Posts belonging to Category Economy

Paul Krugman and Regime Uncertainty

By Tad DeHaven

Paul Krugman dismisses concerns that the Obama administration’s fiscal and regulatory policies are fostering uncertainty in the business community, and thus inhibiting job growth and an economic recovery.
My Cato colleagues and I have been citing this “regime uncertainty” for a while now, and it is gaining mainstream acceptance as evidenced by a recent Washington Post [...]

Active Government, Passive Economy

By Roger Pilon

Today, Politico Arena asks a second question:
What does Obama need to do on jobs?
My response:
What does Obama need to do on jobs? Asked about that in his Arena interview today, Rep. Rob Andrews (D-N.J.) answers, “The best thing we could do is encourage banks to lend money.” Encourage them? Banks don’t need to be encouraged: [...]

Two Cheers for the U.S. Economy

By Gerald P. O’Driscoll

Two articles in today’s Wall Street Journal deal with the housing sector.  They complement each other. Journal reporters note that “Industry Speeds Recovery, And Housing Slows It Down.”  The story notes that that “ground-breaking for new homes and applications for building permits both plunged last month.”  Meanwhile, U.S. industrial output showed strong growth in May.
Bravo [...]

Obama’s Lip Service On Trade

Just last week, President Obama praised the 2007 Peruvian Free Trade Agreement signed under President Bush for “creating jobs and prosperity” in both the United States and Peru. Unfortunately, you will not hear such talk today when…

Fiscal Imbalance and Global Power

By Christopher Preble

Over at National Journal’s National Security Experts blog, this week’s question revolves around the health of the U.S. economy, and its relationship to U.S. power. 
The editors ask: 
How serious a threat is the mounting debt to the nation’s standing as the world’s only superpower? Can the U.S. continue to spend more than all other countries combined on its [...]

If You Believe Biden’s Stimulus Claims, We’ve Got A Bridge To Sell You

Today, Biden will hold an event at the Brooklyn Bridge area to discuss the stimulus.  At the event he will no doubt tout the stimulus and claim that it is saving countless jobs in New York. However, since the stimulus passed, New York has…

Obama’s Credibility Gap X: The RUSE Act

After adding over $2 trillion to the national debt in just 16 months, the White House is suddenly finding it useful to appear fiscally responsible in an election year. Yesterday, the President proposed the Reduce Unnecessary Spending Act, whic…

From Regs To Riches

Yesterday, Senate Democrats passed a massive 1,400 page financial reform bill that we are told will protect Main Street from the abuses of Wall Street. But despite the Democrats’ claims, the army of regulators that this bill unleashes wi…