James Pethokoukis

Austerity makes for bad politics

March 1, 2010

It looks like the Conservatives in Britain are getting worried that their emphasis on deficit reduction is hurting the party with voters. Labour seems to be catching up in the polls:

Wall Street triumphant

March 1, 2010

Rightly or wrongly, Wall Street is given blame for the Great Financial Meltdown — at least far more so than the Fed, US housing policy and government Too Big To Fail policy. So looking at how financial reform is coalescing in Congress, the big banks have to feel relieved. No one is being broken up, no return of Glass Steagall, the new consumer protection regulator is being continually whittled down, no super regulator. Things may have gone much differently had financial reform been more of a priority than healthcare. Wall Street’s execs may not deserve bonuses, but its lobbyists sure do.