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This morning on Fox News Sunday, host Chris Wallace moderated a discussion about the auto industry.  One of his guests was Dr. Austan Goolsbee, who is a Member of President Obama’s Council of Economic Advisers and chief economist on the President’s Economic Recovery Advisory Board.
I want to focus on some incorrect and inflammatory statements by [...]

In a few hours I will offer my thoughts and reactions to the General Motors bankruptcy filing and the President’s noon announcement.  For now, here is what I have been able to figure out from the White House fact sheet and secondary source reporting through CNBC and the Wall Street Journal.  I assume that both [...]

I wrote last Friday about the China/India hole in the American climate strategy:
America appears to lack a high-probability strategy for how to get China, India, and Russia to agree to self-impose a significant positive carbon price.
The Administration and its Congressional allies are trying to impose a significant carbon price in the U.S. through something like [...]

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 guide [...]

The President has arrived in London for the G-20 economic summit.  I have different policy views than the President on some of these issues, but I will not criticize him while he is overseas.  I will attempt to gently highlight a couple of substantive issues that concern me, but at the same time I want [...]

Welcome to my new blog.  If you would like to learn more about American economic policy, I would be honored to be your guide.  I will do my best to explain the options faced by senior American economic policymakers, and to analyze the choices they make.
I anticipate defining “economic policy” broadly as we did at [...]

About Keith Hennessey
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About Keith Hennessey

I served as the senior White House economic advisor to President George W. Bush.  My job was to coordinate economic policy for the President, including macroeconomic issues, financial markets and institutions, tax [...]

Here is the “Leaders Declaration” for the Summit on Financial Markets and the World Economy (aka the G-20 Summit) hosted by President Bush last Friday and Saturday in Washington, DC.
This is the second of a two-part note.  Here’s the first part.
A fair amount of the press coverage followed a ready-made storyline:  “Lame duck President … [...]

The President hosted the Summit on Financial Markets and the World Economy this past Friday and Saturday at the National Building Museum here in Washington, DC.
This is the first of a two-part note.  Part one will describe the mechanics of the Summit and show some photos.  Part two will describe the substance.
The action began in [...]

The Senate is now debating a climate change bill, typically referred to as the “Lieberman-Warner” bill, referring to Sen. Joe Lieberman (I-CT) and Sen. John Warner (R-VA).  Technically, we think they’ll end up considering a slightly different version of that bill, offered by the Chair of the Senate Environment and Public Works Committee, Sen. Barbara [...]