Thanks to Reuters’ MacroScope blog for noticing: Keith Hennessey, a former top economic adviser to President George W. Bush, saw this one coming. He rightly predicted that the Group of 20 would drop a key word from its communique at the conclusion of the London Summit: Free. Here is my original post from Wednesday: A quick […]
Read moreCNN interview today
3 April 2009 
1 Comment
Heidi Collins of CNN interviewed former Clinton Labor Secretary Robert Reich and me this morning around 10:30 AM on CNN Newsroom. To my surprise, Secretary Reich and I agreed on a lot. We both came out strong against protectionism, and complimented the G-20 leaders for making a strong statement about this. We’ll see if the […]
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Jobs Day
3 April 2009 1 Comment
The Bureau of Labor Statistics released the March employment report at 8:30 am. Here is the least you need to know: Net payroll employment declined in March by 663,000 jobs. That’s a terrible number, and in line with expectations. The unemployment rate increased from 8.1% to 8.5%. Much of the press coverage talks about “5.1 […]
Read moreIs $700 billion enough? Clearing up the confusion (or at least trying to)
2 April 2009 6 Comments
Last Friday I raised the question of how much funding is left in the TARP. This is now a broader discussion involving Secretary Geithner and the Treasury staff, the General Accounting Office, the Wall Street Journal and ABC News. I’d like to review the progression of this topic over the past six days and see […]
Read moreMy BBC spot
2 April 2009 Comments Off
The BBC has amazing audio equipment in their DC bureau.
Read moreA quick guide to the G-20 summit
1 April 2009 6 Comments
The President has arrived in London for the G-20 economic summit.
Read moreWelcome, Instapundit, Wall Street Journal, Greg Mankiw, and National Review readers!
31 March 2009 6 Comments
You’re probably here this morning either because of a link from Instapundit, or from Bill McGurn’s excellent Main Street column in today’s Wall Street Journal, or because of Yuval Levin’s kind reference on The Corner, or from Greg Mankiw over the weekend. However you may have found me, welcome! As background, I served as a […]
Read moreAuto loans, part 5: The press forgot to ask about the cost to the taxpayer
31 March 2009 6 Comments
It appears that the Administration did not say how much additional taxpayer funding it is committing over the next 60 days.
Read moreIs $700 billion enough? Part 3: Secretary Geithner says we have more room
31 March 2009 8 Comments
The Wall Street Journal reported Monday that Treasury says “it has about $134.5 billion left in its financial-rescue fund.” Secretary Geithner addressed this question Sunday on This Week with George Stephanopolous.
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