James Pethokoukis

About the Bush tax cuts …

September 11, 2009

I like the growthy 2003 Bush tax cuts; the social-policy 2001 version not nearly as much. But it is wrong to say these cuts were only for the rich, as the POTUS said earlier this week (from the Tax Foundation):

The speech that didn’t matter

September 10, 2009

President Barack Obama’s speech on Wednesday night went about as well as the White House could have reasonably hoped.

Obama needs a new healthcare plan, not a new speech

September 9, 2009

Crazy — at least according to a snarky definition — is doing the same thing over and over and expecting a different result.

First financial reform, then healthcare

September 9, 2009

I think this is a pretty smart piece of political analysis from my friend Barry Ritholtz:

The trigger that won’t get pulled

September 9, 2009

My pal Dan Clifton over at the Strategas Group gives his superinformed two cents:

Why the Dems may implode in 2010: 4 scenarios

September 9, 2009

A Democratic meltdown next year? Washington is abuzz with speculation by prominent political handicappers such as Charlie Cook and Stuart Rothenberg. Republican hopes for a huge congressional comeback in the 2010 midterm elections rest on three pillars:

3 reasons why cap-and-trade is in trouble

September 8, 2009

The man who will almost certainly become Japan’s next prime minister, Yukio Hatoyama, is promising to cut the nation’s greenhouse gas emissions by 25 percent from 1990 levels by 2020.

More on the weak U.S. labor market

September 8, 2009

This analysis from Ed Yardeni:

Based on the previous two cycles, the unemployment rate should peak in 15-19 months, or sometime between September 2010 and January 2011! When might employment recover? The previous two experiences suggest this might occur within the next 11-21 months after June, or between May 2010 and March 2011.

Globalization and war

September 8, 2009

Something to think about  from Tom Barnett when contemplating globalization and the revolt against it:

Why economic insecurity isn’t helping Democrats

September 8, 2009

Some Democrats thought they would have a much easier time pushing through changes in healthcare, trade and labor policy thanks to the recession. The theory was that economic insecurity would nudge people toward the warm embrace of government.  Obviously that does not seem to be happening. Indeed, past polls showed that economic downturns actually make people more skeptical of Big Government. Apparently, that is also true of Big Labor. This from a recent Gallup poll: