James Pethokoukis

A different kind of “second stimulus”

October 6, 2009

Larry Kudlow speaks or, rather, writes:

As for the second stimulus package, here’s my plan: Go for growth. Reduce tax rates to provide growth incentives, something Team Obama has avoided like the plague. Cut the top corporate tax rate from 35 to 25 percent, and accompany that with a small-business tax cut from 35 to 25 percent. And leave the Bush tax cuts alone. Don’t let them expire in 2011. That’s cap-gains, dividends, and the top personal rate.

Is dollar supremacy a false economic god?

October 6, 2009

Lots of folks are in a tizzy about this report of an Arab-Russian-French-Chinese plot (sounds like a typical episode of 24) to stop using the dollar in oil trading. Add to this a) the already declining dollar, b) the rise in gold and c) the recent speech by Robert Zoellick where he warned about dollar threats and you have d) visions of a dollar apocalypse and the end of America as we know it.

$10 trillion for clean energy? Maybe a bit overambitious

October 6, 2009

Working for the International Energy Agency must be hoot. Where else can you recommend a $10 trillion investment and kinda-sorta be taken seriously? From the WSJ:

Obama and the VAT: Now it’s Pelosi’s turn

October 6, 2009

You can add House Speaker Nancy Pelosi to the group of Democrats or Obama allies (John Podesta, Paul Volcker, Roget Altman) calling for a value-added tax. (I predicted all of this days ago.) Here is Pelosi (via The Hill):