James Pethokoukis

Obama economic team not necessarily on way out

April 8, 2010

Government officials are like professional sports coaches: Most are hired to be fired and fatigue nabs the rest.

Stronger Chinese currency is good … and bad

April 8, 2010

This is from the New York Times is important (as outlined by me):

1) A stronger renminbi could prove a mixed blessing for the United States. If China cuts back sharply on purchases of Treasuries, then the Obama administration could find it harder to finance American budget deficits.

More on the future of Geithner, Summers and the Obama econ team

April 8, 2010

Bruce Bartlett adds this on the speculation about Tim Geithner and Larry Summers:

Bernanke’s strange comments on U.S. deficits

April 8, 2010

Cato’s Mike Cannon thinks Ben Bernanke’s comments on budget deficits should have come weeks ago. And he thinks he knows why they did not (excerpts):

CBO’s Elmendorf on the VAT

April 8, 2010

The Weekly Standard reports some interesting bits from a breakfast chat by Congressional Budget Office Director Doug Elmendorf. The charming Mary Katharine Ham has some quotes:

Why Geithner and Summers may stick around for a while

April 8, 2010

I am writing a column on this, given the rumors about Larry Summers soon departing.  But a few quick thoughts: