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 […]
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Tag Archives: rich
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 moreThe Smoot-Krugman carbon import tariff
29 May 2009 34 Comments
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 […]
Read moreUSA Today op-ed: Keep taxes low
9 June 2008 1 Comment
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 […]
Read more President Bush vetoed the farm bill
28 May 2008 Comments Off
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. […]
Read moreThe Farm Bill will be vetoed
14 May 2008 Comments Off
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 […]
Read moreFood prices & food aid
1 May 2008 Comments Off
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 […]
Read more Are taxes too low?
15 February 2008 Comments Off
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 […]
Read moreSubprime mortgages, part 2
13 September 2007 Comments Off
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 […]
Read more Subsidizing Manhattan farmers
28 August 2007 Comments Off
Here’s an excerpt from Agriculture Secretary Mike Johanns’ remarks to the Tennessee Farm Bureau Federation in Nashville on August 9th. Now you’re looking at that map and you’re saying to yourself, Mike, you’re the Secretary of Agriculture, and you’re supposed to be talking about agriculture and that looks like a map of a city. It […]
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