Published on TheHill.com on February 9, 2009
Secretary of State Hillary Rodham Clinton is finding that her job description is dissolving under her feet, leaving her with only a vestige of the power she must have thought she acquired when she signed on to be President Obama’s chief Cabinet officer.
Since her designation:
• Vice President Biden has […]
Published in the New York Post on February 9, 2009
From Nouriel Roubini, the economist who most closely predicted the current mess, comes a warning couched in economic jargon that needs to be deciphered and publicized.
In a column on Forbes.com, Roubini warns that the United States, in its response to the economic crisis, may be following […]
Theodore White wrote The Making of the President: 1960, a book which fascinated all political junkies as it recounted the ways and methods of the Kennedy triumph. He followed that volume with successor books each four years. The premise of each book was that by following what was happening in the two campaigns, […]
Now Obama has to decide whether he will govern from the center or from the left. In 1993, Bill Clinton faced the exact same decision, also over an economic stimulus package. His Congressional allies from his own party wanted him to fill the package with every manner of pork spending they wanted. […]
President Obama’s speech on national television was a declaration of his intention to use his top-heavy majorities in both houses of Congress to ram his program through. Despite lip service to bipartisan government, he indicated that his basic approach is: My way or the highway.
How will Republicans react? If they permit themselves to be intimidated […]
In 1993, President Clinton pushed an economic stimulus package of the then-large amount of $35 billion. Promising to “focus like a laser beam” on the economy, he consulted with his Democratic majorities in both houses in formulating his proposal.
As a result, it was loaded with every possible liberal Democratic spending item and crammed with pork […]
Publish on TheHill.com on February 3, 2008
There are very few economists who really buy into Keynesian theory anymore. Instead, the idea of “rational expectations” has taken its place. The difference between the two approaches is essential to understanding why Obama’s stimulus package won’t work.
Keynes felt that people would react automatically to a few dollars in […]
Dear Friend,
As you have probably gathered from my past few columns, I am very critical of the stimulus package proposed by the president. I believe it won’t do much to stimulate the economy since consumers will use the checks to pay bills and pay down debts and businesspeople will invest it waiting for better […]
