James Pethokoukis

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:

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.)

More evidence U.S. economy approaching stall

August 2, 2011

The U.S. economy doesn’t like to hover. If it isn’t expanding at a 2 percent or higher annual pace, it risks slipping into recession. As I mentioned in a post last week:

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:

Why the GOP shouldn’t go wobbly on taxes

June 27, 2011

It’s up to House Speaker John Boehner now. Democrats, the media and Wall Street will be pounding him to agree to raise taxes as part of a debt ceiling deal. But now is no time for Republicans to go wobbly. Here’s why the GOP should stick to its guns until Aug. 2 – and beyond if necessary:

A terrible day for tax hikers

June 23, 2011

Was it just a week or so ago when the GOP’s 30-year commitment to lower taxes was supposedly in shambles? That sure didn’t seem to be the case today:

Another look at the Growth Gap

June 20, 2011

I just ran across this great chart from Jim Glassman over at JPMorgan that illustrates the Growth Gap and how it is imperative we grow this economy faster.

The Growth Gap

June 20, 2011

The main reason we have a big budget deficit right now is that the U.S. economy has been growing too slowly for a decade, including the Great Recession and Terrible Recovery. That means less tax revenue and more government services like unemployment insurance and Medicaid. So perhaps the real way Obamanomics has worsened our debt situation is by contributing to this extended period of weak growth.

5% or bust: more on America’s growth potential

June 17, 2011

So typical. The WaPo’s Ezra Klein quotes a bunch of people saying that there is no way, no how the economy can grow at 5 percent for a decade,  the “aspirational” economic goal of Tim Pawlenty.