At Alhambra Investments, Joseph Calhoun suggests quantitative easing might succeed if accompanied by a big spending cut.
Cato’s Dan Mitchell highlights worries for 2011 including loose Fed policy and a VAT tax deal.
On The Kudlow Report, Larry Kudlow debates President Obama’s recent feint to the supply side:
The NY Sun editorializes that the U.S. has defaulted on its debt previously through dollar devaluation.
Bloomberg’s Amity Shlaes explains why labor mobility is vital to capitalism.
On NRO, Katrina Trinko reports U.S. Rep. Mike Pence (IN) is likely to run for governor rather than president.
Larry Kudlow needs to keep his enthusiasm in check here. Obama isn't going to make some miraculous shift to the supply-side. He is a statist idealogue and it is simply not in his nature. Obama is all about the redistribution of wealth. He is not Bill Clinton. There will be no triangulation. I agree with Steve Moore that it is wise to be skeptical of Obama's change of heart. The GOP leadership could easily get snookered.
ReplyDeleteAlas, now the Republicans say they didn't 'really' mean they were going to cut spending by 100 million bucks. That was 'hypothetical' all along.
ReplyDeletehttp://thinkprogress.org/2011/01/05/hypothetical-cuts/
Good to hear though cause I was getting a little worried for them. Where would they get 100 million bucks without losing a ton of votes come next election?
Obama has not feinted to the supply side one bit and never will. He is the worst thing that could ever happen to supply siders and will never change. He's not capable of change. He's a socialist folks, and never forget it.
ReplyDeleteOne thing interesting though, in the video Reich plays cat and mouse with Andy and Larry. It wouldn't have been any more obvious if he had rings through their noses and was leading them on chains. Larry needs to stop providing Reich with a platform for his socialist views.