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Rose Garden Statement by President Bush on the Economy
Here’s what President Bush said at 10:45 AM today in the Rose Garden. This is really important. Good morning. I thank Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC...
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Address by President Bush on financial markets
President Bush gave a major policy address on the State Floor of the White House this evening. THE WHITE HOUSE State Floor 9:01 P.M. EDT THE PRESIDENT: Good evening. This is an extraordinary period for...
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What caused this financial mess?
President Bush spoke today about the financial crisis to the U.S. Chamber of Commerce. I’m going to use the President’s speech as an opportunity to explain to a non-financial audience what the Federal...
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The President's speech on financial markets and the world economy
President Bush spoke at the Manhattan Institute today on financial markets and the world economy. This speech is a prelude to the financial summit the President will host this weekend. I’ll write...
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Is $700 billion enough?
I think President Obama will soon need to ask Congress for more TARP funding, and that such a request will displace his legislative agenda for a while. Let’s do the math. When President Obama took...
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Welcome!
Welcome to my new blog. If you would like to learn more about American economic policy, I would be honored to be your guide. I will do my best to explain the options faced by senior American economic...
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Auto loans, part 2: options for the President
In part one of this series I reviewed some background and long-term problems facing the U.S. auto manufacturers. I pointed out that General Motors and Chrysler, and the Obama Administration, face a...
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Is $700 billion enough? Part 3: Secretary Geithner says we have more room
Last Friday I posted that I thought the Administration had less than $40 B of room remaining in the TARP. The Wall Street Journal reported today Monday that Treasury says “it has about $134.5 billion...
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Four unpleasant options for TARP funding
Despite Secretary Geithner’s statement to the contrary, I still think the Administration is running out of room within the $700 B Troubled Assets Relief Program (TARP). In my last four posts on TARP...
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The danger of autopilot entitlement spending
Each year Congress enacts 12 annual appropriations (spending) bills. Those bills are the subject of vigorous and legitimate fights about spending priorities. Included in these annual appropriations...
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