James Pethokoukis

Roubini: More pain to come

May 28, 2009

Nouriel Roubini paints a gloomy picture of the economy ahead:

“I still expect that economic growth in the U.S. is going to be negative through Q4, and that we’ll see positive growth in Q1,” Roubini told Reuters in an interview on the sidelines of the Seoul Digital Forum.

Confused taxpayers are happy taxpayers?

May 28, 2009

Bob Williams over at the Tax Policy Center takes note of recent research that suggests “taxes don’t always have to depress demand. People may not react to tax changes they don’t perceive. If the price change isn’t obvious, homo economicus goes on merrily consuming the same as before.”

Cheney: Let GM fail

May 28, 2009

Larry Kudlow had a marvelous chat with the former veep yesterday. I think this exchange on GM is particuarly noteworthy:

Happy ending unlikely for GM

May 28, 2009

My pal Pete Davis over at Capital Gains and Games gives a  great 96-word GM sitrep:

The Republican healthcare gambit

May 28, 2009

I wrote a Reuters column yesterday about the GOP alternative to Obamacare just offered by Sens. Coburn and Burr and Reps. Ryan and Nunes. Read the column. Study it. Memorize it. But here are a few observations: