James Pethokoukis

Ideology helps make Obama stubborn on taxes

September 8, 2010

President Barack Obama’s just-departed budget chief, Peter Orszag, thinks all the Bush-era tax cuts should be temporarily extended to bolster the weak U.S. economy. So does Mark Zandi, the go-to private economist of congressional Democrats. But Obama still vows to let high-end rates go higher again ASAP. His thinking is as much politics as economics.

Goldman Sachs on Stimulus 2.0

September 8, 2010

The Goldman Sachs econ team gives a rousing “meh” to the new Obama economic plan:

GOP to Obama: Freeze taxes for two years

September 8, 2010

The Republican reply to the POTUS tax plan:

Speaking ahead of an economic address set for later in the day by President Barack Obama, Boehner also proposed that the U.S. government cut spending for next year to 2008 levels — before federal corporate bailouts and Obama’s $814 billion economic stimulus plan.