I watched the President’s speech tonight, and I found it to be quite interesting for a number of reasons. The first part of the speech seemed like “same old, same old,” and I think it will generally be perceived as such. It appears to be more of the “stimulus” concept that has been tried and [...]
Posts Tagged ‘stimulus’
The President’s Speech
Posted in America, Politics, The Economy, tagged America, Congress, economy, Extended unemployment compensation, Politics, President Obama, Republicans, stimulus, Unemployment on September 8, 2011 | 2 Comments »
Spinning Stimulus Statistics
Posted in America, Politics, The Economy, tagged America, Council of Economic Advisers, Economists, economy, Politics, President Obama, Republicans, stimulus, stimulus spending, The Weekly Standard on July 5, 2011 | Leave a Comment »
President Obama’s “stimulus” package has been dogged by controversy since its enactment. There have been questions about the accuracy of reports of jobs “saved or created” by the stimulus spending, claims that the money really was used mostly to maintain public employee jobs and to allow state governments to defer their own deficit-reduction efforts, and [...]
Please, Not More “Stimulus”!
Posted in America, Politics, The Economy, tagged America, economy, Federal Debt, Federal Deficit, Government spending, Politics, President Obama, State Of The Union, stimulus, stimulus spending on January 24, 2011 | Leave a Comment »
Tomorrow President Obama gives his State of the Union speech. Advance stories indicate that the speech will focus on the economy — no surprise there! — and that the President will call for more government “investment” in science, education, and innovation. “Investment” is, of course, just a code word for more government spending. The only [...]
Low Standards
Posted in America, Politics, The Economy, tagged America, economy, Federal Deficit, National Debt, Politics, stimulus, stimulus spending on October 2, 2010 | Leave a Comment »
The White House has issued a report stating that the stimulus spending, so far, has occurred on time and under budget, with fewer claims of outright fraud and abuse than some people expected. The report also argues that the stimulus spending has been an economic success story. There is no need to comment on the [...]
Another Reason Not To Trust Stimulus Statistics (Cont.)
Posted in America, Politics, The Economy, tagged America, economy, Politics, stimulus, stimulus bill, stimulus spending, Vice President Biden on August 27, 2010 | Leave a Comment »
The AP does a critical analysis of Vice President Biden’s comments about the weatherization program funded with “stimulus” funds and concludes that the Veep failed to mention some pretty material points. No surprise there. The Obama Administration really should stop talking about the “stimulus” debacle before its loses all credibility.
Another Reason Not To Trust “Stimulus” Statistics
Posted in America, Columbus, Ohio, Politics, The Economy, tagged America, Columbus, Congress, economy, Ohio, Politics, President Obama, stimulus, stimulus bill, stimulus spending on August 20, 2010 | 1 Comment »
You’d think that the Obama Administration and Congress would have realized by now that it is pointless and counterproductive to try to convince Americans that the “stimulus” bill was a huge success, but they keep trying anyway. Earlier this week, for example, President Obama visited Columbus and cited the work of one local architecture firm [...]
In Defense Of The Stimulus
Posted in Politics, The Economy, tagged Budget Deficit, Congress, economy, President Obama, recession, stimulus, stimulus spending, TARP, Unemployment on July 25, 2010 | 4 Comments »
Any regular reader of this blog knows that I have been critical of the “stimulus” legislation and the government response to the current recession, which has featured lots of spending. In the interests of being even-handed about it, attached is an op-ed piece in today’s Philadelphia Inquirer from the chief economist of Moody’s Analytics that [...]
A (False) Choice Election
Posted in Politics, The Economy, tagged 2010 Election, Cash for Clunkers, Democrats, economy, Politics, President Obama, Republicans, stimulus, stimulus spending, Thelma and Louise, Unemployment, Unemployment statistics on July 11, 2010 | Leave a Comment »
The Obama Administration and the Democratic Party have decided that the 2010 election should be about “choice.” That is, the President and his Democratic comrades don’t want to have the election be a referendum on how the country is currently doing under their stewardship. Therefore, their goal is to make this election about “choice,” and [...]
Back To Ohio
Posted in Columbus, Ohio, Politics, tagged Columbus, economy, Governor Strickland, Ohio, Politics, President Obama, stimulus, stimulus spending, Unemployment on June 19, 2010 | Leave a Comment »
President Obama visited Columbus yesterday to promote jobs created by the “stimulus” bill — in this case, the 10,000th road project paid for with “stimulus” funds. He has visited the Buckeye State frequently in recent months. There are two apparent reasons for his visits, I think. First, Ohio is a “swing” state, and I am [...]
An Ill Wind Blows No Good
Posted in America, Environment, Politics, tagged America, economy, Environment, Politics, stimulus, stimulus bill, stimulus package, stimulus spending, Unemployment on February 14, 2010 | 2 Comments »
The Investigative Reporting Workshop at American University has tracked “stimulus bill” spending on wind power — nearly $2 billion in all — and the results are not pretty. It turns out that nearly 80 percent of the money spent has gone to foreign manufacturers of wind turbines, creating thousands of jobs overseas rather than in [...]
Editorializing On The Failed Stimulus
Posted in America, Politics, tagged America, John Murtha Airport, Politics, President Obama, Recovery.gov, stimulus, stimulus bill, stimulus package, stimulus spending on November 21, 2009 | Leave a Comment »
The Detroit News editorializes on the failure of the “stimulus bill” to create jobs and on the credibility gap created by the phony recovery.gov website reports on jobs “created or saved.” The box to the right of the editorial shows the fake Michigan congressional districts which supposedly saw the creation of jobs as a result [...]
Stimu-Less
Posted in America, Healthcare Reform, Politics, tagged America, Congress, economy, Government spending, Health Care Reform, Healthcare Reform, Politics, stimulus, stimulus bill, stimulus package, stimulus spending on November 11, 2009 | Leave a Comment »
It seems like every day there is another news story on the utter phoniness of the federal government’s shameless reporting of jobs “saved or created” by the $787 billion “stimulus” bill passed by Congress earlier this year. The latest article exposing the bogus jobs claims comes from the Boston Globe, which reports that the claims [...]
Creative Accounting
Posted in America, Politics, The Economy, tagged America, economy, Politics, recession, stimulus, stimulus bill, stimulus package, stimulus spending, Unemployment on November 5, 2009 | 1 Comment »
Here’s another article finding significant errors in the counting of “jobs created or saved” by the stimulus bill. In this case, one agency reported saving almost twice as many jobs as actually existed. Even more galling, another government spokesman tried to defend the practice of counting the raises given to government employees as somehow equivalent [...]
Dissecting The Statistics
Posted in America, Politics, The Economy, tagged America, economy, Politics, recession, stimulus, stimulus spending, Unemployment on October 31, 2009 | 1 Comment »
Here’s an interesting analysis on the most recent Gross Domestic Product numbers, the job creation data released by the White House, and what it all may mean for the economy as it tries to work slowly out of the current recession. The key question is whether we are seeing any real economic growth, or just [...]
