Are America’s CEOs Willing to Lead by Paying More Tax?
In a joint letter, many of America’s top CEOs have finally engaged substantially in the debate over America’s fiscal mismanagement. Curiously, the day before the letter came out President Obama made public an interview with the Washington Post ...
Joe Biden and the Buried Middle Class
“How can they justify raising taxes on the middle class that’s been buried for four years,” asked Vice President Joe Biden before a North Carolina audience. How indeed, Joe?
The middle class has been buried for four years under ...
Just Another Fantasy Friday in Europe
Four developments today capture perfectly the fantasy that is European policymaking.
The first development is that Italy, France, and Spain forced Germany to acknowledge that economic growth outside of Germany really is important. They announced a 130 billion euro growth package. ...
Six Remarkable Hours (and Counting) for Spain and the Euro
Late last night, Tuesday, May 29, the Financial Times broke the story that the European Central Bank (ECB) had rejected Spain’s original plan for injecting €19 billion into Spain’s beleaguered Bankia. To underscore the extraordinary nature of this ...
European Leaders Gather in the Swamp
Traditionally, heads of state gather at a “summit” projecting the desired image: a meeting of the highest of the highs, discussing lofty subjects in the thinnest of airs.
However, if truth in labeling applied, 2012’s first meeting of European leaders ...
Now Official and in Print: Obama Wants to Cut Tax Rates, Too
Governor Romney wants to cuts to cut tax rates by 20 percent, and President Obama has given him lot of grief about it. But, it turns out, President Obama wants to cut tax rates, too. What’s up with that?
‘Senator Reid, What’s Your Plan?’
With federal debt soaring, you’d think Senator Harry Reid (D., Nev.) and his Democratic colleagues might at least pretend to have a plan to get deficits under control. Think again.
The federal government has jacked up the national debt ...
Larry Summers Can't Imagine How to Solve Europe
Larry Summers, the former Clinton treasury secretary and more recently a top economic adviser to President Obama, has demonstrated two exceptional abilities. The first is an insightful review of conditions in the European crisis and why political solutions are so ...
The IMF Tale Lagarde Would Tell
Suppose you walked through a growing menagerie of animals meandering around a great big half-built wooden vessel and you asked its builder, “Noah, what’s with the boat? There’s no water around here. You expecting a flood? And what’...
Lagarde Blathers as Europe Burns
It’s time for the United States to tell IMF head Christine Lagarde, to just put a lid on it. Lagarde is among the phalanx of European and financial leaders who have failed so spectacularly to stem the European economic ...