James Pethokoukis

Not winning the future: more on Obama’s strange ATM comments

June 22, 2011

My pal Russell Roberts of George Mason University speaks Economic Truth to Political Power as he dismantles Obama’s weird comments that ATM machines and automation kill jobs (via the Wall Street Journal):

Jon Huntsman’s pitch perfect presidential speech

June 21, 2011

When was the last time someone announced for U.S. president with a barn-burner of a speech? I can’t think of one recently, not even Barack Obama in 2007.  And Jon Huntsman’s speech was certainly no worse than Mitt Romney’s or Tim Pawlenty’s. But style aside, what did he say? He seems to want to deal with entitlements sooner rather than later:

Did Obama save U.S. from a depression? Not so much

June 21, 2011

My old boss John Merline of Investor’s Business Daily eviscerates  President Obama’s recent claim that back in 2009 “we had to hit the ground running and do everything we could to prevent a second Great Depression.”

Which GOP 2012er has the best jobs record?

June 21, 2011

Katrina Trinko at National Review Online puts them through their paces:

According to a National Review Online analysis of seasonally adjusted employment data (looking at the total number of those employed) from the Bureau of Labor website, Gary Johnson has the best record of the official candidates, with a job-growth rate of 11.6 percent during his tenure. … Among the crowd who governed primarily during the 2000s, Huntsman has the best record. During his 2005 to 2009 tenure as governor of Utah, the number of jobs grew by 5.9 percent.

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:

Union attack on Boeing turns into unfunny joke

June 18, 2011

Obamaland’s assault on Boeing went from economic tragedy to political farce during a House Oversight Committee field hearing in South Carolina on Friday. Lafe Solomon, acting counsel of the National Labor Relations Board, dropped this gem: