James Pethokoukis

Obama will do ‘whatever it takes’ to boost the economy? Really?

July 2, 2009

On CNBC today, WH economist Christina Romer said the president is committed to “doing whatever it takes” to turn around the economy. And she did not rule out a second stimulus plan. Yet the president will not cut corporate taxes or investment taxes —  even temporarily much less in a permanent way that would boost confidence and certainty. I think the WH believes it can pretty much ride this out, 2012 being a long way a way and Dems have structural advantages in 2010.

This is how bad that jobs report was …

July 2, 2009

Economist David Rosenberg thinks the jobs report was, in effect, a boot heel stomping all over the green shoots:

Bill Gross: America’s dark economic future … Happy Independence Day!

July 2, 2009

Pimco bond guru — and occasional White House economic adviser –  Bill Gross paints a really depressing economic future

Unemployment in June at 9.5 percent … or is it 10 percent?

July 2, 2009

According to the Labor Department, the economy lost 467,000 jobs and the unemployment rate ticked up to 9.5 percent in June.  But lots of workers have stopped looking for work and that skews the unemployment rate. If workers were looking for jobs in the same numbes as they were in June 2008 (we are talking about the labor force participation rate which was 66.1 percent then and 59.5 percent now), the unemployment rate would be at 10 percent.