Len Burman approves–but not because he thinks it will boost output and employment in the short term or do anything to solve our long-term fiscal problems (it does, after all, expire after three years). Len Burman approves of the freeze because–wait f…
Obama: >I know that some in my own party will argue that we cannot address the deficit or freeze government spending when so many are still hurting. I agree, which is why this freeze will not take effect until next year, when the economy is stronger…
The New York Times: >Opposite of Bold: To create jobs, Mr. Obama must make it clear that he will not abandon the states at this time of budget crises. Bolstered aid to states is unpopular. But it is among the surest ways to preserve and create jobs …
Obama Campaigns Against Spending Freezes – Obama campaigns against spending freezes Joe Klein: Too Dumb to Thrive An Interview with Elizabeth Warren Dean Baker: Faux News on Fifteenth Street (i.e., the Washington Post) Endorses Bernanke Alec Macgillis:…
Welcome to my annual tax post. I’m feeling pretty confident heading into this year’s tax season as it appears the average person will pay less tax and have more credits/deductions than last year. I wish I could say that trend is likely to continue …
Paul Krugman: >Of Fate and Fumbles: It has not been a good year for Obama, or for the progressive agenda. But why? Ignore all the pontificating about how Obama needed to focus differently, seek bipartisanship with people who have no interest in maki…
Stan Collender: Brad DeLong Gets It When It Comes To A Commission Michael Linden: How to Spot a Deficit Peacock: Four Ways to Tell When Someone Isn’t Serious About the Deficit Simon Johnson: Is The “Volcker Rule” More Than A Marketing Slogan? Viral…
**Brown Voters’ Attitudes Toward Gruber-Romney-Obama Health Care:** More than half of them like it: >John Sides: The Monkey Cage: A nice tidbit from the Washington Post/KFF/Harvard poll of MA special election voters (pdf): “As you may know, Massachu…
A tall man with a big reputation for economic policy, Volcker has given his name to Obama’s attempt to curb Wall StreetObama called him simply “this tall guy behind me” today but the 2.01-metre-tall (6ft 7in) Paul Volcker – after whom the president’s new rule to curb Wall Street will be named – has an [...]
Why are people selling Goldman today? I’m not a trader and I would caution against taking any big positions based on policy that still lacks details. But it seems to [...]