ARCHIVES
Political Pulse
MOVEMENTS IN
WASHINGTON THAT MOVE MARKETS
Good Week for Growth
July 26, 2010
Donald Luskin
New hopes
for extending the Bush tax cuts, no carbon tax, and an easy Fed.
No Protectionism Threat:
Yuan To Bet?
March 18, 2010
Donald Luskin
The
Schumer-Graham tariff bill is back, and China will probably blink again.
A Scott Heard 'Round the
World?
January 19, 2010
Donald Luskin
A GOP Massachusetts win today would be another step down the bullish
road toward political equilibrium.
America's Next Top Fed Model
July 27, 2009
Donald Luskin
Markets rightly expect Bernanke to stay, and Summers would be a
destabilizing surprise.
Health Care Deform
July 16, 2009
Donald Luskin
A proposed surtax may be the kind of self-correcting policy over-reach
we saw in March.
It Ain't My Job
November 10, 2008
Donald Luskin
Good news for markets -- Obama's meeting of economic icons produced
exactly nothing.
Now What?
November 6, 2008
Donald Luskin
The election is over -- but the battle for the Senate and the Treasury
is still being fought.
Obamanation
February 5, 2008
Donald Luskin
The ascendance of Barack Obama brings
anti-growth political risk into focus.
Is the Inevitable
Inevitable?
December 19, 2007
Donald Luskin
A GOP victory on taxes and spending, and the
emergence of Ron Paul, lowers the chances of a growth catastrophe in the
2008 election.
Best Behavior
May 22, 2007
Donald Luskin
It's not
the economy, stupid. For now, Democrats have no reason to rock the
growth boat.
Upside Surprise on Trade
May 14, 2007
Donald Luskin
A
Democratic congress finds a way to keep the globalization train on the track.
Washington on Hold
May 10, 2007
Donald Luskin
The two forces most likely to derail the
economy -- the Fed and the Democratic congress -- have both put
themselves on the sidelines.
Tax Wars
January 22, 2007
Donald Luskin
The era of tax cuts is over, and a new era
of tax risk has begun.
Net Neutrality Not
Neutered
December 14, 2006
Donald Luskin
Two big
defeats for "net neutrality" regulation don't make a deregulatory trend.
Stock Market Exit Poll
November 15, 2006
Donald Luskin
Equity
sectors are already responding to the Democratic congressional sweep.
Don't Panic
November 8, 2006
Donald Luskin
The Democrats did better than expected, but it's
not a lurch toward anti-growth policy.
Speaker Pelosi
October 12, 2006
Donald Luskin
Long-term, the GOP losing congressional control
may be best for growth.
Tax Cut Rashomon
April 11, 2006
Donald Luskin
Even a call from the President couldn't get the
2003 tax cuts extended last week, but it's not over yet.
Two to Tangle the Tax Cuts
April 10, 2006
Donald Luskin
How Chuck Grassley and Bill Thomas let a
personal feud put growth at risk.
Tax Cut Extension: The Deal
Takes Shape
April 6, 2006
Donald Luskin
While
partisans are distracted by immigration, tax reconciliation is quietly
moving forward.
Extending Visibility
February 17, 2006
Donald Luskin
Chances for
extension of the 2003 tax cuts have gotten better -- and markets are
beginning to see it.
Quick Takes from Washington
February 2, 2006
Donald Luskin
Extending the tax cuts and the GOP majority, new
Fed governors, new CEA
chair.
Tax Bill Game Theory, and Why It Matters
December 8, 2005
Donald Luskin
More thrills and spills on the way to extension
of the 2003 tax cuts -- and a remembrance of what those cuts have done for
the economy.
Heading into the Tax Bill Endgame
December 2, 2005
Donald Luskin
Stocks are priced neither for the best nor the
worst policy outcomes.
A
Whiff of Windfall Profits Taxes
November 17, 2005
Donald Luskin
Extending the 2003 tax cuts is now complicated
by an accounting penalty on big oil.
Beyond Disappointment
November 11, 2005
Donald Luskin
Why do stocks hang tough while the Republican
pro-growth consensus continues to unravel?
A
Setback for Extending the 2003 Tax Cuts
November 9, 2005
Donald Luskin
Grassley's retreat to only one-year extension
may be part of a broader retreat for pro-growth policy.
Quag Miers
for the Fed
October 24, 2005
Donald Luskin
Handicapping how a dysfunctional White House
will select the next Greenspan.
Monetary Step Forward, Fiscal Step Backward
September 29, 2005
Donald Luskin
Grassley puts tax cuts at risk, while Greenspan
gives himself one more vote.
The McCain Mutiny
September 23, 2005
Donald Luskin
A deficit hawk has emerged as the unlikely man
at the margin on tax cuts.
Waiting for a "Swift Boats Moment"
April 7, 2005
Donald Luskin
Undervalued stocks need a catalyst that clears
the overhang of tax policy risk.
Buried Alive?
March 3, 2005
Donald Luskin
Social Security reform is tied to the Bush
growth agenda -- and both are still in play.
Pyrrhic Victory?
February 23, 2005
Donald Luskin
Bush risks
throwing away his tax cuts in a gambit to win Social Security reform.
The 3% Finesse
February 8, 2005
Donald Luskin
Bush's misunderstood benefit offset could be the
key to enacting personal accounts in Social Security.
The Purple Finger of Fate
Thursday, February 3, 2005
Donald Luskin
The successful
Iraq election opens a window for pro-growth policy success.
Policy Paranoia
January 24, 2005
Donald Luskin
Stocks are exaggerating the risk that the Social
Security debate is getting out of control.
Next Year's Miracle
December 14, 2004
Donald Luskin
Here's the likely
shape of Bush's big bet for 2005: Social Security reform with private
accounts.
