James Pethokoukis

Ezra Klein accidentally argues against GOP accepting tax hikes

July 7, 2011

The WaPo’s Ezra Klein has cooked up a chart attempting to show previous debt deals had plenty of tax increases in them, even more than what Obama is demanding:

U.S. debt crisis might be on fast track

July 7, 2011

One of the outside economic-analysis firms that the White House likes to quote is Macroeconomic Advisers. Here’s what the firm said yesterday about where the U.S. economy is heading (bold is mine):

Obama’s $4 trillion Grand Bargain

July 7, 2011

The president says it’s time to go big (via Reuters):

After weeks of impasse, President Barack Obama and top congressional leaders are aiming for “something big” as they resume budget talks on Thursday to avert an imminent default. With Republicans showing new flexibility on taxes, Democrats say Obama will push negotiators to double their target to $4 trillion in budget savings over 10 years. That would be an ambitious goal, but there have been a few hints of progress since talks hit a brick wall two weeks ago.

Does Obama want to cut the deficit?

July 7, 2011

Let’s keep in mind that if President Obama had his druthers, the debt ceiling would’ve already been raised some $2 trillion via a “clean vote” in Congress. No spending cuts. Yes, I know  Obama said the following this earlier this week:

Obama really might have made it worse

July 6, 2011

The Republican charge is a body shot aimed right at the belly of President Barack Obama’s re-election effort: He made it worse.

China’s black box economy

July 5, 2011

The more you know about Rising China, the more you want to know. Minxin Pei gives some valuable perspective on the nation’s suddenly emerging debt problem:

The U.S. jobs gap

July 5, 2011

This chart from the Heritage Foundation kind of says it all:

What Reaganomics meant to accomplish

July 5, 2011

Excellent piece by Brian Domitrovic of Forbes:

What was the point of Reaganomics? Starving the beast? None of the above. The point was to get the private sector booming. And could we ever use this as an objective today.

America’s missing trillions

July 5, 2011

In the WSJ, David Malpass and  Steve Moore note a disturbing trend in foreign investment in the U.S.:

Why Christina Romer is wrong on taxes

July 5, 2011

President Obama’s economic all-star team from 2009 is all but gone. But it’s the gift that keeps on giving. In yesterday’s NY Times, former White House economist Christina Romer offered a rather strange op-ed in favor of tax increases. The crux of her argument is this: