Despite a recent spate of good economic data, including last week’s jobs report, the U.S. economy remains deeply depressed. Don’t take my word for it. That’s how Paul Krugman, leftist econo-pundit extraordinaire, describes the economy. In a recent column in The New York Times, he wrote, “our economy remains deeply …
President Obama’s Council on Jobs and Competitiveness released its third report January 17 entitled “Road Map to Renewal,” a worthy description of serious issues affecting the American economy coupled with set of proposals that, with few exceptions, can best be described as pretty thin gruel. The council—chaired by Jeffrey R. …
The remarks of Alan Krueger, chairman of Obama’s Council of Economic Advisers, asserting that taxing the rich can spur economic growth demonstrate that he and the Administration are nothing if not consistent in their mistakes. Krueger says that there is growing income inequality in the United States, that this growing …
The political battle over extending the payroll tax holiday is understandably confusing for many Americans, so it is worthwhile to step back and see how we got into this mess. Americans have come to expect Washington’s lamentable dysfunction, but this instance is of a different sort than most. First, the …
Contrary to tradition, the Congressional Budget Office (CBO) today released its mid-year assessment of the budget and economic situation. Traditionally, CBO releases its mid-year assessment after the White House’s Office of Management and Budget (OMB) releases its statutorily required Mid-Session Review (MSR). The law requires the MSR to be produced …
The White House yesterday launched yet another signature initiative to cut wasteful spending, once again setting the Administration’s key utility infielder, Vice President Joe Biden, to the task. This latest campaign follows a previous effort launched in 2009 directing the cabinet secretaries to track down a whole $100 million—yes, million—in …
