James Pethokoukis

Insta-analysis

February 11, 2010

What I think about what the blogosphere is thinking about.

No Pain Here: At the Enterprise blog, Mark Perry rounds up some great factoids about the boom in public sector wages. (“The number of federal workers making $150,000 or more has more than doubled since the recession started.”) As it happens, just read a great City Journal article on the role of the public employee unions on California’s economic problem. This is an issue with momentum.

VAT Attack! Obama and middle-class tax hikes

February 11, 2010

As long-time readers know, I am convinced that the Obama administration is itching to slap the US economy with a value-added tax. Team Obama just needs to figure out how to do it politically. Listen to the POTUS in this BBW interview:

Paul Ryan’s Long (Deficit) Goodbye

February 10, 2010

Why should Tim Geithner be so confident that America will “never” lose its AAA credit rating? The White House doesn’t currently have a long-term plan to stanch America’s fiscal hemorrhaging. Hoping and wishing for a successful deficit commission does not make a plan. The Treasury secretary’s statement sounds like one of those perfunctory defenses of the dollar.

Financial reform hits double deep freeze

February 10, 2010

Even before the U.S. capital was buried under three feet of snow in a matter of days, Washington was frozen solid. Democratic bumbling and Republican obstructionism had sapped legislative momentum from key reforms in finance as well as healthcare and energy. That gridlocked state of affairs is unlikely to change even after Snowmageddon blows into history and the federal government reopens its shuttered offices.

Coming soon …

February 9, 2010

… the resumption of this blog. Until then, you can follow me on Twitter at http://twitter.com/JimPethokoukis.

Obama bails on ‘cap-and-trade thing’

February 3, 2010

President Barack Obama is now calling the carbon trading scheme that is supposed to heal the planet a “cap-and trade-thing.” That can’t be a good sign for the concept.

Illinois Senate race … meh

February 3, 2010

Illinois voters are not too thrilled with their choices for US Senate, according to Public Policy Polling:

The next Treasury secretary will be …

February 3, 2010

Well, Simon Johnson thinks it should be Tom Hoenig, president of the Kansas City Fed:

Obama and middle-class tax cuts

February 3, 2010

The Tax Foundation thinks the White House is too sensitive about charges that middle-class taxes are going up:

We are all Austrians now (when it comes to economics)

February 3, 2010

Or so says Ed Yardeni, who puts the current economic situation in a philosophical perspective: