Why Is Romney Afraid to Talk About Tax Cuts?
September 14, 2012
Until recently, Republican presidential candidates wouldn't shut up about cutting taxes. Now Romney avoids the subject.
June 23, 2012
I LONG AGO GAVE UP trying to figure out who the “real” Mitt Romney is, but among the various claimants to that title is a guy who would like to index the minimum wage to inflation.
Psst. Romney Still Supports Minimum Wage
March 08, 2012
It's well known that Mitt Romney is a shameless flip-flopper ready to shed any and all traces of his former moderation to win the GOP nomination. But this week we’ve seen an instance where Romney has been falsely accused of flip-flopping, yet Romney, hilariously, hasn’t protested, presumably because he has no particular interest in correcting the record. The subject is the minimum wage. When he was Massachusetts governor, Romney vetoed an increase in the state minimum wage from $6.75 to $7.50 in 2007 and to $8 in 2008 on the grounds that it exceeded the inflation rate.
The Gang of Six: Heralds of Economic Apocalypse?
July 21, 2011
One more reason to think we're headed to some sort of economic apocalypse: Supply-siders like the Gang of Six proposal. Jonathan Chait explains the problem here: The weird thing is that I like the Gang of Six plan, too. If The Journal editorial page (and [Larry] Kudlow) and I both like the same fiscal program, chances are one of us is confused. I suspect, unsurprisingly, that the confused party is the supply-siders.
The Gang Of Six's Strangest Bedfellows
July 21, 2011
Here's something I did not expect at all: supply-siders appear at least open to supporting the Gang of Six budget. Larry Kudlow offers a qualified endorsement as does the Wall Street Journal editorial page: [T]he outline from the three Republicans (including Oklahoma conservative Tom Coburn) and three Democrats is different from most other such offers because it combines spending cuts with reform that would lower tax rates. Most Beltway budget deals combine immediate tax increases with the promise of future spending cuts that somehow never occur.
[Guest post by Matthew Zeitlin] In this exchange with Tim Pawlenty, conservative economist Larry Kudlow points out that failure to raise the debt ceiling means economic disaster, and that it will be impossible to get the Senate to pass an ambitious “cut, cap and balance” plan.
Frum vs. Kudlow
April 08, 2010
David Frum is going through an interesting process as a conservative apostate. He used to be a conservative in good standing. Then he hit upon the idea that the Republican Party needed, primarily for tactical reasons, to reposition itself in the center in order to be politically competitive. (I think Frum's view on this is overstated, by the way.) This has increasingly alienated Frum from conservative figures and institutions he once trusted.
The Law Of Conservation Of Right-Wing Washington Newspapers
January 14, 2010
There seems to be some law of conservation of right-wing billionaires willing to heavily subsidize conservative Washington newspapers. For years, the role was filled by Rev. Sun Myung Moon, who used his cult proceeds to finance the Washington Times.
Obama's Tough Love
December 11, 2009
The bailout of the auto industry was “throwing bad money after a bad cause,” television talk show host Larry Kudlow warned in National Review. Kudlow’s opinion was shared by conservative economists and politicians. And Tea Party types continue to cite the auto bailout as an example of the Obama administration’s unwarranted largesse toward big business and big labor. But if you compare how the Obama administration handled General Motors and Chrysler with how European leaders dealt with a similar crisis in their industry, Obama’s approach looks tougher and more realistic. That’s at least the ve
Backdoor Nationalization? Maybe. But What's The Alternative?
April 21, 2009
I got into this a bit on CNBC last night (see below), but I figured I'd continue the debate off-camera, where I could have the final word. The discussion centered around yesterday's New York Times piece reporting that Treasury may convert its stake in some of the major banks from preferred shares into common stock, which would basically free the banks from paying a 5 percent annual interest rate (via the preferred) in exchange for giving the government an explicit ownership stake (via the common).