Category Archives: Obama Administration

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

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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

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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?

Economists Polled On Pre-Election Economy

A survey of economists is published in the November 2012 issue of Foreign Policy.  One question was whether we thought that the US unemployment rate would dip below 8.0% before the election.   When the FPconducted the poll at the end of the summer, … Continue reading

Posted in 2012 presidential election, China, Emerging markets, Euro, Financial Crisis, Investing, Labor Market, Obama Administration, Recession | Tagged , , , , , , , , | Comments Off on Economists Polled On Pre-Election Economy

Sinners, Red States, Blue States

Mitt Romney, presidential candidate, said in now-infamous comments that 47% of the American electorate is dependent on the federal government, that he will never be able to teach them to take personal responsibility for their lives, and that they are … Continue reading

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