Economy

[Guest post by Harold Pollack and Vivek Murthy] READ MORE >>

It’s tempting to believe that anything that boosts Mitt Romney’s rivals is bad news for Romney himself. In fact, that’s not the case, and today’s Boston Globe endorsement of Jon Hunstman illustrates why.  READ MORE >>

[Guest post by Matt O'Brien] READ MORE >>

Last night we re-learned an important lesson from 2008: In Iowa, the Republican candidate with momentum way exceeds his final poll numbers; the Republican candidate named Mitt Romney ... doesn’t. In 2008, Mike Huckabee exceeded his final polling average by about five points; Romney actually dropped off by about a point-and-a-half. This time out, Rick Santorum exceeded his final polling average by almost ten points. Romney was up about two-and-a-half.  READ MORE >>

Just a quick word about Jeremy Stein, the Harvard financial economist Obama is nominating to serve on the Federal Reserve Board. I suspect critics on the left (and perhaps on the right) will seize on the fact that Stein was close to Larry Summers, who brought him into the Obama administration to work at the NEC. READ MORE >>

The daily research report from the economists at Goldman Sachs asks a question I grappled with as I finished my forthcoming book: How should we apportion blame for the 2-2.5 percentage points by which growth fell short of most economists' expectations this past year?  The Goldman team divvies it up as follows:  READ MORE >>

[Guest post by Matt O'Brien] Note: This post has been updated. First, there were “green shoots.” Then came “Recovery Summer.” Now, there are yet again signs that a stronger economic recovery may be gaining momentum in the United States, with the November jobs report offering the latest reason for guarded optimism. READ MORE >>

In a speech before Parliament last month, British Prime Minister David Cameron posed a rhetorical question as he harangued the opposition Labour Party: “Is there a single other mainstream party anywhere in Europe who thinks the answer to the debt problem is more spending and more borrowing?” READ MORE >>

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