related quotes > [Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. 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Few people use them effectively. The maze of information makes it difficult for…](https://sms4smile.com/quotes/sher-valenzuela/there-are-myriad-government-programs-out-there-to-help-small/) [Sher Valenzuela](https://sms4smile.com/quotes/author/sher-valenzuela/) > [To a mathematician the eleventh means only a single unit: to the bushman who cannot count further than his ten fingers it is an…](https://sms4smile.com/quotes/george-bernard-shaw/to-a-mathematician-the-eleventh-means-only-a-single-unit-to-the/) [George Bernard Shaw](https://sms4smile.com/quotes/author/george-bernard-shaw/) > [Acceptance does not mean that you placidly acquiesce to the myriad injustices that are all around you. In fact, that you are incensed about…](https://sms4smile.com/quotes/srikumar-rao/acceptance-does-not-mean-that-you-placidly-acquiesce-to-the-myriad/) [Srikumar Rao](https://sms4smile.com/quotes/author/srikumar-rao/) > [In all its myriad manifestations, the language of anti-Semitism through the ages is a dictionary of non-sequiturs and antonyms, a thesaurus of illogic and…](https://sms4smile.com/quotes/paul-johnson/in-all-its-myriad-manifestations-the-language-of-anti-semitism/) [Paul Johnson](https://sms4smile.com/quotes/author/paul-johnson/) > [I have to bring my A-Game 24/7, between creating, draping, and overseeing a myriad of different brands.](https://sms4smile.com/quotes/zac-posen/i-have-to-bring-my-a-game-24-7-between-creating-draping-and/) [Zac Posen](https://sms4smile.com/quotes/author/zac-posen/) > [I'm an avid reader myself, and what any one reader accesses at any one time is very powerful and personal to them. Clearly you…](https://sms4smile.com/quotes/darren-boyd/i-m-an-avid-reader-myself-and-what-any-one-reader-accesses-at-any-one/) [Darren Boyd](https://sms4smile.com/quotes/author/darren-boyd/) > [I think the last thing you want to do as a writer, as a storyteller, is to create indifference. I don't necessarily go out…](https://sms4smile.com/quotes/dan-hill/i-think-the-last-thing-you-want-to-do-as-a-writer-as-a-storyteller-is/) [Dan Hill](https://sms4smile.com/quotes/author/dan-hill/) > [China is still a developing country with a myriad of tasks and challenges.](https://sms4smile.com/quotes/li-keqiang/china-is-still-a-developing-country-with-a-myriad-of-tasks-and/) [Li Keqiang](https://sms4smile.com/quotes/author/li-keqiang/) > [Let's face it: pop music in its myriad permutations will always be sexually presumptuous, racially controversial and, frequently, politically charged.](https://sms4smile.com/quotes/dan-hill/let-s-face-it-pop-music-in-its-myriad-permutations-will-always-be/) [Dan Hill](https://sms4smile.com/quotes/author/dan-hill/) ## More by Glenn Hubbard > [The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the…](https://sms4smile.com/quotes/glenn-hubbard/the-obama-administration-s-attempted-short-term-fixes-even-with/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business…](https://sms4smile.com/quotes/glenn-hubbard/the-obama-administration-s-large-and-sustained-increases-in-debt/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.](https://sms4smile.com/quotes/glenn-hubbard/i-don-t-accept-as-an-article-of-faith-that-lots-of-short-term/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I don't expect the U.S. and China to get into a trade war simply because I think there are good people on both sides…](https://sms4smile.com/quotes/glenn-hubbard/i-don-t-expect-the-u-s-and-china-to-get-into-a-trade-war-simply/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I think Governor Romney has a two-part budget plan that very much levels with voters far more so than any candidate in my lifetime.](https://sms4smile.com/quotes/glenn-hubbard/i-think-governor-romney-has-a-two-part-budget-plan-that-very-much/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that's the…](https://sms4smile.com/quotes/glenn-hubbard/the-real-issue-for-the-public-is-to-figure-out-which-narrative-do-we/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own…](https://sms4smile.com/quotes/glenn-hubbard/president-obama-has-ignored-or-dismissed-proposals-that-would-address/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll…](https://sms4smile.com/quotes/glenn-hubbard/what-governor-romney-is-proposing-is-an-across-the-board-cut-in/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the…](https://sms4smile.com/quotes/glenn-hubbard/president-obama-has-basically-avoided-or-not-done-any-attempt-to/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to…](https://sms4smile.com/quotes/glenn-hubbard/i-think-the-ethos-for-gov-romney-is-to-use-a-whole-variety-of/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a…](https://sms4smile.com/quotes/glenn-hubbard/i-can-t-imagine-an-argument-that-says-that-raising-marginal-tax-rates/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [To me, entrepreneurship means something different. I think of it as identifying and valuing opportunity.](https://sms4smile.com/quotes/glenn-hubbard/to-me-entrepreneurship-means-something-different-i-think-of-it-as/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [I can't give political advice to politicians.](https://sms4smile.com/quotes/glenn-hubbard/i-can-t-give-political-advice-to-politicians/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the…](https://sms4smile.com/quotes/glenn-hubbard/we-pursued-the-wrong-policies-george-bush-is-not-on-the-ballot-bill/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) > [Gradual fiscal consolidation may also be stimulative in the short run.](https://sms4smile.com/quotes/glenn-hubbard/gradual-fiscal-consolidation-may-also-be-stimulative-in-the-short-run/) [Glenn Hubbard](https://sms4smile.com/quotes/author/glenn-hubbard/) [Explore all 16 Glenn Hubbard quotes ](https://sms4smile.com/quotes/author/glenn-hubbard/) ## More Administration quotes > [We need a system that serves our needs, not the needs of others. Remember, under a Trump administration it's called America first. Remember that.](https://sms4smile.com/quotes/donald-trump/we-need-a-system-that-serves-our-needs-not-the-needs-of-others/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [While the people retain their virtue and vigilance, no administration, by any extreme of wickedness or folly, can very seriously injure the government in…](https://sms4smile.com/quotes/abraham-lincoln/while-the-people-retain-their-virtue-and-vigilance-no-administration/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [If you want to serve in a Trump administration, you're going to serve this country, not yourself.](https://sms4smile.com/quotes/sean-spicer/if-you-want-to-serve-in-a-trump-administration-you-re-going-to-serve/) [Sean Spicer](https://sms4smile.com/quotes/author/sean-spicer/) > [Listen, I have a great affection and respect for Joe Biden. I think he's been a great vice president. 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