James Pethokoukis

Obama’s vague Buffett Rule a political ploy

September 19, 2011

A few thoughts on the economics and politics of President Obama’s tax-the-rich “Buffett Rule” and new debt reduction “plan”:

Why Obama’s school rehab plan may flop

September 14, 2011

The point of President Barack Obama’s American Jobs Act is, well, to create jobs. And the sooner the better, right? Unemployment is above 9 percent, and everyone from Wall Street to the Congressional Budget Office to the White House now thinks that number isn’t going to improve anytime soon. Thus Obama’s new $450 billion stimulus plan. But since this new proposal is structured just like 2009′s $800 billion American Recovery and Reinvestment Act, it should be no surprise that it contains many of the same flaws as Stimulus 1.0.

Obama’s $447 billion reelection plan

September 9, 2011

There’s been much speculation that President Barack Obama will spend $1 billion to get reelected. Turns out those guesses were off by $446 billion.

Obama faces worst-case 2012 scenario

August 19, 2011

On Wednesday, Economic Forecaster-in-Chief Barack Obama said, “I don’t think we’re in danger of another recession.” Shades of John McCain’s “The fundamentals of our economy are strong.”

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):

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.)

Sputter to stall: U.S. economy dips into danger zone for recession

July 29, 2011

More evidence, as if we needed it, that the U.S. economy is in sad shape. America’s gross domestic product grew just 1.3 percent in the second quarter, according to the Commerce Department. And first-quarter growth was revised down to just 0.4 percent. This is now the weakest two-year recovery since World War II.

Explaining Obama’s tax-hike obsession

July 19, 2011

It’s the great mystery of the debt ceiling debate: Why is President Barack Obama so darn adamant about raising taxes? “This may bring my presidency down, but I will not yield on this,” Obama told Republicans before dramatically exiting their budget meeting last week.

Would the GOP’s ‘Cut, Cap and Balance’ plan really cost 700,000 jobs?

July 18, 2011

This is the Democratic talking point: Cutting spending by $111 billion, as some Republicans want to do, would cost the economy 700,000 jobs.  Now I will admit that I am not sure if those are jobs somehow not created, jobs somehow not saved or what exactly.

Panic at the White House? Gloomy Goldman Sachs sees high unemployment, possible recession

July 16, 2011

Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama’s chances for reelection (bold is mine):