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Tag: Stimulus


woodleywonderworks (CC BY 2.0)

$5 Billion Cuts in Food Stamps Effective Friday

Charities and food activists have warned for months that the expiration of stimulus funds for food stamps Friday will affect every U.S. household that depends on them.

Posted on Nov 1, 2013 READ MORE



renaissancechambara (CC BY 2.0)

Scheer Trumps Krugman in Stockman Debate

Journalist Mike Whitney praised the Truthdig editor in chief for being “the only voice on the left” to defend former Reagan budget director David Stockman against an “army of toffeenose pundits” who failed to honor the essential truth of Stockman’s controversial New York Times op-ed.

Posted on Apr 11, 2013 READ MORE



AP/Francisco Seco

Pick Paul Krugman, Mr. President

The Nobel Prize-winning economist and public advocate is at the top of every liberal’s wish list for President Obama’s second-term Cabinet appointments.

Posted on Jan 5, 2013 READ MORE


Post-Election Depression

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Posted on Nov 16, 2012 READ MORE



White House/Pete Souza

Why Obama Deserves a Second Term

My family survived the Great Recession because of the policies of the Obama administration. I suspect we were not alone in benefiting from one or another of the various relief programs.

Posted on Oct 15, 2012 READ MORE


Can Government Create Jobs or Not?

For most of President Obama’s term, Republicans have ignored the millions of jobs the Congressional Budget Office says the 2009 stimulus legislation created and instead argued that the government is incapable of boosting employment. Now the same GOP is barnstorming the country telling us the government can, in fact, create jobs—lots of them.

Posted on Aug 10, 2012 READ MORE



Photo by David Spencer (CC-BY-ND)

140 Terrifying Characters From Robert Reich

OK, so it’s only 135. Nonetheless it gives us pause when the former labor secretary and economic soothsayer tweets that China’s “bubble will pop.” If that happens, you can stop worrying about Greece and the other comparatively tiny economies of Europe.

Posted on Jul 31, 2012 READ MORE



http2007 (CC BY 2.0)

China’s Economic Growth Slows

Growth for the world’s largest exporter hit its slowest pace in three years as demand for Chinese products waned in the U.S., Europe and elsewhere, prompting the country’s leaders to encourage investment with stimulus measures.

Posted on Jul 13, 2012 READ MORE



Medill DC (CC BY 2.0)

No New Stimulus, Bernanke Says

In spite of May’s weak jobs report, Fed Chairman Ben Bernanke still sees no reason for the central bank to expand its efforts to boost the American economy. The Fed is assessing whether the economy would continue to grow fast enough to reduce the unemployment rate without further intervention, he said.

Posted on Jun 7, 2012 READ MORE



U.S. Treasury

Treasury Projects a Profit From Bailout

Just as Mitt Romney has locked up the Republican nomination on a boast of fiscal conservatism, President Obama’s Treasury Department has said it expects to turn a tidy $2 billion profit from TARP and other extraordinary measures taken to bail out the financial industry.

Posted on Apr 15, 2012 READ MORE



White House / Pete Souza

Campaigning Dems Register Higher on the Obamameter

Whatever President Obama is doing to reinstate closer ties with some high-profile members of his party is working, at least when it comes to congressional Democrats looking to extend their stays on Capitol Hill. So what’s his winning strategy?

Posted on Mar 8, 2012 READ MORE



AP / Manuel Balce Ceneta

What’s Really at Stake in 2012

Observing the liberal Democratic critics of President Barack Obama set me wondering whether they ever listen to the Republican candidates. Haven’t they noticed that the Republicans want to dismantle Social Security, Medicare, Medicaid and the rest of the economic protections for the poor and the middle class? 

Posted on Feb 16, 2012 READ MORE



Chevrolet

How the Stimulus Revived the Electric Car

Until the economic stimulus package was passed in 2009, the manufacture of electric cars and their batteries in the United States was nearly nonexistent.

Posted on Jan 31, 2012 READ MORE



Flickr / jurvetson (CC-BY)

Congressional Committee Questions Solar Company Failure

A congressional investigative committee interrogated government officials Wednesday about why they supported giving a $535 million loan package to the recently failed California solar panel manufacturer Solyndra.

Posted on Sep 14, 2011 READ MORE



AP / J. Scott Applewhite

Economists Frown on Fed Strategy

Economists across a broad range are frowning on the Federal Reserve’s most recent attempt to spur the economy, saying that the strategy of buying federal debt has helped the stock market but has had little positive effect on the general population.

Posted on Apr 24, 2011 READ MORE


Is America Too Corrupt to Keep Up?

As “Buy China” policies now economically supercharge the world’s most populous nation, the White House and congressional Republicans have opposed many of the very “Buy America” proposals that might help us keep up—and that obstruction has come at a steep price.

Posted on Jan 21, 2011 READ MORE


Celebrating the New GOP Majority

Welcome to the Republicans who take over the House of Representatives this week. Since it is a new year, let us be optimistic about what this development means for our nation.

Posted on Jan 3, 2011 READ MORE



White House / Pete Souza

Obama’s Tax Cave Is Worse Than Expected

Based on what The New York Times describes as President Obama’s “substantial concessions to Republicans,” Democrats in Congress have reason to fret. Not only did Obama agree to extend the Bush tax cuts for the wealthy, but he caved in to Republican demands to neuter the estate tax. ... (more)

Posted on Dec 7, 2010 READ MORE



Flickr / Gisela Giardino (CC-BY-SA)

Federal Reserve Finds $600 Billion in the Couch

Trying to follow the amount of money the Federal Reserve has pumped into the economy (and the banks) can be truly mind-boggling, and it’s not getting easier. (continued)

Posted on Nov 3, 2010 READ MORE



Flickr / Alan Bruce (CC-BY)

Dead People Are Immune to Stimulus

Of the 52 million people who received $250 stimulus checks last year, 72,000 were dead. While the loss of much of that $18 million is unfortunate, and we are sure to hear all about it in various campaigns, the waste adds up to a tiny sliver of a fraction of the nearly $800 billion American Recovery and Reinvestment Act.

Posted on Oct 7, 2010 READ MORE


Look Who’s Killing Jobs Now

Republicans like to denounce President Obama and congressional Democrats for what they describe as “job-killing” policies. But in those red-hot rhetorical terms, congressional Republicans are guilty of mass murder when it comes to job creation.

Posted on Sep 30, 2010 READ MORE


Money Talks

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Posted on Sep 13, 2010 READ MORE    



Flickr / Jim Champion (CC-BY-SA)

Democrats Afraid of the D-Word

Judging by their television commercials, the Democrats aren’t too thrilled with their legislative accomplishments. A New York Times analysis of ads finds that Republican candidates bring up health care, for instance, more often than the opposition and some Democrats don’t even identify themselves by party.

Posted on Sep 12, 2010 READ MORE



White House / Chuck Kennedy

Builder Barack Wants a Mini Stimulus (Update)

With unemployment still rising and the American infrastructure getting no less crumbly, President Obama is set to announce a six-year plan to build roads and create jobs, starting with a $50 billion investment. That’s assuming Congress gets on board the recovery train.

Posted on Sep 6, 2010 READ MORE



Flickr / edEx

The Job Market Continues to Struggle

In news that reflects the weakening pulse of the economy, the Labor Department reported that initial claims for jobless benefits rose last week to a seasonally adjusted level of half a million, the highest since last November.

Posted on Aug 19, 2010 READ MORE


Senate Gives Financial Reform a Big Boost

On Thursday, the Senate helped bring financial reform one step closer to reality by approving legislation designed to get at some of the roots, at least, of the economic destruction that Wall Street wrought two years ago.

Posted on Jul 15, 2010 READ MORE



Flickr / twicepix (CC-BY-SA)

Fiddling While the Economy Burns

Let me put it in terms that Washington understands: The party that begins to treat the unemployment crisis with the hair-on-fire urgency that it deserves is the party that will do well in November.

Posted on Jul 5, 2010 READ MORE


Spend Now, Save Later

Do Democrats honestly think that nickel-and-diming on stimulus now will either have a substantial impact on the long-term deficit or be of greater help to them in this fall’s elections than more robust growth?

Posted on Jun 13, 2010 READ MORE


Michael Steele
Wikimedia Commons / Steele for Chairman

GOP Jumps on Dismal Jobs Report

A president’s employment problem is the opposition’s cannon fodder during election season, and Friday’s bad news on employment is giving the GOP some opportunities to lob a few more hits at the Democrats during the lead-in to this fall’s midterm elections.

Posted on Jun 4, 2010 READ MORE


‘Fault Lines’: Unemployment in the U.S.

Check out this new “Fault Lines” video in which Avi Lewis examines the lives of Americans who are jobless or underemployed—a number approaching 30 million.

Posted on Apr 9, 2010 READ MORE



White House / Chuck Kennedy

Stimulus: One Year Later

Some say it was too modest, others feel it was about $800 billion overboard. In any event, the American Recovery and Reinvestment Act is a year old, and, according to ProPublica, still has a few hundred billion dollars’ worth of stimulation left in the tank.

Posted on Feb 17, 2010 READ MORE


U.S.-China trade toast
AP / Eugene Hoshiko

Don’t Blame China

The Chinamen did it. In the great American tradition of finding foreign scapegoats for our problems, the hunt is on to somehow hold China responsible for the misery that Wall Street financiers inflicted upon the world.

Posted on Jan 12, 2010 READ MORE



Flickr / jphilipg

White House Juices the Job Count

The White House will now count all jobs funded by stimulus money, not just those that were created or saved. The job market is still hemorrhaging and the administration might be looking to do a little inflation. Or it might honestly be trying to simplify a confusing and highly criticized formula for counting jobs.

Posted on Jan 11, 2010 READ MORE


SNL

Goldman Sachs Becomes ‘SNL’ Punchline

Those entitled Wall Street types at Goldman Sachs are apparently oblivious to the fact that they’re having some PR issues of late—either that, or they don’t really care. Either way, “SNL” stars Amy Poehler and Seth Meyers make them the brunt of their jokes in this clip from last weekend’s show.

Posted on Nov 9, 2009 READ MORE



Flickr / lucianvenutian

Goofy Stimulus Projects Have Real Value

Don’t be fooled by stimulus critics who cite expenditures such as the “electric fish orchestra” (actually an educational demonstration of a larger project related to robotics and prosthetics) or trips to resorts (to train special-ed teachers). “Waste,” as ProPublica reports, “is in the eye of the beholder.” (continued)

Posted on Nov 5, 2009 READ MORE


employment
haldimandcountyhydro.ca

White House: Stimulus Made, Saved Nearly 650,000 Jobs

The White House sounded a triumphant note Friday about the success of the economic stimulus in salvaging and creating close to 650,000 jobs in recent months, but some Republicans, along with the AP, are questioning the accuracy of the government’s figures.

Posted on Oct 30, 2009 READ MORE


Don’t Worry About Us Seniors

You can’t go wrong in politics giving money to seniors, but it’s the poor and hungry—often kids—who need $250 checks.

Posted on Oct 21, 2009 READ MORE



Flickr / toddalert

Sorry Grandma, No COLA for You

For the first time in 34 years, Social Security beneficiaries will not get a benefit boost from a cost-of-living adjustment. Falling energy prices, in particular, should keep seniors flush with their monthly average $1,094 checks. So what if their health care costs have gone up by a third?

Posted on Oct 15, 2009 READ MORE


Summers
AP / Lawrence Jackson

Summers to Boehner: Stimulus Is Working

There is some rumbling among the congressional Republican ranks that Team Obama’s stimulus package has driven the country into ever deeper economic trouble, but one prominent member of said presidential team, economic adviser Lawrence Summers, begs to differ—and he’s written a letter to House GOP honcho John Boehner to tell him why. 

Posted on Oct 12, 2009 READ MORE



White House / Pete Souza

Why Obama Must Spend More

If the president and Congress don’t come to the aid of workers, the political consequences will be severe, and deservedly so.

Posted on Oct 7, 2009 READ MORE


States Ignoring Stimulus Welfare Fund

Congress created a $5 billion emergency fund for needy families that can be used to immediately create jobs or pay rent for families facing eviction, but many states say they can’t afford to take advantage of the windfall.

Posted on Sep 8, 2009 READ MORE



Flickr / showbizsuperstar

Here’s Hoping Obama Really Is a Socialist

In this topsy-turvy world it seems one’s proximity to full-blown communism is directly proportional to one’s success in capitalism. Take Red China’s explosive economic growth, or the unexpected success of semi-socialist Germany and France, which just bid auf Wiedersehen and adieu to the recession.

Posted on Aug 13, 2009 READ MORE


ENTER_ALT_TEXT
AP / Josh Anderson

That Good Ol’ Tennessee Socialism

Faced with one of the highest unemployment rates in the country, Tennessee has taken matters into its own hands. In a work project inspired by the New Deal, the state is using money from the federal stimulus package to create hundreds of jobs ranging from working for the state Transportation Department to baking goodies at the local pie shop.

Posted on Jul 27, 2009 READ MORE


GM building
Flickr/richardefreeman

Here Comes the ‘New’ GM

General Motors Chief Executive Fritz Henderson tooted his company’s horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker—but he couldn’t promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers.

Posted on Jul 10, 2009 READ MORE



Illustration from Flickr / CJ Sorg and South Carolina Governor's Office

Governor Goes Missing

South Carolina governor and anti-stimulus crusader Mark Sanford has vanished. Sanford gave his staff and security team the slip four days ago and managed to miss Father’s Day without alarming his wife, who also doesn’t know where he is. “He was writing something and wanted some space to get away from the kids,” she explained to AP.

Posted on Jun 22, 2009 READ MORE


Obama and Crist
AP photo / Charles Dharapak

Will Republicans Back an Obama Hugger?

When Charlie Crist, Florida’s popular governor, announced this week that he would run for the U.S. Senate, it was the best news the Republican Party has had in an otherwise unpleasant year.

Posted on May 14, 2009 READ MORE


American Pi

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Posted on Apr 13, 2009 READ MORE    


Capitol dome
Flickr/Sam Ruaat

Senate Gives Budget Plan the Go-Ahead

Although the congressional GOP contingent wanted nothing to do with it, President Barack Obama’s $3.53 trillion budget package made the Senate cut on Thursday evening, passing with a 55-43 vote. 

Posted on Apr 2, 2009 READ MORE


Dodd
hoinews.com

Dodd Takes a Hit for AIG Bonus Blunder

When word got out that Sen. Chris Dodd was responsible for loosening the restrictions on executive bonuses while drafting the stimulus bill, his constituents were apparently listening, as the Democrat’s approval rating in his home state of Connecticut has hit an all-time low. Now he could be in danger of losing his Senate seat in 2010.

Posted on Apr 2, 2009 READ MORE


Obama in Europe

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Posted on Apr 1, 2009 READ MORE


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