If like me, you hate tax rate increases on anyone and detest having the government own two massive mortgage finance companies, then you should feel no comfort from today’s deficit news, which is almost entirely the result of those policies.
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Opposing the President’s FHFA nomination
1 May 2013 
7 Comments
By nominating Mr. Watt the President signals a return to the pre-crisis philosophy of regulating housing finance risk. That is a huge mistake. Mr. Watt should not be confirmed to head the FHFA.
Read more A flawed attempt to assign blame
5 March 2013 2 Comments
The President’s initial attempt to blame Republicans in Congress for current and future economic weakness is flawed because House Republicans passed a bill that would have the same macroeconomic effect as the President’s proposal, at least for this year.
Read more Not catching up
13 February 2013 10 Comments
On our current path CBO projects we won’t reach full employment for almost five more years.
Read more Why stop at $9? A $90 minimum wage
12 February 2013 38 Comments
Congress should reject the President’s proposal and in doing so maximize job opportunities for teenagers, high school dropouts, new immigrants and other low-skilled workers.
Read more The venue shifts
20 December 2012 9 Comments
Since the Speaker announced plan B at the beginning of the week, the venue for substantive negotiations has shifted from Obama/Boehner to a standard House/Senate dynamic.
Read more WSJ op-ed: Time to Call the President’s Budget Bluff
2 December 2012 Comments Off
The Wall Street Journal has published an op-ed of mine, titled “Time to Call the President’s Budget Bluff.”
Read more The President is bluffing
27 November 2012 21 Comments
The President’s veto threat is about whether he wants to cause a recession in 2013 and hamstring his second term.
Read more Reactions to the President’s press conference
14 November 2012 Comments Off
No matter who gets blamed for it, a legislative stalemate leads to a terrible short-term macroeconomic consequence: increased unemployment and a new recession.
Read more The President sends mixed signals on the fiscal cliff
12 November 2012 Comments Off
The fiscal cliff is a test of President Obama’s ability to negotiate with people with whom he disagrees. He was unsuccessful in this regard in his first term. If he fails again over the next seven weeks, American taxpayers and workers will suffer for it.
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