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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If we get another jobs report as weak as this, there's no way the Fed will hike in September.
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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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Usually economists are figuring things out after the fact, especially the Fed chairman.
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This is a view of the economy as we knew it; the world has changed a bit (since then). It's highly likely the Fed will pause for a while.
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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,
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I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do.
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These long-run worries, there's an element of truth to them, but I think frankly the fears are exaggerated.
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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 tax program was designed to provide greater proportional relief for those who earn less income than for those who earn more.
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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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This sounds like a good idea. It does make sense in much of the world.
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The toys are there. Everyone has access to the same technology.
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Most of the (economic) numbers have been decent, but people just can't have a positive view on the economic trends til they can see the other side of these Middle East developments.
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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.