Y2K Then, EY04 Now
October 25, 2004
Donald Luskin
Democrats say they will litigate the election --
and markets believe them.
Many A Slip
October 1, 2004
Donald Luskin
Bush missed the whisper number last night. Time
to start whispering about October 8.
The Bush-Bashing Bubble Has Burst
September 7, 2004
Donald Luskin
The markets and the economy may
finally be getting visibility on a Bush victory.
Not So Nifty Fifty-Fifty
August 13, 2004
Donald Luskin
We're at the point of maximum electoral
uncertainty -- and it may continue until well after the election.
Iowa -- Who's Upset?
January 22, 2004
Donald Luskin
Kerry's Iowa surprise changes the market's
perceptions of electoral risks for the economy.
Errors All Around
December 4, 2003
David Gitlitz
Since the tax cuts, the administration's policy
moves have given markets little to cheer.
Frustrated and Concerned
October 21, 2003
Donald Luskin
John Snow
said something sensible yesterday. That begs the question -- why?
The Potential Price of Pandering
October 17, 2003
Donald Luskin
The administration's politicized dollar policy
risks the market's confidence in economic recovery.
Defeat from the Jaws of Victory?
September 25, 2003
Donald Luskin
Political posturing and unsound economics
threatens the expansion.
Another Scandal
September 4, 2003
Donald Luskin
Spitzer's new front is probably a non-event --
but here are the risks you might not have considered.
Mankiw Very Much
June 13, 2003
Donald Luskin
Dr. Mankiw looks like he'll be a valuable
pro-growth member of the Bush team.
Down Payment on a Miracle
May 5, 2003
Donald Luskin
and
David Gitlitz
Bush's tax cuts went to the House, and are
coming out better than ever. But the Senate's another matter.
Self-inflicted Damage in the Tax Wars
April 30, 2003
Donald Luskin
If the administration is going to sell its
tax-cuts, it had better change its pitch.
Half a Loaf?
April 17, 2003
David Gitlitz
The shape of possible tax-cut compromise is
beginning to emerge from the fog of legislative war.
The Hanging-Chad Tax-Cut
April 10, 2003
Donald Luskin
The market doesn't want to wait for Bush's
tax-cuts -- but a rush to cut a lousy deal is even worse.
Notes from the West Wing
April 3, 2003
Donald Luskin
The war comes first. Nevertheless, the market underestimates the chances
for pro-growth tax-cuts.
Going for Broke?
February 28, 2003
Donald Luskin
The paradox of Bush's strategy is that he's
ramping up political risk as his approval ratings decline.
Lifting the Fog of War
February 19, 2003
David Gitlitz
Markets are not comforted by deferring the
decision to go to war -- markets want resolution, and that's probably not
far away.
Born-Again Growth
Advocacy
January 8, 2003
David Gitlitz and
Donald Luskin
Bush's stodgy tax plan is blossoming into an
important pro-growth initiative.
A Lott for
Markets to Think
About
December 16, 2002
David Gitlitz and
Donald Luskin
There are both
big positives and big negatives that could emerge from the Lott crisis --
while we wait, there's big uncertainty.
Bush's Growth Deficit
December 11, 2002
Donald Luskin
If Stephen Friedman is out of step with Bush's
economic ideology, why did Bush pick him in the first place?
Why Bother?
December 9, 2002
David Gitlitz
Bush's selection of Snow and Friedman dashes
hopes that the administration will adopt a strong pro-growth policy agenda.
Don't Get Swept Away by the Sweep
November 6, 2002
Donald Luskin
The GOP sweep lessens the odds of two years of
worsening policy stagnation. But it's not exactly a third term for Ronald
Reagan.
Is Washington Listening?
September 16, 2002
Donald Luskin
The war on terrorism has silenced debate over
the economy. That's bad for all of us.
Looking More and More Like
Bush 1.0
July 19, 2002
David Gitlitz
Like his father, President Bush doesn't seem to have "the vision thing"
when it comes to the economy and the markets.
Stock Options Expense: One
Step Ahead of the Law
July 16, 2002
Donald Luskin and
Reuven Brenner
Coca
Cola and Washington Post may be making a virtue of necessity by volunteering
to expense options -- but they're an example of how free markets can enforce
corporate accountability.
Triple Witching Hour for the
Stock Options Tax-Hike
July 15, 2002
Donald Luskin
In the
super-charged anti-business atmosphere of Washington, the dreaded
Levin-McCain stock options bill -- S.1940 -- is at-the-money.
Killing Capitalism in Order to
Save It
July 12, 2002
Donald Luskin
What’s
really scary isn’t the corporate scandals, but what government will do to
fix the problem.
Beware of Senators Bearing
Tax Hikes
March 15, 2002
Donald Luskin
Don't kid
yourself that S.1940 is about earnings transparency. It's all about hidden
taxes.
The
Greenspan Gadfly
March 1, 2002
Donald Luskin
The Fed’s chief congressional critic may be a
little off the wall, but he’s asking some interesting questions.
The
Wrong Medicine
Donald Luskin
February 15, 2002
Intrusive government helped kill the tech
boom. And now government thinks it can fix things.
A
Bipartisan Bungle
October 25, 2001
David Gitlitz
The so-called
"stimulus" package working its way through Washington may never become
law -- but if it does, it will be a monument to compromise, not to
economic growth.
Trouble Next Door
October 16, 2001
David Gitlitz
With comic relief from a
Keystone Cops performance by Treasury Secretary Paul O'Neill, the Bush
Administration is botching its chance to implement pro-growth tax policies.
A Stimulus to Folly
October 10, 2001
David Gitlitz
Why, with his 90% approval rating and his
masterful handling of the war on terrorism, is President Bush letting
Robert Rubin design fiscal stimulus policies?
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