With Daniels Out, Is Perry the Answer? No
Conservatives are once again looking for a white knight to save the GOP field and the newest name being promoted is Texas Governor Rick Perry. With Mitch Daniels announcing that he will not seek the party's nomination, conservatives are once again looking for a white knight to save the Republican …HBO Takes on Wall Street
HBO's latest must-see, a film adaptation of "Too Big To Fail", takes us back to 2008 when the economic crisis we're still trying to escape from first shook Wall Street. In the spring of 2008, just as the wheels were starting to come off of Wall Street, HBO presented a movie about how the Bush era …A Treasury Fire Sale Won't Prevent Default
In a blogpost at NRO, Veronique de Rugy presses her claim that we can pay off America's debts without default or a debt limit rise. Unfortunately, it just won't work. Veronique de Rugy takes issue with my recent blogpost arguing that there isn't enough money to pay off America's debts without …Strauss-Kahn's Bail: A Bad Deal
The court’s decision to grant bail—even under strict terms--to Dominique Strauss-Kahn is unfair and raises the real possibility he’ll flee. A New York court’s decision to grant bail—even under very strict terms--to Dominique Strauss-Kahn is unfair, raises the real possibility that he’ll flee, …If America Defaults, It’s Gonna Hurt
How painful would the cuts associated with default be? Well, they might be large enough to cause an economic downturn. In an earlier blog post today, I noted that despite conservative attempts to hide the fact, there isn’t enough tax revenue to pay for all the spending that would be needed …Obama's Hazy Mideast Policy Reboot
There was scarcely a line in Obama's speech for me to disagree with; but what's troubling is the vagueness about what America will actually do. JOIN THE LIVE CHAT VISIT WHITEHOUSE.GOV Eli Lake reminds us that this is the same president who as …Don't Be Fooled: Default Will Be Painful
Talking heads and think tank fellows are claiming that paying off America’s debts without default will be painless, but their numbers just don't add up. Conservatives, whether they are think tank fellows or radio hosts, share the same talking point: paying off America’s debt’s without default will …Bush Family Splits on Romney Versus Daniels
News that Jeb Bush and Laura Bush have urged Mitch Daniels to enter the Republican race raises the question: is there a generation gap in the Bush family? News that Jeb Bush and Laura Bush have urged Mitch Daniels to enter the Republican race raises the question: is there a generation gap in …Coburn Pulls the Plug on Senate Deficit Deal
The departure of Sen. Tom Coburn from the Gang of Six talks raises the odds that a significant fiscal deal won't be reached this year. As he looked down the dugout at his inept Mets, Manager Casey Stengel famously asked, “Can’t anybody around here play baseball?” The American people have a …A Get Rich Slow Scheme
A cheap dollar is no fun for Americans, but as my latest column for The Week points out: it may bring us out of our recession. A cheap dollar is no fun for Americans, but as my latest column for The Week points out: it may bring us out of our recession. Work more. Save more. Export more. …The GOP's New Line: Defaults Don't Matter
As the GOP latches on to the false idea that a default is manageable, even the debts of the United States have become another tool of politics. Noah Kristula-Green makes the important point that Stanley Druckenmiller's weekend WSJ interview has blossomed in a matter of days into something like …Toomey Brushes Off Debt Default Danger
Senator Pat Toomey might not want to face a default, but he also thinks it wouldn't be the end of the world. Would markets feel the same way? Senator Pat Toomey claims that he doesn’t want the US to face a default, but he is definitely interested in the arguments made by conservative op-ed …Is Strauss-Kahn a Repeat Offender?
Ben Stein may want to take note: stories are now surfacing alleging that Dominique Strauss-Kahn committed other attacks in the past. Attention Ben Stein: seems DSK may well have done it before ... and before that ... TweetIs Ryan Trying to Spook the Markets?
Rep. Paul Ryan's comments Tuesday on CNBC downplaying the odds of a debt deal were careless. Fortunately, this time the markets didn't take him seriously. In an appearance on CNBC Tuesday, Rep. Paul Ryan claimed that holders of US government debt would accept missing payments "for a day or two …Don't Pick on Big Oil For Having Big Profits
Congress' decision to attack oil companies is a weak diversion from their own inability to control prices at the pump. Repeal the so-called subsidies to oil and gas? Ostensibly this is a punitive measure that targets oil companies for the rise in the price of gasoline at the pump, even though …Discovered: Strauss-Kahn's TripAdvisor Review of New York Sofitel
Former IMF head Dominique Strauss-Kahn might have second thoughts about the New York City Sofitel after his most recent stay. SOFITEL NEW YORK 45 West 44 th Street, New York City, NY 10036 Hotel Website E-mail hotel TripAdvisor Popularity Index Ranked #17 for …