Archive for the 'Economic recovery' Category

Poll: Bush Still To Blame For Economic Woes

By Justin Gardner | Related entries in Barack, Bush, Economic crisis, Economic recovery, Economy, Obama, Polls

As I’ve said numerous times before, voters aren’t stupid. They know who piloted our economic collapse last year and it’s going to be extremely hard for Republicans to convince them otherwise.
Still, it is kind of telling that Republicans blame Obama more for the economy than Bush, even though it’s by a very small 6 point [...]

November 3rd, 2009 | Permalink| 4 Comments »

Dow Jones Closes Above 10,000

By Justin Gardner | Related entries in Economic recovery, Economy, Money

True, it might go right back down tomorrow, but I have to say that this is a nice little psychological boost.
But it’s not just psychological.
Look at the 52 week spread in that picture…at this time last year we were down to 6,469. That’s a pretty significant jump in just one year’s time. Not only that, [...]

October 14th, 2009 | Permalink| 11 Comments »

The “Great Recession” Is Now Technically Over

By Justin Gardner | Related entries in Democrats, Economic recovery, Economy, Republicans

Yep. That’s right. A group of economic forecasters are projecting that we’ll see growth in the next quarter, so the recession is technically over. And hey, we can all be thankful for that.
However, the pain will linger for years to come.
The problem is that all of the lagging indicators of true economic health (rising employment, [...]

October 14th, 2009 | Permalink| 8 Comments »

Economy Sees Lift From Stimulus

By Justin Gardner | Related entries in Economic recovery, Economy, Money

The rise in unemployment is slowing down and we’re pulling out of this recession sooner than expected.
Why?
The reason is clear to me: we stepped in, took action and did something instead of just allowing the markets determine our fate.
WSJ explains…
The U.S. economy is beginning to show signs of improvement, with many economists asserting the [...]

September 2nd, 2009 | Permalink| 28 Comments »

Cellulosic Ethanol no longer in its infancy

By Solomon Kleinsmith | Related entries in Business, Economic recovery, Economy, Energy, Environment, Fiscal Responsibility, Fiscal stimulus, Gas, News, Oil, Politics, Polls, Science, Spending, Stimulus, Technology

Thanks to Justin and company for welcoming me on here as a regular contributor. I will be posting on a number of issues, but one area you can expect that I will regularly be tracking is technology related developments and how they interact with the political world and policy. I also live less than ten [...]

July 13th, 2009 | Permalink| 12 Comments »

Obama Talks About Rebuilding The Economy

By Justin Gardner | Related entries in Barack, Economic recovery, Health Care, Obama

He’s repeating a lot of what he said earlier in the year, but I still think selling idea of passing health care reform as essential to our long term economic strength is a tough pill to swallow for Independents.
What’s more, if this editorial would have dropped a few weeks ago it would have held a [...]

July 12th, 2009 | Permalink| 2 Comments »

Republicans Blast Obama

By Alan Stewart Carl | Related entries in Economic recovery, Economy, Republicans, Stimulus

Last night, at a major Republican fundraiser, GOP leaders had some of their harshest words yet for President Obama and his agenda.
Newt Gingrich said the president’s stimulus plan has already failed. And:
Senate Minority Leader Mitch McConnell of Kentucky said Obama has a “radical agenda.” Republicans have “watched them take over banks, insurance companies, auto companies,” [...]

June 9th, 2009 | Permalink| 9 Comments »

Republican’s Bold Stimulus Play Could Backfire

By Justin Gardner | Related entries in Barack, Economic recovery, Economy, Jobs, Money, Obama, Republicans

So let’s get this straight…
$87 billion of the $787 billion has already been spent in the past 3.5 months, and the monthly unemployment claims were cut in half last month (when compared to the previous 6 months) and the stimulus isn’t working?
This is in response to Republican lawmakers, specifically Sarah Palin, continuing to push the [...]

June 8th, 2009 | Permalink| 11 Comments »

Unemployment Hits 9.4%

By Alan Stewart Carl | Related entries in Economic recovery, Economy, Jobs

While the number of layoffs in May fell below expectations, the unemployment rate has now risen to 9.4%, a 25 year high. With 14.5 million Americans unemployed and countless others underemployed, any full recovery will have to be a long one.
Many economists believe the jobless rate will hit 10 percent by the end of this [...]

