Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

I don't think I've had any great success in predicting politics or social change, nor have I really tried.

In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and - very much in third place - tax cuts.

Economics is not a morality play.

What Republicans have actually put on the table is almost nothing. All of the rest is just big talk. So how is the president supposed to negotiate with people who say, 'Here's my demands. By the way, I can't give you any specifics. Just make me happy'?

Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.