The Fed has just announced their decision to raise short-term interest rates by 0.25%. From their statement: The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. After moderating earlier this year partly in response […]
Joseph Stiglitz is editor of The Economists’ Voice and has this article in its inaugural edition. He notes that long-term fiscal stimulus crowds out investment – a theme he also dubs Rubinomics. He further notes that the Bush tax cuts have provided little short-term stimulus for reasons similar to what Kash noted. Stiglitz also noted […]
Gwen Ifill hosts a discussion between Robert Barro and Robert Reich, which began with a discussion of real GDP and the labor market. Barro opens with: The economy has been doing quite well of late, particularly the GDP growth has been over 4 percent since early in 2003. Investments grown strongly, productivity has grown strongly. […]
We heard three very different positions on Iraq from the Republicans this weekend. Let me start with the grown-up GOP position expressed by Sen. Lindsey Graham on Late Edition SEN. LINDSEY GRAHAM (R), SOUTH CAROLINA: Well, I’ve been to Iraq twice, and the one thing I constantly hear is that we have enough troops. But […]
John Kerry today: “[T]oday, President Bush tells us that he would do everything all over again, the same way. How can he possibly be serious?” “Is he really saying to Americans that if we had known there were no imminent threat, no weapons of mass destruction, no ties to al-Qaida, the United States should have […]
Bloggers don’t seem to be pay much attention to Hastert’s claim that Al Qaeda favors John Kerry even if CNN pays a lot of attention to this pathetic remark all too typical of the Speaker. Of more interest might be this report from Reuters. Ivor Roberts, the UK ambassador to Italy, apparently said “If anyone […]
National polls of the presidential race have been unusually wide-ranging over recent weeks. Here is a summary of some of their results: 1. Economist, 9/15: Bush +1 2. Harris, 9/13: Kerry +1 3. ICR, 9/12: Bush +4 4. Pew, 9/14: Kerry +0 5. Rasmussen, 9/16: Bush +4 6. Zogby, 9/9: Bush +2 7. ABC, 9/8: […]
I was about to fire off a really angry post about Bush’s jokes on the political stump yesterday: something about Kerry having eight positions on Iraq when he should have been talking about how the NIE flat out contradicting his happy talk (shorter version: lies) about the situation in Iraq. But the email from the […]
Economists for Kerry notifies us of a breakfast debate worth getting up earlier to see: Presidential Economics: Experts Assess Bush, Kerry Policies By Barry Jagoda Two of the nation’s leading economists will offer differing views on the economic programs of the Republican and Democratic candidates for President in a face-off at the University of California, […]
Kerry’s plan to have the government provide reinsurance for health insurance represents a major attempt at addressing the health care problem that the US is currently facing. The heart of the proposal boils down to this: the US government would agree to cover 75% of any employee’s medical bills that are in excess of $50,000 […]