The payroll tax cut bill that will soon become law takes a small step in the right direction on policy toward the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac. Congratulations to Congress for this small step; they still have a long way to go.
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Free trade voting patterns in Congress
In the U.S. free trade agreements pass the Congress with a broad center-right legislative alliance that includes almost all Republicans and splits Democrats roughly one-third for free trade and two-thirds against it.
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Three layers of the European debt crisis
This is why American policymakers should care deeply about Europe — because if the Europeans screw it up badly, it could do serious damage to the American economy, transmitted through still flawed and vulnerable banking systems.
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Congressional Republicans’ strategic shift on taxes
The most significant element of the failed Super Committee negotiations is that Republicans offered to cross the no-net-tax-increase line in exchange for structural entitlement reform or structural tax reform and a permanent answer on tax rates.
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The President’s missed opportunities for deficit reduction
Q: In a politically balanced Congress, is significant deficit reduction possible without Presidential leadership or even involvement?
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The political risks of targeted mortgage subsidies
A program like this is not all political upside for the President. Don’t forget that the original February 2009 Rick Santelli explosion, which launched the Tea Party, was a reaction to an Obama Administration proposal to use taxpayer funds to subsidize targeted mortgage relief.
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Democracy is SO inconvenient
I am not surprised that the President is using the legislative flexibility he has to maximum effect. I am a bit surprised that he sees a political benefit in framing himself as an Imperial leader who can and should ignore democratic processes.
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Three silly stimulus arguments
Here are responses to three silly stimulus arguments I hear frequently.
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The President’s third goal for tax reform: raise taxes
The President’s goal of raising taxes undermines his goal of increasing investment and growth.
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A past Suskind error
Mr. Suskind’s earlier book about the Bush Administration was an inaccurate and unfair depiction of the President and the advisors for whom I worked, and of the White House in which I worked. I will assume the same about his latest book on the Obama economic team.
Understanding series
- Strategic analysis of the Budget Control Act
- Understanding the Budget Control Act
- Quick summary of the Budget Control Act
- Understanding vetoes, veto threats & SAPs
- Understanding the Gang of Six plan
- Understanding Cut, Cap, and Balance
- Understanding the McConnell debt limit proposal
- Understanding the S&P report
- Understanding the President’s new budget proposal
- What is the Strategic Petroleum Reserve (SPR)?