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Well, welcome everybody to another debate from Intelligent Squared U.S. I'm John Don

Venav ABC News and once again it is my pleasure to serve as host and moderator. As the six

debaters you see sharing the stage here with me at the Skirmals Center for the Performing

Arts at New York University, three against three will be debating this motion. Obama's

economic policies are working effectively. In that debate, you are live audience here at

the Skirmals Center, act as the judges. By the time the evening has ended, you will

have voted twice once before the debate begins and once again at the end to tell us whether

you agree or disagree with the motion. And at the end of the debate, the team that has

changed the most minds will be declared our winner.

And let's let the debate begin. Round one opening statements, we begin with Mark Zandy

who is an economist in the founder of Moody's economy.com. During the 2008 presidential campaign

he was an advisor to Senator John McCain. He has since become an advisor to the Obama

White House, Mark. I'm not sure what that tells us about, which side you're on, but the

floor is yours.

I'm an ecumenical economist. Let's put it that way. I want to thank Intelligent Squared

...