James Pethokoukis

Like a Texas storm, Perry swamps Iowa straw poll

August 13, 2011

Congratulations to Michele Bachmann, but the big political winner Saturday wasn’t in Ames, Iowa. That politician was half a country away in South Carolina, completely scrambling the Republican presidential race.

GOP presidential debate fell short on ‘the vision thing’

August 12, 2011

During the close of the 2008 presidential election campaign, John McCain was unable to finally and persuasively and understandably give Americans a vision of where he wanted to lead them should he become the 44th president of the United States. Here is McCain flailing at the beginning of the first presidential debate against Barack Obama:

Why Romney’s right that ‘companies are people’

August 11, 2011

Liberal groups, like Think Progress, are jumping all over Mitt Romney for this (via TP):

Just where is the GOP on taxes right now?

August 11, 2011

After the recent debt ceiling debate, Republicans seemed pretty unified in their stance against raising taxes. But here is Ways and Means Chair Dave Camp, just appointed to the new debt supercommittee:

The U.S. debt situation vs. AAA governments

August 10, 2011

This chart from the Committee for a Responsible Federal Budget shows the U.S. situation could be considered the most dire:

Why growth is good

August 10, 2011

Today’s WSJ op-ed by Jeb Bush and  Kevin Warsh is hardly startling in its policy recommendations, as wise as those recommendations happen to be.  What I really like about the piece  is that its authors gave us the “why” as well as the “how.” And the “why” is not just about making CBO numbers add up:

Is Paul Ryan running for president?

August 9, 2011

A tantalizing item in The Hill is sure to prompt much speculation:

Rep. Paul Ryan (R-Wis.) made a foray Tuesday into the GOP presidential race, asking for donations to launch ads in Iowa defending his 2012 budget, and Republican presidential candidates’ support for it.

Will China shift economic gears?

August 9, 2011

Hey, China’s got economic problems, too. Excellent piece on the challenges facing the Middle Kingdom:

Waist deep in the Big Muddle

August 9, 2011

A needed dose of Larry Kudlow to counter my gloom:

The S&P downgrade is a fiscal warning, not an economic event. And the growing fear of U.S. recession may not pan out. There are still plusses out there, believe it or not.

A crisis of confidence in economy — and Obama

August 9, 2011

Barack Obama’s presidency was birthed by economic collapse and financial crisis. Opportunity for a second term is now in growing danger of termination by the very same forces. After its Monday plunge, the U.S. stock market has fallen 18 percent since late April. (During his January State of the Union address, the president pointed to a “roaring” market as one sign his Keynesian policies were working.)