Greentech Industries Imperiled by Anti-Stimulus, Removal of Federal Supports

By: Friday September 21, 2012 10:15 am

One of the highlights of the stimulus package, according to Michael Grunwald’s book The New New Deal, was the $90 billion in investment in green energy. This kick-started a moribund industry and more than doubled the output of renewables as a percentage of overall energy. What it did not do is secure the place of [...]

Paul Ryan’s Willingness to Lie Becomes Apparent Just One Week Into National Campaign

By: Friday August 17, 2012 8:15 am

Paul Ryan, like all House Republicans, voted against the stimulus package. Then Paul Ryan, like a bunch of House Republicans, wrote letters to federal agencies requesting stimulus funds for his district. There’s nothing inherently wrong with this – if there’s money on the table, you’re not doing your job as a legislator unless you try [...]

End of Stimulus Causing Major Drag on Jobs and Growth

By: Friday June 3, 2011 9:08 am

The substandard jobs report can be summed up in one sentence: “The stimulus ended.” Throughout 2009 and 2010, the stimulus package, too small though it may have been, was boosting the economy by creating demand, and therefore jobs and economic growth. While the business cycle has ticked up somewhat in 2011, the job-producing spending of [...]

Boehner’s Fraudulent Speech Savaged, Agenda Criticized by Catholic Academics

By: Wednesday May 11, 2011 11:32 am

John Boehner’s demands on raising the debt limit, an action he has already pledged to take both publicly and privately on numerous occasions, are clearly ridiculous. They also have nothing to do with reducing debt, because the rigid stance against tax increases means that under his plan the budget would add $5 trillion to the [...]

The End of the Argument on Jobs and Fiscal Policy

By: Monday February 14, 2011 1:41 pm

It’s hardly surprising that Paul Krugman says better what I’ve been saying for a few days about Obama’s thinking on the budget and the economy in general. The important thing, I think, is that he has effectively given up on the idea that the government can do anything to create jobs in a depressed economy. [...]

Riverside County Cops at Yesterday’s Uncloak the Kochs Event Funded By Stimulus Dollars

By: Monday January 31, 2011 10:54 am

Lee Fang adds an interesting detail to my story on yesterday’s Koch Brothers protest in Rancho Mirage. Riverside County Sheriff spokeswoman Melissa Nieburger told me that the city of Rancho Mirage contracts its police force from the county sheriff. What I didn’t know is that the sheriff’s department covered a large shortfall in their budget [...]

States Must Pay Interest on Unemployment Fund Borrowing

By: Monday January 17, 2011 9:55 am

This seems to me to be the worst possible time for the federal government to charge states interest on borrowing to keep their unemployment funds solvent. But they’re scheduled payments that to this point have not been voided by the feds, and in a climate of austerity, Congress almost certainly won’t do so. The interest [...]

LaHood Threatens to Take HSR Stimulus Money from Ohio, Wisconsin

By: Wednesday November 10, 2010 6:18 am

My favorite cabinet secretary is the one who knows how to play hardball with Republican obstructionists, who knows the leverage he holds and is not afraid to use it. I guess that’s because he’s the only Republican in the cabinet*. In some post-election hardball between the Obama administration and newly-elected Republicans, Transportation Secretary Ray LaHood [...]

High Speed Rail, Electronic Medical Records Grants Move Through System

By: Tuesday October 26, 2010 11:45 am

With enough losses expected in the midterms to create enough gridlock to forestall any serious legislative action, it’s worth turning to the only remaining areas to expect progress for the rest of the President’s first term. Some of the stimulus programs created time-released spending over a longer period, which could be realized with results in [...]

The Policy Mistakes That Put the Country on the Road to a Lost Decade, Pt. Nth

By: Tuesday October 19, 2010 11:08 am

Bob Herbert is depressed: The problem for Mr. Obama and the Democrats is the widespread sense among anxiety-riddled Americans that the country is still in very bad shape and headed in the wrong direction. A Gallup poll last week found that 62 percent feel that economic conditions are deteriorating. The president and his party may [...]

Stimulus Comes In With Little or No Fraud, On Time, Under Budget

By: Friday October 1, 2010 9:19 am

Though I will continue to criticize those who use creative accounting to claim that TARP “worked,” I cannot say the same for the stimulus package. You can legitimately claim that the stimulus was too small – it was, and we’re facing the political consequences of that to this very day. What you cannot claim is [...]

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