James Pethokoukis

U.S. unemployment, state by state

October 22, 2009

A great map by NPR. Notice the high rates in swing states like Florida, Ohio and Michigan.

How the Baucus bill pays for healthcare reform

October 22, 2009

If those Medicare cuts don’t happen, forget about it, gang (via the Tax Foundation):

Romer: Unemployment likely to remain “severely elevated”

October 22, 2009

Watch CEA chair Christina Romer manage voter expectations:

Consistent with the recent cyclical pattern, the unemployment rate is predicted to continue rising for two quarters following the resumption of GDP growth. Whether this happens and how high the unemployment rate eventually rises will obviously depend on the strength of the GDP rebound. …  With predicted growth right around two and a half percent for most of the next year and a half, movements in the unemployment rate either up or down are likely to be small. As a result, unemployment is likely to remain at its severely elevated level.

Wall Street pay is the Great Distraction of the Great Recession

October 22, 2009

If I made of list of factors contributing to the recession and financial crisis, Wall Street pay would come in around 6th, after 1) easy monetary policy; 2) TBTF; 3) US housing policy; 4) global savings glut/China labor shock; 5) Wall Street group think.  Yet pay is where so much energy is being directed at this issue thanks to its populist appeal. America hates TARP so Washington needs to make amends by hammering execs at TARP recipients.