Tag Archives: rich

Government Motors discussion on Fox News Sunday (continued)

In an earlier post I attempted to correct Dr. Austan Goolsbee’s incorrect and inflammatory statements about President Bush.  I would like here to add my views to one additional question on the auto industry discussion on this morning’s edition of Fox News Sunday.
Host Chris Wallace moderated a discussion this morning with:

Dr. Austan Goolsbee, Member of [...]

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Understanding the GM bankruptcy

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 [...]

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The Smoot-Krugman carbon import tariff

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 [...]

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Credits

Photo credits
I use a lot of flickr photos.  My use of these photos in no way suggests that their creators endorse any of the content of this blog.  I only use Creative Commons licensed photos, and link to the page and author.

Technical credits
This blog is operating under a Creative Commons license, which you can find [...]

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USA Today op-ed: Keep taxes low

USA Today editorializes today against making the tax cuts permanent, and includes an opposing view from me.
I’ll include both here.  I’ve learned that he who writes the opposing view is at a disadvantage, in that they get to see what I wrote, but not the reverse.  I thought I had anticipated their attacks, but I [...]

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President Bush vetoed the farm bill

I wrote the following last Wednesday evening, in anticipation of a straightforward farm bill veto.  Little did I know the procedural snafu that would arise.
I have since edited it and written a follow-up.  I will send the follow-up email soon.  The first, written last Wednesday and included below, explains what we thought would happen.  The [...]

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The Farm Bill will be vetoed

We expect the House to vote on the Farm Bill conference report today.  The President will veto this bill.  Here is the President’s statement on the bill.
The final legislative language for the conference report was released Tuesday morning.
Hint:  If you want to find the really bad stuff in a big bill, always start at the [...]

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Food prices & food aid

The President spoke this afternoon about high food prices and food aid.  If you’d like more detail, here’s our “fact sheet”.  And if you really want to dive down deep, here is a transcript of a press briefing done by three senior administration officials after the announcement:  OMB Deputy Director Steve McMillin, CEA Chairman Ed [...]

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Are taxes too low?

President Bush has signed into law 15 bills cutting taxes.  The 2001 and 2003 tax laws were the biggies.  Here’s a list.
This President has a well-established record as a tax cutter.  Many of our critics argue that we cut taxes too much, and that we need to repeal some or all of the enacted tax [...]

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Subprime mortgages, part 2

This is part two (of two) of your crash course on problems and solutions in the mortgage markets.  Here’s part one.  There is also a great op-ed on the financial market impacts of these mortgage market problems.  It ran in today’s Financial Times, and was coauthored by two Administration officials:  Treasury Undersecretary for International Affairs [...]

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