James Pethokoukis

Should Obama get credit for ending the recession?

June 3, 2009

Mustard seeds (or green shoots, if your prefer) are appearing everywhere, from credit markets to manufacturing to housing. And of course the 40 percent surge in the U.S. stock market since mid-March is hard to miss.

Obama’s ‘Moonstruck’ healthcare plan

June 2, 2009

The White House released an economic analysis of the economic benefits of healthcare reform. After skimming it, I am reminded of this classic scene from 1987 film “Moonstruck” where the economics of plumbing are explained:

Deficit worries and the 2010 election

June 2, 2009

My pal Stan Collender offers a must-read blog post over at Capital Gains and Games. But because I am a journalist, let me point out one portion that I take issue with:

A liberal dream plan for GM

June 1, 2009

MIchael Moore makes the following minor and humble suggestions to the White House about what it should do with its 60 percent stake in General Motors. Some excerpts:

Rising oil prices and the economy

June 1, 2009

Here is an an interesting nugget from the recent congressional testimony of economist/blogger James Hamilton about what rising oil prices will for the U.S. economy in the coming year (bold is mine):

Of interest rates and budget deficits

June 1, 2009

Amidst all the talk about bond vigilantes and Obamanomics, JPMorgan economist Jim Glassman makes a good point about the murky relationship between interest rates and budget defiticts:

Does Obama really believe GM can survive?

June 1, 2009

President Obama struck an optimistic note today on the New GM:

I am absolutely confident that if well managed, a new GM will emerge that can provide a new generation of Americans with the chance to live out their dreams, that can out-compete automakers from around the world. When that happens, we can truly say that what is good for General Motors, and all who work there, is good for the United States of America.

Poll: Blame Bush not Obama for recession

June 1, 2009

From Rasmussen:

President Obama contends he inherited the nation’s ongoing economic problems and that his actions since taking office are not to blame. Sixty-two percent (62%) of U.S. voters agree with the president that the problems are due to the recession that began under the Bush administration.

Can Free Marketeers Embrace Obama’s GM?

June 1, 2009
Certainly most of the free market/conservative/libertarian types I chat with are in a tizzy about the General Motors bankruptcy — or, to put it more accurately, the 60 percent government ownership of GM once it emerges from its quickie bankruptcy. Government Motors. But is there a free market case for the Obama auto bailout? Here is what I was able to gin up: