The New York Times highlights a report from two prominent economists that indicates that the various Federal actions in the wake of the economic collapse substantially improved the situation. In a new paper, the economists argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal [...]
Posts Tagged ‘stimulus’
The intervention worked
Posted: 28th July 2010 by Brant in biz, politicsTags: Bush administration, economy, Obama administration, stimulus
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(via The Big Picture)
Breaking news? You decide.
Posted: 6th August 2009 by Brant in politicsTags: economy, Fox News, politics, stimulus
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So over on Fox, Trace Gallagher interviewed Michigan Senator Debbie Stabenow on the “cash-for-clunkers” program. Needless to say, since the setting was Fox News, the interviewer was against it. As soon as Stabenow makes a valid point, the interview is over. And as you can see, the breaking news wasn’t about Bill Clinton. It was [...]
More stimulus needed?
Posted: 3rd July 2009 by Brant in politicsTags: economy, Obama administration, stimulus
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Paul Krugman makes the case for an additional jolt of stimulus from the Obama administration. I do agree with him that the fact that jobs continue to be lost at a very high rate does not mean that the original stimulus failed. It simply means that the original stimulus was insufficient. God knows how high [...]
Bad timing and swine flu (updated)
Posted: 27th April 2009 by Brant in politicsTags: economy, healthcare, republicans, stimulus, swine flu
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When House Appropriations Committee chair David Obey sought $900 Million in funds for pandemic preparation to be included in the stimulus bill, he generated bitter opposition from Republicans. The GOP claimed that this was not economic stimulus. Well, with the prospect of the swine flu outbreak upon us, and its potential for damaging the already [...]
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One of the best political humor websites on the interwebs is iowahawk. A letter has gone up there indicating that it is now under new (federal) ownership. Here is an excerpt from the letter, which I recommend you real in full: Dear Weblog Stakeholder: On March 7, 2009, David Burge, Chief Blogging Officer of iowahawk.typepad.com [...]
Krugman and the Obama administration
Posted: 29th March 2009 by Brant in politicsTags: banks, economy, Obama administration, stimulus, terror, Wall Street
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Paul Krugman has been critical of the Obama administration’s bank bailout/stimulus/toxic asset programs. I tend to agree with most of his positions. Now Evan Thomas writes a profile of Krugman as the cover story of the current issue of Newsweek. If you are of the establishment persuasion (and I am), reading Krugman makes you uneasy. [...]
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Remember the Republican complaints about pork in the stimulus bill. Bobby Jindal highlight the money to spent on something called “volcano monitoring” as if this was silly. Now this (courtesy of DailyKos):
It’s over
Posted: 21st March 2009 by Brant in biz, politicsTags: economy, Obama administration, stimulus, Wall Street
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According to Matt Taibbi, the current actions being taken to repair the economy amount to a giant and successful takeover of the country by Wall Street insiders. As usual, his essay speaks clearly about the causes and results of the scandalous behavior of AIG (as one example), is required reading. People are pissed off about [...]
It's over
Posted: 21st March 2009 by Brant in biz, politicsTags: economy, Obama administration, stimulus, Wall Street
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According to Matt Taibbi, the current actions being taken to repair the economy amount to a giant and successful takeover of the country by Wall Street insiders. As usual, his essay speaks clearly about the causes and results of the scandalous behavior of AIG (as one example),\’a0 is required reading. \ People are pissed off [...]
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Not Obama’s first 50 days. Rather, what about the first 50 days of the GOP under the new administration, by Craig Crawford?
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Who got all of that bailout money the Feds gave to AIG? These are the firms that were counterparties to the risky AIG credit default swaps and other derivatives. When the transaction when south, AIG owed billions to these counterparties. So far, the government refuses to identify them. But the Wall Street Journal is building [...]
Santelli a no-show on Daily Show
Posted: 5th March 2009 by Brant in biz, fun, politicsTags: stimulus, Wall Street
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Rick Santelli was booked for the Daily Show. When he canceled, Jon Stewart was not happy. Santelli (and CNBC) would have been far better off had he shown up.
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ShovelWatch is a new site that pulls together the best info about the actual expenditures from the stimulus bill, pulled together from non-profit investigative outfit ProPublica, the NPR morning news program The Takeaway and WNYC, New York’s flagship public radio station. One of their current stories is fascinating. Looking at transportation and infrastructure funds provided [...]
Coming soon to a project near you
Posted: 3rd March 2009 by Brant in politicsTags: Obama administration, stimulus
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The Obama administration has announced that the following logo will appear on projects funded with the stimulus bill. I like the addition of green to the traditional red, white and blue.