James Glassman
James Glassman
James Kenneth Glassmanis the founding executive director of the George W. Bush Institute, a public policy development institution focused on creating independent, non-partisan solutions to America's most pressing public policy problems through the principles that guided President George W. Bush and his wife Laura in public life. The George W. Bush Institute is based within the George W. Bush Presidential Center on the campus of Southern Methodist University in Dallas...
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The squeeze on consumers is building. Retailers and other folks who deal with the customer are going to feel the customer's pain this fall and Christmas season. We'll be going through a short period of slow growth.
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The thought of oil as a tax doesn't sit right with me. It may be a tax on consumers but it's a plus for producers, ... If you follow the money, my loss is someone else's gain and what starts out as a tax quickly becomes a more balanced picture.
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The consumer is slowing down gradually, so anybody dealing with a customer is going to find that it's a lot more competitive.
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Consumer spending grew almost 4 percent in the spring quarter, before the tax stimulus package. In the third quarter it looks like consumer spending is going to be up 6 percent or so.
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This report just puts together all the news that people had been looking at for the last several weeks. The Fed is going to do what it takes because they fear that maybe growth in the first quarter is close to zero.
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This sounds like a good idea. It does make sense in much of the world.
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When the economy recovers, the last place you are going to see it is in the job numbers.
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Two things every American knows: the price at the gas pump and their house story. We all sense there is a shift in the market . . . from a seller's market to a buyer's market. We'll see more in the data in the coming months that will confirm what we all know.
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If we get another jobs report as weak as this, there's no way the Fed will hike in September.
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My guess is there will be a bigger stimulus package in the months ahead -- more than $50 billion -- in response to frustration they can't get the economy moving faster.
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When you're an economist trained in conceptual stuff, you tend to be less intuitive. You fall back on this conceptual framework that the profession has invested a lot of time in.
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The extraordinary events of the time make a person. He'll be bigger than life because of that.
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There is a way they come to a conclusion, and it is your job to not constantly be picking fights with it,
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I think anybody in the Fed chief position realizes that the job is not about proving credentials. It's about doing what's right for the economy,