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  • Taxhiker in Chief Takes On Social Security

    There he goes again. President Obama is proposing yet another huge tax hike. Maybe we should cut to the chase and just ask our Taxhiker in Chief to state his final figure—what he thinks the total level of taxes and the tax distribution should look like. Then we could have … More

    Fear - of Greenspan

    If economic sages were judged the same way major league baseball hitters are, Alan Greenspan hitting .333 would deserve the attention he garners. In recent months the former Federal Reserve Board Chairman struck out badly twice on what in economic terms could be considered batting-practice fastballs. But in today’s at-bat, … More

    CBO Makes the Case for Change of a Different Sort

    Congressional Budget Office (CBO) Director Douglas Elmendorf recently testified before the Senate Budget Committee on policies that might give the economy a helpful lift in the near term. Congress is right to be concerned. But for an inventory surge last winter, the economy remains stuck in low gear at about … More

    Reviewing a Do-Nothing (Right) Congress

    As Members of Congress limp out of Washington to face their constituents, it’s worth reviewing their accomplishments—or lack thereof. The most basic function of Congress is to manage the public purse. The most basic step in managing finances—whether of a family, a business, a state, or a nation—is to pass … More

    Marcus Makes the Case for ... Lower Tax Rates on Small Businesses

    Ruth Marcus tried her best yesterday to undercut the argument that tax cuts hurt the economy’s main job creators — small businesses. But once you straighten out the curves of her case, you find a highway leading directly to the opposite conclusion. It turns out she actually reinforces the point … More

    Greenspan’s Latest Mistake: Tax Hikes

    The recent global financial panic and recession had many authors. Millions of individuals and businesses made bad decisions about investing and debt. Scores of big shots like Dick Fuld, former CEO of now defunct Lehman Brothers, gambled big and lost bigger. And then there were those few who were in … More

    Tax Hikers Senselessly Stuck on Saving

    Tax-hike advocates have erected yet another straw man to protect their high-tax policy, now arguing that little economic harm would be done if Congress and the president were to raise taxes on higher earners because these high-tax sufferers would have saved the money anyway. Yet the issue is not saving … More

    Obama Opts for Politics Over Jobs, The Times Joins In

    Today’s New York Times editorial on President Obama’s Cleveland political diatribe-cum-economic speech got one point right — Obama “took too long to engage this debate.” The rest of the editorial was little more than an epilogue to Obama’s political speech. One can see why the Times would avoid talking about the economic … More

    While Unemployment Rises, 15 Minutes to Tee Time

    The latest jobs report showed the unemployment rate ticking up to 9.6 percent, putting the final nail in the coffin of recovery summer. The Obama Administration announced “Recovery Summer” last June to highlight the expected gains in jobs and economic strength resulting from Obama’s stimulus. Not. The economy is literally … More

    Obama Jobs Deficit Forcing Obama to Scramble

    The August jobs report shows the Obama jobs deficit at 7.5 million workers. The Obama jobs deficit is the difference between the current level of employment and the level he promised his stimulus policies would achieve at the end of 2010. The President boasted that his policies would create 3.5 … More