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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

January 9, 2015 at 10:10 AM

Vote: How can Congress help the economy

The Republicans that have commanding control of the new Congress hold strong views on the economy. Among them is a conviction that taxes always must be cut and pay for themselves. That regulations must be altered to favor business. That what they consider excesses infringing on “economic freedom” — from the New Deal, Great Society and Clinton and Obama (and Nixon) administrations — must be rolled back.

The GOP-controlled Congress doesn’t believe there are economic costs from human-caused climate change because they don’t believe human-caused climate change is real. Even if the Congress accomplishes little, it can be a check on what conservatives see as the “excesses” of President Obama. Senate Majority Leader Mitch McConnell said the economy has been improving this year in anticipation of a Republican Congress.

About the only area of agreement with the White House might be fast-tracking the controversial Trans-Pacific Partnership trade agreement.

So, what should the Congress focus on?


This Week’s Links:

Jobs report shows we’ve got some mo’ going — if Congress does no harm | Jared Bernstein

GOP campaign to gut Dodd-Frank is a huge gimme to banks and private equity | Naked Capitalism

What we give up when we become ‘entrepreneurs’ | Science of Us

Getting it wrong on disability insurance | CBPP

China is stockpiling vast quantities of cheap oil | Quartz

One economic theory to explain everything | Noah Smith

Who owns Treasuries (chart) | The Big Picture

Creepy big data health models | Mathbabe


Today’s Econ Haiku:

More good news on jobs

Unless you wanted a raise

Hey, start a hedge fund


 

 

Comments | More in Politics and the economy | Topics: Friday polls, GOP Congress, Keystone XL

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