The White House has released a letter from the President to the two Senate Chairmen who are working on (different) versions of health care reform: Senator Kennedy (D-MA), Chairman of the Health, Education, Labor, and Pensions (HELP) Committee, and Senator Max Baucus (D-MT), Chairman of the Senate Finance Committee. The letter is dated yesterday and […]
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Tag Archives: oil
Understanding the GM bankruptcy
1 June 2009 
51 Comments
Many of you are new to this blog since I wrote extensively about autos six weeks ago. As background, I coordinated the auto loan process for President Bush last fall as the Director of the White House National Economic Council (the position now held by Dr. Lawrence Summers). I wrote a series of posts on […]
Read more Understanding the President’s CAFE announcement
19 May 2009 126 Comments
(Editorial note: I was doing so well moving to shorter posts. I fail miserably in achieving that goal here. I went the comprehensive route instead. I promise to return to shorter posts in the future. Buckle up – this is a long ride. I hope you find it’s worth it.) (Update: There’s an important correction […]
Read more Sloppy energy language: dependence on foreign oil
27 April 2009 9 Comments
This is good language from the President in bold: America’s dependence on oil is one of the most serious threats that our nation has faced. This is not: They’ll be jobs building the wind turbines and solar panels and fuel-efficient cars that will lower our dependence on foreign oil … Nor is this: And just last […]
Read moreSlowing health cost growth requires information AND incentives
21 April 2009 6 Comments
When I was growing up, I was taught that you change the oil in your car every 3,000 miles. Suppose I take my three-year old car to Jiffy Lube for an oil change. Jiffy Lube has all the latest information technology, as well as good data on both manufacturers’ recommendations and best practices. After entering […]
Read more Auto loans, part 4: Chrysler gets an ultimatum, GM gets a do-over
30 March 2009 9 Comments
It appears to me that Chrysler got an ultimatum, and GM got a do-over.
Read more Parsing the President: no "climate change"?
27 March 2009 13 Comments
I was stunned by the President’s language when asked about his cap-and-trade proposal.
Read more The G-20 Summit in pictures
19 November 2008 Comments Off
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 […]
Read more The President's speech on financial markets and the world economy
13 November 2008 Comments Off
President Bush spoke at the Manhattan Institute today on financial markets and the world economy. This speech is a prelude to the financial summit the President will host this weekend. I’ll write separately about the Summit, and about the elements of today’s speech that talk about principles for reform. I want to draw your attention […]
Read moreMore oil supply
15 August 2008 Comments Off
In May of 2007, I wrote Why are gas prices high, and what can we do about it? At the time, the national average price for a gallon of regular unleaded gasoline was $3.22. The national average price is now 59 cents higher, at $3.81 per gallon. That’s down 30 cents from a high of […]
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