Category Archives: Economic Policy: The Great Financial Crisis

Is Money Too Easy…or Too Tight? | Ricochet.com | 01.11.14

By Clark S. Judge | Published: January 14, 2014
Last week, I posted a summary to a New York Times op-ed by financial crisis expert Peter Wallison (“Nightmare on Elm Street: A Picture of the New Housing Bubble”). Wallison had argued that a new housing bubble was developing.  I included with my summary a chart that he circulated privately to back up his claim. In a comment […]
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Nightmare on Elm Street: A Picture of The New Housing Bubble | Ricochet.com | 01.06.14

By Clark S. Judge | Published: January 14, 2014
No one has written as deeply and well on the financial crisis as Peter Wallison, once White House Counsel for President Reagan and now a senior fellow at the American Enterprise Institute. His core analysis: Beginning in the late 1990s, Fannie Mae and Freddie Mac — driven by the Clinton Administration and Congressional policy (read: […]
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Washington Deadlock: Obama Speech v. Paulson Presentation | HughHewitt.com | 09.19.13

By Clark S. Judge | Published: September 20, 2013
If you want to see why Washington has been in such deadlock since the GOP took over Congress, look no farther than two talks of this past Monday. The first was President Obama’s speech on the economy, delivered in the noon hour within the White House complex.  Many commentators described it as “unhelpful” and that […]
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The Case for More Sequester | USNews.com | 4.08.13

By Clark S. Judge | Published: April 8, 2013
I’m guessing you missed the latest troubling economic news. I am not talking about last week’s unemployment figures. A record 90 million Americans are now out of the workforce, taking the U.S. labor participation rate back to Carter administration levels – 63.5 percent. The White House tried to blame The Sequester. But the job trend […]
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Federal Reserve Moves in Opposite Directions on Fixing the Economy | USNews.com | 12.14.12

By Clark S. Judge | Published: December 14, 2012
Here’s a flash. Things aren’t always as they seem in Washington. Case in point: This week headlines around the world screamed that the Federal Reserve Board is making lowering unemployment, not controlling inflation, its key objective. It will continue holding down interest rates and expanding the money supply so long as unemployment remains above 6.5 percent. This means […]
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Embracing Basel III: Did the Administration Drive Another Nail Into its Reelection Coffin Last Week? | HughHewitt.com | 11.8.11

By Clark S. Judge | Published: November 8, 2011
Overseas and unbeknown to it, the Obama Administration may have sealed its 2012 fate in the past five days. I am not talking about its feckless response to the expected report from the UN nuclear monitor – the International Atomic Energy Agency — that Iran can now produce nuclear weapons.  Nor do I mean the […]
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Requiem for a Canary | HughHewitt.com | 07.05.10

By Clark S. Judge | Published: July 6, 2010
“If the economy were a coal mine,’ wrote the editorialist of The New York Times on Sunday, “the job market would be a 800-pound canary, warning of a recovery that is running out of steam.”  Added Fareed Zararia in this morning’s Washington Post, “The American economy is sputtering and we are running out of options.” […]
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Some Call It ObamaCare for the Financial Sector | HughHewitt.com | 04.05.10

By Clark S. Judge | Published: April 5, 2010
Having taken over the auto industry and the health care industry, last week Washington turned its attention to securing its grip on the full sweep of American financial institutions. Last year’s and this year’s bailouts had given the government a stake – supposedly passing – in a number of commercial banks.  The reforms that Congress […]
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“The economic mess we inherited” | HughHewitt.com | 12.14.09

By Clark S. Judge | Published: December 14, 2009
On Sunday, Rasmussen reported an amazing nineteen-point negative gap between President Obama’s strong favorable (23%) and strong unfavorable ratings (42%) among likely voters.  In polling terms this deficit is almost as big as the trillion-dollar-plus one in Mr. Obama’s 2010 budget.  To it, the administration has one response, repeated last night in the president’s interview […]
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Obamacare, the Economy, and the Battle of Washington | HughHewitt.com | 08.03.09

By Clark S. Judge | Published: August 3, 2009
It has been a bad couple of weeks for President Obama and his signature health care overhaul package.  Now help may be on the way in the form of a reviving economy. But if prosperity is returning, did the Obama Administration really have anything to do with it?  And will the recovery save the President’s […]
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President Obama’s Stimulus v. Milton Friedman’s Rule | USNews.com | 02.06.09

By Clark S. Judge | Published: February 6, 2009
Milton Friedman had a rule: Increases or decreases in the money supply take six to nine months to alter economic output and as much as two years to move prices. As the Senate takes up the president’s stimulus package, the administration argues that, to avert another Great Depression, it is better to do too much […]
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The First Bank Run of the Non-Bank Bank Era | HughHewitt.com | 09.29.08

By Clark S. Judge | Published: September 29, 2008
According to a late night email from the House GOP leadership, floor debate on the financial rescue bill may begin as early as 8am Eastern Time and will be limited to three hours.  So the House will almost certainly be discussing the bill by the time this column is posted. No one needs to be […]
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A Wall Street Rescue That Makes Every Player a Winner | HughHewitt.com | 09.26.08

By Clark S. Judge | Published: September 26, 2008
With the Wall Street rescue talks on the ropes, there is a deal waiting to be done that fixes the Paulson Plan’s problems and gives each key player a win. The key objectives of the rescue are: 1) to restore stability and liquidity to a US financial system currently threatened by the collapse in value […]
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Sin and the Financial Meltdown: Sloth, Not Greed | HughHewitt.com | 09.22.08

By Clark S. Judge | Published: September 22, 2008
Barack Obama and the Democratic majority in Congress need an economics lesson. Greed is not the deadly sin at the root of the current financial crisis.  If anything, sloth is.  And that means that loading a ton of new regulation on the already highly regulated financial sector will not prevent future crises. Populist Washington holds […]
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Figuring Out Prof Ben’s Fed | New York Post | 05.03.08

By Clark S. Judge | Published: March 3, 2008
Worrisome inflation reports and rising unemployment have left economic pundits asking if the Federal Reserve and the Bush administration learned anything from the Great Stagflation of the 1970s, other than the Great Depression, the worst economic crisis of the 20th century. They ask: Are plummeting Fed funds rates and the president’s stimulus package a 2008 […]
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