James Pethokoukis

A coming age of austerity? Maybe

June 18, 2010

A Reuters Breakingviews column:

Europe’s newish cult of austerity may have some converts in Washington. The U.S. Senate is having surprising trouble passing a routine spending bill that grows the budget gap. Bipartisan resistance could hint that deficit hawks are starting to gain the upper hand in Congress.

Did Goldmans Sachs just douse Dems 2010 election hopes?

June 18, 2010

Liberal pundits and economists such as Paul Krugman have no use for the White House “Summer Recovery” PR tour. (Note that it isn’t called the “Prosperity Tour.”) They continue to¬†attack the Obama administration for worrying too much about the budget deficit and too little about high unemployment. The White House response has been three-fold.