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Blog Archive

Tuesday, November 04, 2008

Ross School of Business Professors Provide Election Balance Sheet

It’s Election Day in the United States, and the country is poised to choose its next president in one of the most notable races in the nation’s history. For the still undecided out there – and apparently such people do really exist – you won’t want to miss this panel discussion held earlier in the month at the University of Michigan’s Ross School of Business.

Ross professors convened on October 14th to chart Barack Obama and John McCain’s respective positions on taxes, healthcare, trade and housing – and to provide their views of the potential impact each candidate’s plan could have on the country as a whole.

Against the backdrop of an unprecedented economic crisis, the candidates’ positions on money matters have taken center stage this election season. “Economic issues have been absolutely paramount in this campaign,” said Joel Slemrod, Ross professor of business economics and public policy.

Slemrod, who also serves as director of the Office of Tax Policy Research at the University of Michigan, led the discussion of tax policy, comparing and contrasting the plans put forth by Obama and McCain.

Thomas Buchmueller, Ross professor of risk management and insurance, led a discussion of the candidates’ approaches to healthcare, noting fundamental philosophical differences. Each plan has its strengths, said Buchmueller, but also areas of concern.

International trade has been less an area of focus in the run-up to today’s election, in part because the United States’ membership in the World Trade Organization limits the power the next president will have in this arena. Still, each candidate has provided important indicators of the direction in which trade policy will likely move under his leadership. These were outlined as part of the panel by James Levinsohn, a professor of public policy at the University of Michigan.

Finally, to discuss the housing crisis and how the next president should address the issue of regulation, the panel turned to Robert Van Order, a Ross adjunct professor and former chief international economist at Freddie Mac. Backing the federal bailout plan, as each candidate did, was the right move, Van Orden said.

To view a video of the entire panel, click here.

And don’t forget to vote!

# posted by Clear Admit @ 6:45 pm in General, School: Michigan / Ross

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