James Pethokoukis

Deferral Drama: Why Obama corporate tax reversal hints at a VAT

October 13, 2009

Many ideas that may have momentarily seemed like smart policy earlier this year — when rage at Wall Street and Corporate America hit a fevered pitch — didn’t survive a bit of calm reflection ((and intense business lobbying.). Like that 90 percent tax on executive bonuses. Or nationalizing the banks.

The Obama housing plan? Fail — at least so far

October 13, 2009

My Reuters colleagues give the tale of the tape:

Obama, grappling with the worst U.S. housing crisis since the Great Depression, pledged to help as many as 9 million families keep their homes by reworking their mortgages.

Obama, this is why America is not Europe

October 13, 2009

As usual, Joel Kotkin nails it:

In a rapidly aging society like Germany’s and those of other E.U. countries you can make a case for slow growth, limited work hours, early retirement and a strict regulatory regime. But for America, with its growing workforce and population, slow economic growth simply is not socially sustainable.

The bull case on the dollar

October 13, 2009

Scott Grannis, the Calafia Pundit, plots a currency course that does’t turn America into a third-world economy: