James Pethokoukis

Another look at the Growth Gap

June 20, 2011

I just ran across this great chart from Jim Glassman over at JPMorgan that illustrates the Growth Gap and how it is imperative we grow this economy faster.

It’s not just McKinsey suggesting Obamacare is a mess

June 20, 2011

Editor’s Note: This piece has been updated. Please see the update below.

Consulting firm McKinsey kicked up a hornet’s nest with these recent findings:

The Growth Gap

June 20, 2011

The main reason we have a big budget deficit right now is that the U.S. economy has been growing too slowly for a decade, including the Great Recession and Terrible Recovery. That means less tax revenue and more government services like unemployment insurance and Medicaid. So perhaps the real way Obamanomics has worsened our debt situation is by contributing to this extended period of weak growth.

Why we need a tax holiday for overseas earnings

June 20, 2011

U.S. companies have huge profits sitting offshore, and some in Congress want to give them a tax break as incentive to bring nearly $1 trillion back to America. The New York Times describes the plan this way:

Digging down into America’s weak labor market

June 20, 2011

The main reason the unemployment rate is so high is that the recession was so deep and the economic “recovery” is so anemic. But part of the problem may be a mismatch between job opening and the skills of unemployed workers. Here is WaPo’s Robert Samuelson: