Over the Weekend on the Fiscal Slopes

By: Monday November 19, 2012 6:14 am

House Democratic Leader Nancy Pelosi laid out a bright line this weekend, echoing many other Democrats in saying that merely cutting loopholes to raise revenues would not be sufficient for a deal.

Congressional Leaders Optimistic After White House Meeting on Fiscal Slope

By: Friday November 16, 2012 11:40 am

Congressional leaders left the White House after a one-hour meeting today on the fiscal slope. And their post-meeting comments could be best described as conciliatory, enough to send the stock market spiking. I don’t know that you can put any stock in any remarks today, but for what it’s worth, here’s the White House readout: [...]

Kudlow Interviews the Last Man Anyone Should Be Listening to for Economic Advice

By: Friday June 1, 2012 12:15 pm

This is one of those things that explains why some people you see at Starbucks sometimes have QWERTY or FGHJK imprinted backwards on their foreheads. There are a lot of terrible economists, advisers and government officials from the last decade or two who ought to have the decency to follow Mitt Romney’s remedy to “self [...]

Fed Notes from 2006 Show More Economic Incompetence

By: Friday January 13, 2012 6:57 am

The Federal Reserve, Neil Irwin told us earlier in the week, cannot do much for the majority of Americans in a struggling economy. They can only put money in the hands of the well-to-do, in the hopes that they spend more and increase economic growth, which will then trickle down to the masses. I think [...]

FCIC: Financial Crisis Was Avoidable

By: Wednesday January 26, 2011 9:22 am

The Financial Crisis Inquiry Commission report is sure to provide a powerful reinforcement to the growing lack of faith in elites and especially the financial industry. Because they will outline, in painstaking detail, how the financial meltdown of 2008 was completely avoidable – the result of policy failure at the highest levels of government and [...]

Unlike Obama, Baucus, Democratic Party, Greenspan Wants Bush Tax Cuts to Expire

By: Friday July 16, 2010 6:15 am

The DC Village has been infected by a mass case of stupid, making dunderheaded and dangerous arguments about the deficit in the same way that they made dunderheaded and dangerous arguments about Iraq in 2002-3. Just as the elites made up a threat under false pretenses back then, so too today. And in this case, [...]

Alan Greenspan, Wrong Again

By: Saturday July 10, 2010 12:47 pm

Alan Greenspan addressed the Aspen Ideas Festival yesterday, and Ezra Klein snagged some choice quotes. Greenspan remains committed to the idea that deficit reduction must occur now, in the midst of mass joblessness, even though all of the warning signs that would lead you to see deficit reduction as in the nation’s economic interest don’t [...]

Meet the Arrogant Elites Committed to Stealing Your Future

By: Friday June 18, 2010 8:39 am

Alex Lawson did an amazing job battling Alan Simpson yesterday and rebutting his nonsense about Social Security. I hope this got some more attention for what the threadbare organization Lawson works for, Social Security Works, is trying to alert people about. Simpson, based on flawed logic and a belief that Treasury bonds issued to the [...]

More Problems Coming For Goldman?

By: Monday April 19, 2010 1:45 pm

Carl Levin (D-MI), whose Permanent Subcommittee on Investigations last week revealed major mortgage fraud at Washington Mutual, apparently has more up his sleeve for Goldman Sachs. In addition to hearings next week on the financial giant: Levin’s staff has uncovered new documents “that link certain actions to specific people” at Goldman, according to a senior [...]

I Do Not Know What I Do Not Know

By: Wednesday April 7, 2010 1:33 pm

If you’re wondering how Goldman Sachs and the other big financial firms can get away with their fantastic amounts of looting and pillaging, you have to read this excerpt from a conversation between Vanity Fair’s Graydon Carter and author Michael Lewis: You will probably get sucked into Lewis’s hour-long talk, just as the House Republican [...]

Brooksley Born Excoriates Alan Greenspan: “You Failed”

By: Wednesday April 7, 2010 8:44 am

At today’s Financial Crisis Inquiry Commission hearing, Brooksley Born, the former head of the Commodity Futures Trading Commission, declared Alan Greenspan’s tenure at the Federal Reserve an unmitigated failure – to his face. Greenspan accords a certain degree of respect on Capitol Hill, despite Born’s accurate take on his many failures, and so this outburst [...]

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