James Pethokoukis

The long walk back

March 4, 2011

WH economic adviser Austan Goolsbee:

The 0.9 percentage point drop in the unemployment rate over the past three months is the largest such decline since 1983, and it has been driven primarily by increased employment, rather than falling labor force participation.

America, what’s gone wrong? I think it’s this

March 4, 2011

No one chart could sum up everything gone wrong with the U.S. economy, but this one comes close to showing America’s misplaced priorities:

Kudlow: Rising oil prices aren’t a big problem … yet

March 4, 2011

The Great One, Larry Kudlow, on the rise in oil prices:

In any event, I side with clear-eyed Wall Street forecaster John Ryding, who believes the $10 or so oil-price hike will reduce real growth by only one-quarter of a percent while adding a like amount to inflation. Ryding expects 3.5 percent growth this year.

Matt Miller vs. Paul Ryan

March 4, 2011

Over at the WaPo, the great Jennifer Rubin takes Matt Miller to task for his completely unfair and wrongheaded critique of Paul Ryan.  See, Matt Miller has a thesis shared by many in the MSM and center-left think tank community. It goes like this:

China is booming … unless it stops

March 4, 2011

If you are looking for something to worry about (via the WSJ), here you go:

wsj

Obama vs. Reagan, 20 months in

March 4, 2011

Great context from the Heritage Foundation:

Since the Obama recovery began 20 months ago, the national unemployment rate has fallen only half a point, from 9.4 percent in July 2009 to 8.9 percent today. Contrast those anemic results with the robust job growth that occurred during the Reagan recovery in the ’80s. By the 20-month mark of the Reagan recovery, unemployment had dropped from 10.8 percent to 7.5 percent – a 3.3-point drop.

Some scary numbers about U.S. education

March 4, 2011

Some devastating factoids on U.S. education from the good folks over at Reason (I have gleaned some numbers from an article well worth reading in whole):

Debt ceiling battle could shake markets

March 4, 2011

“To attract any Republican votes to a debt ceiling increase, you’re going to have to come up with some serious spending reductions and some budget process reforms. There is going to have to be a significant incentive.”