At his Brookings speech today the president outlined his economic plan. It has all the right pieces and it points in the right direction. But something is missing. more »
President Obama is home from China and the U.S.-China Economic and Security Review Commission today releases its 2009 report to Congress. What have we learned? That we need to pay attention because we’re getting schooled. more »
Federal Reserve chairman Ben Bernanke recognized today that America’s trade deficit played a central role in the global economic crisis. Then after he recognized the problem, he went on to solve a different one. more »
washingtonpost.com — The national debt may be a hammer, but not everything is a nail. In this case, arguments against sustained government spending to help stimulate the economy will be a dangerous hammer to use against the economy. Here's why we need to resist calls to focus exclusively on lowering the federal deficit.
The forum on American debt and deficit had it right. First, don’t panic. Don’t stop the stimulus spending or raise taxes with the economy still near the bottom. more »
At the G-20 Summit in Pittsburgh later this week, people will hear about the city's slump and rebirth. That's good as far as it goes, but it dodges the ultimate question. Can the United States remain the world’s consumer forever? Or will the G-20 chart the process by which the global economy after the crisis is more balanced, less dependent on U.S. consumption, and sustainable in Pittsburgh as well as Beijing?
Let's go back, just for a minute, to a time before screaming teabaggers, before Republicans decided to kill health insurance reform as a means to politically destroy this country's first African-American president. more »
In recent days, the Administration has made encouraging signs that it plans to enforce U.S. trade law, but is it smoke screen for advancing a free trade agenda?.
Today, it came that Senator Harry Reid and the Office of U.S. Trade Representative are in support of putting safeguards on illegal, surging Chinese tire imports.
In a letter to the President on September 2, Harry Reid said: more »
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