If Chris Christie understands how Sandy and the hundreds of thousands of commuters it has still left stranded on the wrong side of the river points to the need for better infrastructure investment in our area, including a new rail ...
Why Romney Needs to Talk about Bailouts
The most interesting thing about the video of Mitt Romney speaking at a May fundraiser has nothing to do with “the 47 percent.” Rather, it’s his answer to a guest at the event who had a suggestion about what the ...
Re: Is Obama Being Carterized?
That might work if Obama had something that Carter had: a powerful opponent who wasn’t afraid to present a grand vision for the country.
There’s another problem with this approach, too.
In the Carter era and through the ’80 ...
Americans for Tax Reform’s Hugh Johnson deserves the gold for the press coverage he’s gotten for his Olympics medals post.
Johnson noted that athletes must pay regular income taxes on the cash that comes with their prizes — up ...
Private vs. Public Employment
We hear a good deal lately about how state and local governments, thanks to balanced-budget requirements, are slashing the number of workers they have, thus exacerbating the recession recovery.
The bigger problem, though, is that state and local governments do ...
Re: The Debate Over Austerity Continues
Also, “austerity” continues to mean bailing out banks, with governments making no differentiation between protecting small depositors (okay) and protecting sophisticated institutional investors (maybe a paradox, but either way, not okay).
Less than 24 hours after the French election, Spain was ...
The Dodd-Frank law long ago disappeared down the rabbit hole of the rule-making process — and there’s a lot of interesting stuff going on down there.
As the lawyers at DavisPolk point out in their Dodd-Frank progress report for the ...
Romney and Taxes (No, Not His, Yours)
If any of you are struggling or have struggled with figuring your capital-gains and dividends taxes this season, it’s worth remembering that Mitt Romney says he would eliminate capital-gains, dividends, and interest taxes for families earning under $200,000 in adjusted ...
Santorum on Housing: Privatize Gain, Socialize Loss
In the economic agenda he announced today online and in the Wall Street Journal, Rick Santorum says that to “revive” housing, he would “phase out within several years Fannie Mae and Freddie Mac.” He would also “allow families ...
Re: Romney Calls Auto Bailouts ‘Crony Capitalism on a Grand Scale’
All fine – and before Super Tuesday, Mitt Romney should come to New York and say the same thing about our financial-industry bailouts.
Romney should note further that whatever the flaws of the auto bailouts (and there were many, as he ...
Mitt, Newt, and Paula Deen
Whose financial activities tell us what’s wrong with America — Mitt Romney’s or Newt Gingrich’s?
Romney released some tax returns this morning. In 2010, Goldman Sachs, one of the Romneys’ investment firms, reported that a trust set up for ...
He started out weak, but got much stronger on lobbying. “I didn’t have an office in K Street” is a great line.
Now he has to answer Santorum’s earlier question — and explain why lobbying is so relevant to ...
Re: Thursday at the Magic Kingdom
Is it politically wise for former Governor Romney to respond to President Obama’s Orlando visit in this manner?
[Obama is] going to be in Fantasyland, and it’s obviously appropriate because he’s been living in a sort of ...
Re: The Battle of Bain Capital
Michael, here is a compounding problem, phrased in the form of a question:
Has Romney ever convincingly and comfortably talked about the financial crisis and its aftermath (or, really, during-math)?
The NFL vs. the Free Market
Conventional wisdom holds that the National Football League lockout of unionized referees will hurt Mitt Romney, because the lockout reminds union workers and former union workers in swing states that owners and their agents are often incompetent when it comes ...
Why doesn’t Romney forget the past two weeks (he’s not going to make it better no matter what he says), and go out there and make a speech saying that he’ll do what Obama didn’t do (...
The problem with Elizabeth Warren’s discussion of infrastructure investment on Wednesday night was one of tone and framing.
On investing in roads, bridges, and the like, she sounded a campfire call: “We build it together,” she exulted.
Europe had a momentous election yesterday. But it wasn’t in Greece. It was in France.
Greeks narrowly chose the “pro-bailout” party, the headlines trumpet. But that’s no surprise. The Greek public has consistently said that it wants to ...
What's Good for My Bank Is Good for America
President Obama went on national TV yesterday to make an odd claim: “J. P. Morgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we’ve got.”
The president ...
Both candidates in the first hour of the French debate acted as if they were running for chancellor of Germany.
Socialist candidate François Hollande kept pointing out that the German economy (and the American) has done better than the ...
Paul Krugman criticizes Fed chief Ben Bernanke in today’s New York Times magazine. Krugman thinks Bernanke hasn’t done enough to end “mass suffering for American workers.” He thinks the cure is higher inflation:
If the Fed were to ...
Re: Is There A Black Upper Class Bubble?
Good point, Jonah.
The single biggest thing that working-class and middle-class black New Orleans mothers worry about is getting their sons through high school, through college, and out of New Orleans before they get shot by other young black men ...
Re: Santorum Hits Romney on Bailout Support
If Mitt Romney loses Michigan, it will be because of this.
Romney underestimates voters’ persistent anger at the bailouts in 2008 (and beyond). Romney should note that whatever the flaws of
the auto bailouts (and there were many, as he points ...
The “internecine aggression” might not hurt him too much. My Florida voter (Lee County) says:
I voted for Romney because he finally fought back. Instead of being Mr. Nice Guy, Mr. Marshmallow, Mr. Walking on Eggs (like last week in ...
We need more of what Romney doesn’t want: People opening up banks in their garages!
Romney is right that finance needs regulation. He is wrong that such regulation should preclude new entrants: i.e., the garage bankers.
Yet he ...
Santorum Asks the Best Question of the Night
Santorum’s question for Romney and Gingrich: if you believe in capitalism, why did you support the Wall Street bailouts?
Santorum also said that Florida would have been better off without bailouts — true, with some qualifications.
Why won’t Brian ...
Romney Could Learn from Huntsman on Finance
Now that Jon Huntsman has dropped out, Mitt Romney would do well to study Huntsman’s campaign platform for the financial industry and “too big to fail.” Huntsman was the only presidential candidate to address “too big to fail” head-on. ...
A Far-reaching Housing Plan
The Federal Reserve has produced a 26-page white paper that offers suggestions to Congress on how to improve the housing market.
Coincidentally, I have just finished my own extensively researched white paper on this topic.
It is reproduced in its ...