President Obama should come in from the campaign trail to reach out and call upon the best economic minds in the nation to come to Washington and figure out that the "policy response" from his government should be. He should form an Economic War Cabinet.
You want a quick and easy introduction to media bias? Just look at the reception given to author Ron Suskind when he appeared on NBC's "Today" show recently to promote his new book, "Confidence Men," which is critical of President Obama -- and then compare it to the reception Suskind received in 2004 when he appeared on "Today" to tout another book, "The Price of Loyalty," which was critical of President George W. Bush.
I live in Chicago. It’s home of machine politics. Politicians of course will tell you there is no machine but they are full of Obama stimulus. Normal Chicagoans that try to do business in the city will quote you chapter and verse stories of graft and payola. Chicagoans know how the machine works.
Pressure is building on President Barack Obama to call for an extension of the so-called payroll tax holiday. Keeping it in place, say the people who favor the idea, brings some kind of needed economic stimulus... In reality it’s a dangerous idea, almost certainly doing more harm than good.
Whether it’s by bond, bailout or bankruptcy, stability will return to Europe. And as that creeps into the market mentality more and more, we can finally start to focus on fundamentals again.
My first reaction was to call Vinny McLaughlin and Denny DeCore, who were at the Nomura offices across the street from the WTC, at the world Financial Center. I asked them if they could see what was happening and if they were safe.
Former Massachusetts Governor Mitt Romney joined me in Las Vegas yesterday to discuss his new jobs and economic plan. He also shared some thoughts on his new Republican rival, Texas Governor Rick Perry.
Without saying that the Fed is going to continue to force-feed us inflation, he said they’re going to continue to force-feed us inflation.
Just went through a 5.9 earthquake. We who live along the Potomac River are on flood watch. The Libyans can't find Moammar Gaddhafi and, more important, don't have any idea how to run the country even if they do. And, Hurricane Irene is taking dead aim at the Eastern coast of the United States.
While the federal government continues to drown in a sea of debt, several states are reporting surpluses, thanks to policies Washington would do well to emulate.
Departing Council of Economic Advisers chairman Austan Goolsbee defends Obamanomics. I push back. But he's for pro-growth tax reform. I'm for it. So where's the President?
Richard Fisher, Dallas Fed president, explains his dissent on two more years of a zero interest rate target. He believes the Fed has created enough liquidity, but it's tax and regulatory barriers that have blocked growth and job creation. He also responds to GOP attacks on the Fed. You're looking at a future Treasury secretary here.
Where are we in terms of a really juicy August story in 2011? Credit rating agencies, 10-year bond returns, credit default swaps, and ECB interventions.
CEOs are hoarding cash for their companies. The economy is barely growing. And folks are leaving the dollar for gold and foreign currencies. And with less than a week until the August 2 debt-limit deadline, Congress still dithers.
Now, there are glitches in this plan that cannot be overlooked. The biggest is the harsher treatment of capital gains. In a CNBC interview on Tuesday, Sen. Tom Coburn, R-Okla., told me that the investment tax rate would rise to 20 percent from 15 percent. This is a black mark. It's anti-growth. Coburn, however, also told me that the tax treatment of IRAs and 401(k)s would not change in this plan. That's good.
As Greek 2-year debt yields hit 39.15% the bond market finally forced the ECB's hand, and the Trichet group comes out looking foolish, not only on his "we say no to default" stance, even temporary defaults, but also on his ridiculous bluff repeated for the nth time just 2 days ago regarding the acceptance of Greek bonds as collateral.
The Tea Party Senator won't vote for a plan that never balances the budget.
After watching the President for the past 26 months I have determined he has two negotiating positions: Arrogant and petulant.
Judge Dismisses Lawsuit Against IRS From Targeted Group True the Vote; Tea Party Outraged | Katie Pavlich