Archive for February, 2009
Here (in red) are the growth forecasts used to put out the new Obama administration budget, followed by the consensus forecast of a panel of “Blue Chip” private forecasters (in blue, naturally). (Source. Go to Table 3.)2009: -1.2% -1.9%2010: +3.2% +2.1…
Source. Click on the graphic to enlarge.
President Obama yesterday:In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans. But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax …
A reader alerts me to this story from The Detroit News:The vehicles owned by the Obama administration’s auto team could reflect one reason why Detroit’s Big Three automakers are in trouble: The list includes few new American cars. Among the eight membe…
Jeff Sachs thinks so:The U.S. political-economic system gives evidence of a phenomenon known as “instrument instability.” Policy makers at the Federal Reserve and the White House are attempting to use highly imperfect monetary and fiscal policies t…
During his confirmation hearing before the United States Senate toward the end of January, Secretary of the Treasury Timothy Geithner accused China of “manipulating” its currency. This is not a statement that helps to further China-US cooperation on …
