Yesterday I tried to neutrally summarize the President’s 5,000+ words economic speech delivered last week at Carnegie Mellon University. Today I’ll give my views on the substance.

1. Rules over discretion — Stanford economist John Taylor argues that discretionary monetary and fiscal policy have been counterproductive. He argues that monetary policy should follow a…

This morning on ABC’s This Week, White House Chief of Staff Rahm Emanuel told Jake Tapper:

In the case of General Motors, the prior administration wrote a check without asking for any conditions of change. We said: Without a…

Last Wednesday the President spoke about the economy at Carnegie Mellon University. Administration officials billed this as a major economic address, the follow-up to his speech last April at Georgetown. I think the most…

On his blog Dr. Krugman attacks Fiscal Commission co-chair Alan Simpson for his recent Social Security comments. More interesting than Dr. Krugman’s latest Social Security argument is that he is trying to kill the President’s Fiscal Commission by declaring it to be…

Federal Reserve Chairman Ben Bernanke testified today before the House Budget Committee. Although his testimony is fairly succinct by itself, I have found that few people actually read Congressional testimony, so here is a summary. Where possible, I use the…

PolitiFact.com looked into White House Chief of Staff Rahm Emanuel’s claim that President Bush gave the U.S. auto manufacturers a blank check, and at my response.

A new claim about job creation appears to be bubbling up through the Democratic ranks. Here is the clearest statement of that claim, from Rep. Debbie Wasserman Schultz (D-FL) on Stuart Varney’s show:

On the pace that we’re on…

In his column today Dr. Paul Krugman argues that the deficit impact of a large ($1 trillion) stimulus would be mitigated by the effects of higher GDP growth:

Consider the long-run budget implications for the United States of spending $1 trillion on stimulus at a time…