James Pethokoukis

Huntsman rides hard into the 2012 race

June 17, 2011

When Jon Huntsman, America’s man in Beijing until recently, joins the U.S. presidential race next week, he won’t be coming alone. His entry will add a China spin to the economic issues under debate by the current Republican field. That alone should make his candidacy one worth watching.

5% or bust: more on America’s growth potential

June 17, 2011

So typical. The WaPo’s Ezra Klein quotes a bunch of people saying that there is no way, no how the economy can grow at 5 percent for a decade,  the “aspirational” economic goal of Tim Pawlenty.

Obama’s fantasy growth forecast

June 17, 2011

Another downgrade for the US economy:

(Reuters) – The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are “playing with fire” unless they take immediate steps to reduce their budget deficits.

The hypocritical White House attack on McKinsey

June 16, 2011

Consulting firm McKinsey put out a report on Obamacare that the White House doesn’t like very much. Here is the relevant bit (bold is mine):

2011 ‘Recovery Summer’ looking like a disappointing rerun of 2010

June 16, 2011

Those “bumps in the road” are starting to come fast and furious. The mix of disappointing U.S. economic reports and fear of a Greek default must be weighing heavily right now on the minds of the Obama 2012 re-election team. We are now looking at another quarter of around 2% GDP growth, which will do little to lower unemployment.  A few selections from my email in-box:

Pawlenty’s 5 percent solution

June 8, 2011

Tim Pawlenty should be praised for decisively rejecting the declinism that has infected much of the Washington and New York elite. His speech Tuesday at the University of Chicago was a robust reminder of all that once was good in America and could be again.

Boosting the U.S. economy isn’t all that hard

June 7, 2011

John Tamny of Forbes speaks Truth to Power:

An economy is not a living, breathing blob, rather it’s a collection of individuals acting in their individual self interest. In that case, to stimulate ours or any economy, it’s really quite simple. Remove the roadblocks to economic activity which are taxes, regulation, barriers to trade, and cheap, unstable money.

Pawlenty’s big economic speech

June 7, 2011

Just watched Tim Pawlenty outline his approach to reinvigorating the American economy during a speech at the University of Chicago. A few initial thoughts:

Club for Growth slaps Romney economic record

June 7, 2011

Very tough Club for Growth analysis of Mitt Romney’s economic policy record as governors of Massachusetts. Here is the group’s conclusion:

Romer-Bernstein unemployment chart — updated

June 7, 2011

The good folks at e21 have updated the wildly optimistic chart from January 2009 prepared by incoming White House economists Jared Bernstein and Christina Romer. You know, the one that show the Obama stimulus plan would keep unemployment from hitting 8 percent.