Former OMB Director Peter Orszag gives us an absurd argument for why we should extend Bush tax cuts for the richest two percent of Americans for another two years but end the Bush tax cuts for everyone by 2013. To get there, Orszag has to ignore both economics and fairness and use logic and political arguments only when convenient.

Despite at least $3 trillion in government spending aimed at stimulating the economy, a multitude of economic indicators now show that the economy is poised to slip into a double dip recession. In order to stave off another dip into further recession Congress and the Obama Administration need to direct federal funds to small businesses.

The debate over the housing finance crisis takes place along the backdrop of 300,000 foreclosures a month and no credible plan to arrest that. It’s like arguing about where to build the bedroom in the renovation of a two-story house while it’s on fire. Policymakers haven’t done the job, simply put. And the only one thinking creatively about solutions to the crisis, or at least solutions to the intersecting jobs crisis, is PIMCO bond investor Bill Gross.

Until today’s column, the Washington Post’s Steven Pearlstein had been largely immune from the mind numbing symptoms of deficit hysteria syndrome. That disease has already incapacited the brains of everyone else at the Post. But now it seems he’s become incoherent, simultaneously babbling in conflicting tongues.

On how the Obama administration has fallen short of the Obama campaign’s image of grassroots populism.

Presentation of 6 stimulus scenarios and their job creation potentials

After Harry Reid announced the Senate would defer voting on the stimulus bill until Friday, a group of clueless “centrist” Senators continued meeting to find ways to make the stimulus bill less effective and a depression more likely. And they may succeed.