James Pethokoukis

Economy poised to make Obama a one-termer

August 22, 2011

Just how much would a continued weak economy hurt President Barack Obama’s 2012 reelection chances? There are a few different ways of looking at this — and none of them seem particularly promising for the man currently occupying the Oval Office:

Is S&P’s debt warning creating a tax trap for Republicans?

April 18, 2011

The White House believes America’s debt problem is an important issue, but not an urgent one. Bond rating firm S&P seems to think differently:

Conflict of visions: Obama vs. Ryan

April 15, 2011

So the House just passed Paul Ryan’s highly-detailed “Path to Prosperity” Plan. It almost immediately achieves primary balance and reduces debt as a share of the economy. It balances the budget in the 2030s and eliminates outstanding debt in the 2050s by cutting and restructuring government healthcare spending. And it does all this without raising taxes while also lowering tax rates on companies and investors, both big and small. Even more impressive, the plan uses the slow-growth economic assumptions of the Congressional Budget Office, which, by the way, has scored the lengthy fiscal blueprint.

How the economy may undermine Obama’s 2012 reelection hopes

April 7, 2011

It’s not just the labor market that worries Team Obama:

“We are making progress on jobs and need to make more progress on jobs,” said David Axelrod, a former senior White House aide who is part of Obama’s 2012 campaign team. “But people are also grappling with stagnant wages and rising prices. That’s a legitimate, important concern for people and we have to pay close attention to it.”

No ‘substantial effect’ on long-term budget woes

February 14, 2011

Hey, it’s not just me pointing out the many flaws in the Obama budget. This from the Committee for a Responsible Federal Budget:

Obama budget reveals Obama’s core

February 14, 2011

Here’s what President Barack Obama’s new budget tells me: He hasn’t shifted to the center, he’s shifted into 2012 campaign mode, one that let’s him be who is really is.

Obama’s big shift?

February 7, 2011

The president told Fox’s Bill O’Reilly that he hasn’t shifted to the center. “I’m the same guy,” Obama says.  Right, he’s the same guy — a guy who will try and push through as much of his left-of-center agenda as he can.  If he had the votes,  for instance,  Obama would certainly be pushing a cap-and-trade energy plan or higher income taxes. But he doesn’t, so it’s time for Plan B.

Thoughts on Obama’s SOTU speech

January 26, 2011

Whenever I would ask folks at the White House about how they planned on dealing with America’s long-term debt problem, they would more or less tell me the same thing: “Wait for the deficit commission.” Well, Obama’s panel has come and gone. And in his speech last night, he failed to explicitly endorse any of its budget-cutting recommendations. This part particularly frosted my pumpkin:

It would be nice if Obama’s SOTU included some of this stuff

January 25, 2011

The folks at Americans for Tax reform have assembled a pretty solid list of ideas.  Since Obama is apparently going for growth in an attempt to get reelected, he might want to take a gander at a few of these: