Ugh, this is not good… former Clinton trade official and current member of the Obama administration’s economic advisory panel Laura Tyson said in Singapore today that the $787-billion plan Congress passed in February “will have a positive effect, but the real economy is a sicker patient.” She went on to say the plan turned out [...]
AP: Stimulus not Stimulating
May 14, 2009 By Leave a Comment
The AP’s Matt Apuzzo yesterday examined Vice President Joe Biden’s first quarterly report of the Stimulus plan and found the picture to a bit more cloudy than the White House claims: Capturing the full effect of the stimulus at this early stage is difficult, but the administration has set high bars for success. In championing [...]
Is More Spending the Answer to Our Economic Problems?
April 8, 2009 By Leave a Comment
I mentioned last week that the Government and Federal Reserve had spent, lent or committed $12.8 trillion, here’s video from stopspendingourfuture.org that helps put that in perspective: In short, we have spent more bailouts than we did on World War 2!
CNBC’s Rick Santelli Responds to White House Spokesman Robert Gibbs
February 23, 2009 By Leave a Comment
CNBC’s Rick Santelli seems to have struck a nerve with his impassioned rant against Pres. Obama’s home mortgage bailout plan. To be honest I’m not at all surprised, there seems to be disconnect between those inside the beltway and those outside. I tend to think most Americans instinctively don’t like the idea of the government [...]
Chicago Tea Party
February 19, 2009 By 1 Comment
Drudge has been hyping this all afternoon… It’s hardly a revolt, but with the Dow industrials closing at a six year low of 7465.95 I think it’s safe to say the markets aren’t crazy about governments economic rescue plans.
Sniffing Out A RAT
February 19, 2009 By 1 Comment
The more we learn about the provisions of the recently passed stimulus law the more their is to be concerned about. Byron York writing in today’s Washington Examiner sniffs out a RAT buried in the stimulus law: You’ve heard a lot about the astonishing spending in the $787 billion economic stimulus bill, signed into law [...]
Healthcare Provisions of Stimulus Law Not Well Understood
February 18, 2009 By Leave a Comment
CNSNews.com has two must read pieces on the stimulus laws healthcare provisions… The first deals with the plans National Medical Records System provisions: Stimulus Law Does Not Require All Americans to Enter Their Medical Records into National System, Dems Say By Josiah Ryan, Staff Writer, CNSNews.com, Tuesday, February 17, 2009 Two top House Democrats told [...]
Senate Passes Pork Laden Stimulus Bill
February 13, 2009 By Leave a Comment
The final vote tally is in… The Senate approved the measure 60-38 with three erstwhile Republicans, Alren Specter, Olympia Snowe and Susan Collins providing the votes needed for passage. No surprise really we all knew Specter, Collins and Snowe would vote with the Democrats… While I’m not happy about it I’m not going to jump [...]
Breaking: Senate Stimulus Plan Vote Underway
February 13, 2009 By Leave a Comment
It’ll be a while before we have the final tally as Senate Majority Leader Harry Reid intends to hold the vote open so that Sen. Sherrod Brown (D-OH) can return to Washington and vote later tonight. Right now it looks like the bill is going to pass there are 57 yes votes with three Democrats [...]
A Commonsense Stimulus Plan
February 13, 2009 By 1 Comment
Michelle Muccio offers a simple commonsense stimulus plan: I like it, suspending payroll taxes for a year would have a far more immediate effect than anything in the plan being rushed through congress. Personally, my idea of a stimulus plan would be: Make the Bush Tax cuts permanent. Cut the corporate tax rate from the [...]
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