James Pethokoukis

Obama’s unemployment forecasts

February 2, 2010

Brad DeLong looks at the Obama unemployment forecasting record:

delongchart

Cutting spending vs. raising taxes

February 2, 2010

The Washington consensus is that taxes will go up sharply because there is no will to cut spending. Yet that may not be the view outside of the 202 area code.I just got back from a wing-ding at the Hoover Institution where economist Robert Hall quite matter-of-factly assumed big future spending  cuts because, in his opinion, Washington did not have the will to broadly raise taxes. Certainly, the new Obama budget sticks to the Dem pattern of only raising investment and incomes taxes on the so-called wealthy, at least transparently.