June 5th, 2009 | Permalink| 1 Comment »

Stress Tests for Wall Street — What About the Billions in off-the-Books Toxic Assets?

By American News Project | Related entries in Bailouts, Banks, Barack, Books, Business, Congress, Corporate Business, D.C., Economic recovery, Economy, Fiscal Responsibility, Money, News, Obama, Politics, WTF?, Washington, geithner, recession

At the center of President Obama’s overhaul strategy for Wall Street are the “stress tests” which will be applied to all financial institutions. But how accurate will the test results be? That will depend on whether the treasury takes off-balance-sheet assets into account, experts say.
This is Danielle Ivory, reporting from the American News Project and [...]

April 6th, 2009 | Permalink| 2 Comments »

Home Sales Jump In February

By Justin Gardner | Related entries in Economic recovery, Housing

Some are positioning this as a bit of good economic news, and it is…but a bit of perspective is needed.
Not everybody is suffering right now, and if folks can buy homes at a 20 to 30% discount with historically low interest rates, why wouldn’t they? There are a lot of bargains out there right now, [...]

March 23rd, 2009 | Permalink| 3 Comments »

The Geithner Toxic Asset Plan

By Justin Gardner | Related entries in Barack, Economic recovery, Economy

Let’s face one very stark fact right now…there are no ideal solutions here. At least this current plan from Geithner allows us to recover at least some of the money, but the banks can’t eat this. So taxpayers are going to have to foot this bill. Sorry, but that’s how this has to go down.
However, [...]

March 23rd, 2009 | Permalink| 2 Comments »

AIG bone heads

By donar | Related entries in Bailouts, Business, Cartoons, Economic recovery, Economy, Political Graffiti
March 17th, 2009 | Permalink| 2 Comments »

Too Big

By donar | Related entries in Bailouts, Banks, Cartoons, Economic recovery, Economy, Fiscal stimulus, Political Graffiti
March 4th, 2009 | Permalink| 2 Comments »

Socialistic Capitalism

By donar | Related entries in Cartoons, Economic recovery, Economy, Fiscal stimulus, Political Graffiti, Social Programs
March 3rd, 2009 | Permalink| 2 Comments »

A New Era Of Responsibility Bad For Economy?

By Justin Gardner | Related entries in Economic recovery, Economy, Money

I know I’ve been saving a lot more of my money. Not that I overspent in the first place, but I’ve been cutting back a lot on expenses where I can.
But our economy is based on the idea that people spend, spend, spend. And that could be coming to an end.
Grant McCracken explains how this [...]

March 2nd, 2009 | Permalink| 4 Comments »

Recovery.gov Launches

By Justin Gardner | Related entries in Barack, Economic recovery, Money, Technology, Transparency

No more placeholders.
The site has finally launched and it has some good content, Including links to pretty much anything they have created about the bill and a place to share your story.
There’s also a map that details how many jobs in each state will be created or saved in the next 2 years. Missouri will [...]

February 18th, 2009 | Permalink| 5 Comments »

Meet The Press 2/15/09

By Justin Gardner | Related entries in Economic recovery, Legislation, Video

The topics?
Why is bipartisanship dead? And why is Obama so non-bipartisan.
Of course I kid. It’s all about the stimulus bill passage. Axelrod obviously touts the job creation in the bill, and I think it’s pretty clear at this point that 2012 will be all about this bill.
Check it out…

What did you think? How many jobs [...]

February 16th, 2009 | Permalink| 5 Comments »

Why The Geithner Plan Makes Sense

By Justin Gardner | Related entries in Barack, Economic recovery, Money, Video

Regardless of the laughter, the more I read and consider Geithner’s plan, the more I think it will effectively address the problems we currently have.
But hey, before you go plowing into me, here’s Stephen Pearlstein breaking it down on Hardball…

Pearlstein didn’t get a chance to address the relief for homeowners in the proposal before Matthews [...]

February 11th, 2009 | Permalink| 6 Comments »

$838B Stimulus Package Clears Senate

By Justin Gardner | Related entries in Barack, Democrats, Economic recovery, Legislation, Republicans, Stimulus, recession

The vote was 61-37, and the procedural vote yesterday made this margin all but certain.
But this doesn’t mean it’s all sewn up. There’s still some debate to be had.
Politico digs into the specifics…

—Both House and Senate bills provide close to $87 billion in increased federal aid to help states meet their healthcare bills under [...]

February 10th, 2009 | Permalink| 3 Comments »