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Economic Policy Studies
The alternative to big government isn't no government. It's something increasing numbers of Americans are calling "localism."
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By Alex J. Pollock
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Congressional Oversight Panel of the Troubled Asset Relief Program (TARP)
Thursday, November 19, 2009
The Troubled Asset Relief Program should be run like a business with a goal of returning as much of the involuntary investment as possible to its owners--the taxpayers--along with a reasonable overall profit.
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All Sarbanes-Oxley's efforts to control risk did not avoid the tremendous financial bubble and bust of the last several years.
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Current financial reform proposals would establish "too big to fail" as national policy.
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The dollar has tanked this year, though the drop has been fairly steady and orderly. That may be about to change.
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Funding alternative energy may end up being a poor use of federal dollars if local utilities regulators continue to run a short-sighted, politically motivated, counterproductive strategy.
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The president should embrace the proposal for a payroll tax holiday. It would immediately reduce the cost of job creation.
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In the face of the worst jobless rate in twenty-six years, the Obama administration and congressional Democrats do not seem to realize that adopting bad policies kills jobs.
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As the Obama administration formulates policies for Asia, it should make a trans-Pacific vision for regional integration a clear and central U.S. priority.
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Aid money from the United States to Pakistan should be distributed through a Pakistan Marshall Plan.
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Sunday, November 22, 2009
