James Pethokoukis

Unemployment rate skewing U.S. politics

October 12, 2010

Between the House passing the China currency bill (and I think the Senate may as well) and various politicians pushing for a foreclosure moratorium, one has to wonder what sort of politics/policy another year of 9-10% unemployment will generate. I am guessing China will finally emerge as the new bipartisan big bad for U.S. politics (more for economic than military reasons), while  there will probably a flurry of new housing ideas like this one proposed by economist Glenn Hubbard.

Dems want to use trade as a political weapon

October 6, 2010

Here is what James Carville and Stan Greenberg want Democrats to say about trade to voters (Via Sean Higgins at Investor’s Business Daily:

Another enlistee for the trade war with China

October 6, 2010

China just lost Martin Wolf. The FT columnist spends a good chunk of his latest column on why the yuan needs to rise. He then outlines a plan of action:

An economic double whammy

October 4, 2010

My pal Don Luskin  gets it just right in the WSJ today: America is wrong on both taxes and trade.

A chat with Peter Navarro, co-author of ‘Seeds of Destruction’

September 20, 2010

Looking for some bipartisan solutions to America’s economic problems?

Well, I just read a great book on U.S. economic policy that is definitely worth checking out: “Seeds of Destruction” written by Glenn Hubbard and Peter Navarro. Hubbard is the former head of the Council of Economic Advisers under George W. Bush and is now dean of Columbia Business School. Navarro, a Democrat, is a business professor at the University of California, Irvine and author of  ”The Coming China Wars.”

Washington and Beijing’s new yuan policy

June 21, 2010

What does China’s new currency policy mean in terms of efforts in Congress to pass an anti-China currency bill?  Here is some of what some smart people told me. First Gary Hufbauer of the Peterson Institute for International Economics:

Stronger Chinese currency is good … and bad

April 8, 2010

This is from the New York Times is important (as outlined by me):

1) A stronger renminbi could prove a mixed blessing for the United States. If China cuts back sharply on purchases of Treasuries, then the Obama administration could find it harder to finance American budget deficits.

A 25 percent rise in the yuan would create … 57,000 U.S. jobs

April 6, 2010

That, according to Ray Fair of Yale University. Other private estimates put the number in the hundreds of thousands, if not millions.  AEI’s Phil Levy explains the methodology involved:

Google: Freedom is important, too

March 25, 2010

Heartened to hear the words of Google co-founder Sergey Brin in the WSJ:

China has “made great strides against poverty and whatnot,” Mr. Brin said. “But nevertheless, in some aspects of their policy, particularly with respect to censorship, with respect to surveillance of dissidents, I see the same earmarks of totalitarianism, and I find that personally quite troubling.”

Potential flashpoints for international political risk and instability

December 29, 2009

Emerging markets (esp. Mexico, Russia, China) that may become emergency markets due to social unrest, according to the Economist: