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Stimulus Package
Poll found 57% of adults say the stimulus package is having no impact on the economy or making it worse.
Poll: 57% don't see stimulus working Skepticism presents hurdle for Obama By Brad Heath USA TODAY WASHINGTON — Six months after President Obama launched a $787 billion plan to right the nation's economy, a majority of Americans think the avalanche of new federal aid has cost too much and done too little to end the recession. A USA TODAY/Gallup Poll found 57% of adults say the stimulus package is having no impact on the economy or making it worse. Even more — 60% — doubt that the stimulus plan will help the economy in the years ahead, and only 18% say it has done anything to help improve their personal situation.The economy and stimulus packages A VERY GOOD READ
Conn Carroll put all this together, and I hope EVERYONE reads it President Barack Obama wants us to put away out “childish” disagreements. But their is nothing childish about the very real concerns many economist have about his $800 billion soon to be over $1 trillion stimulus package. Those with very adult doubts about how borrowing another dollars can save our economy when we already have a trillion dollar deficit include: John Bates Clark Medal recipient, Nobel laureate, and University of Chicago economics professor Gary Becker: Perhaps their estimates of the stimulus provided by direct government spending are in the right ballpark, but I tend to believe that they are excessive.WAKE UP 2: LARRY SUMMERS ADMITS THAT OBAMA IS PLAYING POLITICS WITH STIMULUS PACKAGE!
LARRY SUMMERS ADMITS THAT OBAMA IS PLAYING POLITICS WITH STIMULUS PACKAGE! THE HILL : Geithner postpones unveiling TARP plan Treasury Secretary Tim Geithner will postpone until Tuesday his new plan to boost the financial system with the rest of the $700 billion bailout money, one of President Obama's top economic advisers said on Sunday. Lawrence Summers, the head of the National Economic Council, said on "This Week with George Stephanopolous" that the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package making its way through Congress.REPEAT: the White House wants to keep the focus on the roughly $800 billion fiscal stimulus packageREPEAT:the White House wants to keep the focus on the roughly $800 billion fiscal stimulus packageSUMMERS HAS INADVERTENTLY EXPOSED OBAMA'S PORKAPALOZZA FOR WHAT IT IS: A SHAM WHOSE PASSAGE IS ONLY POSSIBLE IF THE NATION IS TERRIFIED OF TAKING THE TIME TO EXAMINE IT.A case for the stimulus package (Posted for reasoned debate not ad hominem attacks)
I AM POSTING THIS TO STIR REASONED DEBATE, LIGHT NOT HEAT.----- PERSONAL OR SNIDE COMMENTS WILL NOT BE TOLERATED. ==== IF YOU DO, I WILL ASK YOU TO STOP POSTING, IF YOU DON’T I WILL EITHER MAKE IT PRIVATE OR TAKE IT DOWN ALL TOGETHER. -------------DISAGREE, BUT DO NOT DISRESPECT.Will the Democrats let Obama put the country ahead of the party?
The Note, 1/9/09: Obama Pressed From Left on Stimulus January 09, 2009 8:37 AM By RICK KLEIN With the rollout comes the blowback. And with them both comes the presidential-sized challenge for the not-yet president. It turns out you don’t have to look very hard to find the fault lines in President-elect Barack Obama’s bid for a massive stimulus bill.Just as Obama begins, huge deficit could hamper plans (McClatchy Newspapers)
Just as Obama begins, huge deficit could hamper plans By Steven Thomma | McClatchy Newspapers WASHINGTON — The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink. With his party controlling both the House of Representatives and the Senate, Obama's still likely to get the OK for spending and tax cuts that cost $1 trillion or more over two years and are designed to jump-start the economy and create or save 3 million jobs. However, while many economists, business groups and politicians agree on the need for something dramatic, Obama now concedes that he'll have to wait until February to get a bill to sign.Lawmakers Worry Whether Obama Tax Cut Will Stimulate Consumer Spending
The Democrats' stimulus plan would give a $400 tax cut to individuals and an $800 cut to couples. That boils down to an extra $13 a week for most workers starting in June, and would fall to about $8 extra per week next January. President Obama plans to sign his landmark economic recovery package Tuesday, but lawmakers are increasingly concerned that one of the bill's central proposals -- the tax cut for individuals -- will be too small and too temporary to have much effect.Sex and Stimulus
February 5, 2009, 4:16 pm By Nancy Folbre/ NY Times Nancy Folbre, an economics professor at the University of Massachusetts, Amherst, writes about the economics of public support for family planning. Recent discussions that the planned stimulus package will not be enough to get the economy moving again included some eye-winking debate over public support for family planning. The package initially included a proposal to allow states to extend Medicaid funding for family planning to women in families with income above existing eligibility thresholds.GM Wins, Loses in Stimulus Pact While Homebuilders Get Less Aid
Feb. 12 (Bloomberg) -- General Motors Corp. emerged as both a winner and loser in the $789 billion economic stimulus package that lawmakers agreed to after ironing out differences between competing House and Senate versions.Expect the World Economy to Suffer Through 2009 (Political risk is a bigger factor than ever.) please read
By IAN BREMMER and NOURIEL ROUBINI (WSJ 1/23/09) Some optimistic experts are now saying that though this will be a turbulent year for global markets, the worst of the financial crisis is now behind us. Would it were so. We believe that 2009 will be tougher than many anticipate.
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