James Pethokoukis

Peter Orszag vs. the WSJ

December 14, 2009

OMB director Orszag didn’t much like a WSJ editorial about the lack of  fiscal prudence of ObamaCare. And he said so on his blog. I think Orszag makes a few reasonable points, like not counting on cost savings from the pilot programs.  But he side-stepped that fact that America will be spending more on healthcare, even if paid for. Then there is this:

Obama vs. Wall Street

December 14, 2009

A few thoughts on the banker summit at the White House:

1) Some banks were already trying to boost small business lending, such as Goldman Sachs and JPMorgan.

Cap-and-dividend instead of cap-and-trade?

December 14, 2009

The cap-and-trade approach to limiting climate emissions does not seem to be going anywhere in the Senate. But a more-populist bill introduced by Sens. Maria Cantwell (D-Wash.) and Susan Collins (R-Maine) might be another option. Its goal is to cut emissions 20 percent by 2020 and 83 percent by 2050. Key difference with the existing cap-and-trade approach (via The Hill):

Paul Ryan and the future of the GOP

December 14, 2009

This  commentary from  GOP thought leader Rep. Paul Ryan of Wisconsin really sets the intellectual and political framework for where the GOP might be headed.  He goes after Crony Capitalism, the melding of Big Money, Big  Business and Big Goverment. This is what’s next. Here are some important bits: