Robert J. Samuelson - The Japan Times

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Robert J. Samuelson

For Robert J. Samuelson's latest contributions to The Japan Times, see below:

COMMENTARY / World

Jan 14, 2013

The untamed health care monster

Is the United States finally controlling health spending?

BUSINESS / Economy

Jan 8, 2013

Unneeded farm subsidies off table as U.S. debates budget cuts

COMMENTARY / World

Jan 3, 2013

Globalization is on the ropes

One fateful question for 2013 is this: What happens to globalization? For decades, growing volumes of cross-border trade and money flows have fueled strong economic growth. But something remarkable is happening; trade and international money flows are slowing and, in some cases, declining. David Smick, the perceptive editor of The International Economy magazine, calls the retreat "deglobalization."

COMMENTARY

Dec 19, 2012

Will the second time be a charm for the Fed?

It was big news last week when the Federal Reserve announced that it wants to maintain its current low-interest rate policy until unemployment, now 7.7 percent, drops to at least 6.5 percent. The Fed was correctly portrayed as favoring job creation over fighting inflation, though it also set an inflation target of 2.5 percent.

COMMENTARY

Dec 12, 2012

U.S. economy creating a lost generation

This is not a good time to be starting out in life. Jobs are scarce, and those that exist often pay unexpectedly low wages. Beginning a family — always stressful and uncertain — is increasingly a stretch. The weak economy begets weak family formation. We instinctively know this; several new studies now deepen our understanding.

COMMENTARY

Dec 3, 2012

An open road ahead for soaking America's rich

As a practical matter, the debate over higher taxes is finished. If there's an agreement to avoid the "fiscal cliff," it will almost certainly contain large tax increases mostly or entirely on the wealthy.

COMMENTARY

Sep 24, 2012

Gaffe calls welfare of candidacy into question

It is a measure of Mitt Romney's inadequacies as a candidate that he has not been able to turn his latest gaffe — his dismissive reference to the 47 percent of Americans who "are dependent upon government" — into a teachable moment and a campaign advantage.

COMMENTARY

Sep 5, 2012

Obama earns mediocre marks on economy

President Barack Obama's economic report card is at best mediocre. I'd give him a C+, while acknowledging that presidents usually don't much influence the economy. It's too big and subject to too many complex forces, from new technologies to global conditions.

COMMENTARY

Aug 29, 2012

Political pandering to America's middle class

Republicans and Democrats don't agree on much, but they do agree on this: the middle class. At their conventions, the two parties will compete fiercely for its support.

COMMENTARY

Aug 28, 2012

Lockdown on expert candor

Larry Summers knows better. In a column for the Washington Post (which ran Monday in The Japan Times under the headline "The unlikely chance of shrinking government"), the Treasury secretary under President Bill Clinton and former economic adviser to President Barack Obama shows why the federal government is destined to expand, regardless of what Republican presidential challenger Mitt Romney or a re-elected Obama suggests.

COMMENTARY

Aug 17, 2012

Ryan invites a 'conversation'

The selection of Paul Ryan — chairman of the House Budget Committee — as Mitt Romney's vice presidential candidate has the potential to turn this dreary presidential campaign into a meaningful debate over the size and role of the federal government.

COMMENTARY

Aug 8, 2012

The reasons for America's Generation Squeezed

I worry about the future — not mine but that of my three children, all in their 20s. It is an axiom of American folklore that every generation should live better than its predecessors. But this is not a constitutional right or even an entitlement, and I am skeptical that today's young will do so. Nor am I alone. A recent USA Today/Gallup poll finds that nearly 60 percent of Americans are also doubters. I meet many parents who fear the future that awaits their children.

COMMENTARY

Jul 23, 2012

America's surprisingly good score on mobility

In America, we believe that anyone can grow up to be anything. You want to be president? Go for it. Among recent presidents, Barack Obama, Bill Clinton, Lyndon Johnson and Dwight Eisenhower all came from modest backgrounds.

COMMENTARY

Jul 19, 2012

Character assassination on the campaign trail

It's getting down and dirty in election land. Last week, President Barack Obama's campaign suggested Mitt Romney might be guilty of a felony for filing misleading papers with the Securities and Exchange Commission (a charge The Washington Post discounted); and Romney's team aired a new ad portraying Obama as a liar.

COMMENTARY

Jul 12, 2012

Why America's economic policy is paralyzed

Wondering why government can't restart the sluggish economy? Well, one reason is that we are still paying the price for the greatest blunder in domestic policy since World War II. This occurred a half-century ago and helps explain today's policy paralysis. The story — largely unrecognized — is worth understanding.

COMMENTARY

Jul 2, 2012

Entering uncharted territory of broken models

We live in a world of broken models. To understand why world leaders can't easily fix the global economy, you have to realize that the economic models on which the United States, Europe and China relied are collapsing. The models differ, but the breakdowns are occurring simultaneously and feed on each other. The result is that the global recovery flags, while pessimism and uncertainty mount.

COMMENTARY

Jun 6, 2012

Europe faces a grim choice

Europe is at the abyss — again. Its turmoil is rattling global stock markets and stoking fear and bewilderment. The obvious question is, what's the solution? The answer is, there is no solution. Europe faces choices, some bad and others worse.

COMMENTARY

Nov 2, 2011

U.S. military spending cuts have gone too far

We shouldn't gut defense. A central question of our budget debates is how much we allow growing social spending to crowd out the military and, in effect, force the United States into a dangerous, slow-motion disarmament.

COMMENTARY

Oct 19, 2011

Our children's future no longer looks so bright

A specter haunts America: downward mobility. Every generation, we believe, should live better than its predecessor. By and large, Americans still embrace that promise. A Pew survey earlier this year found that 48 percent of respondents felt that their children's living standards would exceed their own. Although that's down from 61 percent in 2002, it's on a par with the mid-1990s. But these expectations could be dashed. For young Americans, the future could be dimmer.

COMMENTARY

Oct 14, 2011

Why the sudden backlash against the wealthy?

The context for Occupy Wall Street and proposals to tax the rich — "rich" being constantly redefined — is the broader issue of economic inequality. For years, liberal politicians, academics and pundits have complained about growing inequality, but their protests barely resonated with the public. When most people are doing OK, the fact that some people are doing better does not arouse much anger. No more. When many people do worse, or fear they might, the rich inspire resentment and envy. Glaring inequalities that once seemed tolerable become offensive.

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