James Pethokoukis

What the Obama economy will look like in 2012

July 31, 2009

You know, i don’t agree with all it, but I do agree with a lot of this analysis from Joel Kotkin:

Obama’s problematic surtax on the rich

July 31, 2009

Bruce Bartlett makes several good points about slapping a surtax on wealthier Americans to pay for expanding healthcare coverage: 1) breaks the linkage between the taxes people pay and the benefits they receive; 2) won’t actually generate enough dough to pay for reform; 3) ignores the vast tax subsidy for high-end health plans. Other than that, it is a super idea.

The declining odds of a public plan

July 31, 2009

A handy way of summing up what a rough patch the Obamacrats have been going through, (via Intrade and Baseline Scenario):

Or maybe it is time to shutter the Fed …

July 31, 2009

It took my pal John “The Professor” Tamny of RealClearMarkets about a nanosecond to respond to my blog column about Ron Paul’s plan to audit the Fed. He let loose with both barrels:

Ron Paul’s Dumb Plan to Audit the Federal Reserve

July 31, 2009

The Federal Reserve is at least partially to blame for the economic crisis. It left interest rates too low for too long, and laxly regulated the megabanks. Given this reality, or at least this public perception, it’s not surprising that there are plenty of economists and politicos with oodles of ideas for re-imagining the central bank’s role and function. (Linking its policymaking operations more directly to the performance of market metrics such as the greenback, bond rates, and commodities would be a good start.)

5 quick takes on the 2Q GDP report

July 31, 2009

Here is a smattering of quick opinion on today’s second quarter GDP report from around the Street:

The case against Ben Bernanke

July 30, 2009

Over at ClusterStock, former Merrill Lynch strategist Richard Bernstein tells us why it should be “one and done” for Ben Bernanke. (He compares BB to Burns and Miller from the 1970s. Ouch!)

America’s top 1 percent pay 40 percent of all taxes

July 30, 2009

The Tax Foundation review of new IRS data (through 2007) finds some remarkable things about America’s progressive tax system:

Getting a recovery in the worst way possible

July 30, 2009

It is like opening a present and finding a bomb inside. Gluskin Sheff economist David Rosenberg on the “recovery”: