For most policy problems, there is usually a simple answer and a correct answer; they are rarely the same thing. That dilemma is evident in the debate about what the U.S. can do to boost its manufacturing sector.
Among the many misconceptions about Barack Obama is that he is cautious. In fact, it is hard to think of a modern president in recent times who has been more willing to take big risks, not because he is reckless, but because he is willing to suffer potential short-term setbacks to achieve a desired long-term result. It is in that context that the much-maligned debt-ceiling compromise must be understood.
The White House’s economic achievement checklist looks better each day. Unemployment rate back in the low 8 percent range? Check. The Dow Jones Industrial Average back above 12,000? Check. Payroll-tax cut extended for the rest of this year, giving an extra boost to the economy? Check.
Last week, President Barack Obama gave a speech whose location, tone and language consciously evoked an address by Theodore Roosevelt at the outset of the 1912 presidential campaign. The deliberate historical echo, however, raised an intriguing question: Will Obama’s 2012 effort bear a closer resemblance to the one waged by Woodrow Wilson, Roosevelt’s opponent, than to the race run by TR himself?
Suppose you are an unmarried doctor, making $175,000 a year. Or a store manager married to a Realtor, earning a combined $160,000. Or a journalist married to a lawyer, each making $90,000. Or the owner of a small business who takes home $120,000.