Category Archives: Obama Administration

Answering the TPA Critics Head-On

In recent op-eds and blog-posts I have argued that prospective trade agreements like the TPP (the Trans Pacific Partnership) would be economically beneficial for reasons similar to past trade agreements and that they would have geopolitical benefits too. I have also opposed adding currency manipulation to … Continue reading

Posted in International Trade, Monetary Policy, Obama Administration | Leave a comment

The Top Ten Reasons Why Trade Agreements Should Not Cover Currency Manipulation

President Obama is still pressing the difficult campaign to obtain Trade Promotion Authority and use it to conclude international negotiations — across one ocean for the Trans Pacific Partnership (TPP), and then across the other ocean for the Transatlantic Trade … Continue reading

Posted in China, Dollar, Euro, Europe, Exchange Rates, Fiscal Stimulus, International Cooperation, International Monetary Fund, International Trade, Japan, Monetary Policy, Obama Administration | Leave a comment

The Fiscal Stimulus and Market Turnaround: 5-Year Anniversary

Commentators are taking note of the five-year anniversary of the fiscal stimulus that President Obama enacted during his first month in office.   Those who don’t like Obama are still asking “if the  fiscal stimulus was so great, why didn’t it … Continue reading

Posted in Financial Crisis, Fiscal Stimulus, Investing, Labor Market, Obama Administration, Recession | Tagged , , , , , , | Leave a comment

What Do Obamacare and the EITC Have in Common with Cap-and-Trade?

My preceding blog post described how market-oriented mechanisms to address environmentally damaging emissions, particularly the cap-and-trade system for SO2 in the United States, have recently been overtaken by less efficient regulatory approaches such as renewables mandates.   One reason is that Republicans — who … Continue reading

Posted in Climate Change, Conservatives and Liberals, Environment, Obama Administration, Poverty | Tagged , , , , | Leave a comment

IMF Reform and Isolationism in Congress

A long-awaited reform of the International Monetary Fund has now been carelessly blocked by the US Congress.   This decision is just the latest in a series of self-inflicted blows since the turn of the century that have needlessly undermined the … Continue reading

Posted in Asia, China, Emerging markets, Europe, International Cooperation, International Monetary Fund, International Trade, Japan, Obama Administration | Tagged , , , , , , , , | Leave a comment

Will Financial Markets Crash Before October 17, or After?

October 4 is the first Friday of the month, the day when the Bureau of Labor Statistics routinely reports the jobs numbers for the preceding month.   Is the havoc created by our current political deadlock over fiscal policy showing up as … Continue reading

Posted in Budget, Financial Crisis, Labor Market, Obama Administration, Recession | Tagged , , , , | Leave a comment

Recent Jobs & Growth Numbers: Good or Bad?

This morning’s US employment report shows that July was the 34th consecutive month of job increases.   Earlier in the week, the Commerce Department report showed that the 2nd quarter was the 16th consecutive quarter of positive GDP growth.   Of course, the growth … Continue reading

Posted in Budget, Fiscal Stimulus, Labor Market, Obama Administration, Recession | Tagged , , , , | Leave a comment

Fear of Fracking: The Problem with the Precautionary Principle

An amazing thing has happened over the last five years.   Against all expectations, American emissions of carbon dioxide into the atmosphere, since peaking in 2007, have fallen by 12%, back to 1995 levels.  (As of 2012. US Energy Information Agency).   How … Continue reading

Posted in Climate Change, Europe, Obama Administration, Oil | Tagged , , , | Leave a comment

Debt Ceilings, Bombs, Cliffs and the Trillion Dollar Coin

Needless to say, the US has a long-term debt problem.  The problem is long-term both in the sense that it pertains to the next several decades rather than to this year.  (Indeed, the deficit/GDP ratio has been falling since 2009, … Continue reading

Posted in Budget, Conservatives and Liberals, Obama Administration | Tagged , , | Leave a comment

What Did the Debates Tell Us About What the Candidates Will Do If Elected?

Every pundit agrees that President Obama did badly in the first debate.  But I can’t help wondering whether he (and VP Joe Biden) would have been able to come out swinging as freely as they have in the subsequent debates, … Continue reading

Posted in 2012 presidential election, Budget, Euro, Obama Administration | Comments Off on What Did the Debates Tell Us About What the Candidates Will Do If Elected?