Archive for the 'Economic recovery' Category

Economy Grows For 3rd Quarter In A Row

By Justin Gardner | Related entries in Economic recovery, Economy

Slightly below economists’ estimates of 3.3%, but 3.2% isn’t anything to sneeze at. And while this Q1’s growth was smaller than Q4’s 5.6%, CNN Money explains why these numbers might be more important to our long term economic outlook: In the fourth quarter, most of the growth was due to businesses no longer making the […]

April 30th, 2010 | Permalink| No Comments »

Poll: Americans Still Blame Bush More For Economic Troubles

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

The gap has shrunk a bit, but the economy is turning around so in a year’s time it’s unlikely we’ll have the problems we’re having today. Basically, the question will then be… “Who is responsible for the economic growth in this country?” Gallup has more on that… Obama has stated that he “inherited the most […]

April 21st, 2010 | Permalink| 6 Comments »

Government To Gain $8B In Profit From Citigroup TARP Buyback

By Justin Gardner | Related entries in Economic recovery, Money

More encouraging news about the TARP program… From Washington Post: Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. The Obama administration is making final preparations to sell its stake in the New […]

March 30th, 2010 | Permalink| 7 Comments »

Comparing post WWII recessions

By mw | Related entries in Bad Decisions, Economic crisis, Economic recovery, Economy, Fiscal stimulus, Obama, Spending

Given that this is the slowest recovery from the deepest recession in the modern era, any argument on what impact the stimulus package or the Obama administration did or did not have on the duration or depth of the recession or recovery can only be made on a counterfactual basis. Despite the massive expenditures, you can’t say this recovery is more robust than any that has gone before, so all that can be said in defense of administration policy is speculation that the recovery would have been even more tepid without the stimulus. Problem being, a case can also be made that the uncertainty created by this administration’s wild spending, insane deficits, threatened increases in health care taxes, likely increases in health care insurance premiums on employers, an energy tax (cap & trade), repeal of the Bush tax cuts, increases in the minimum wage, uncertainty created in the health care, financial, and energy industries with the imposition of radical government mandated top down changes in industrial policy – all contributed to increasing uncertainty in the private sector and made the recession worse.

March 14th, 2010 | Permalink| 12 Comments »

CBO: 600K+ Jobs Created Or Saved By Stimulus So Far

By Justin Gardner | Related entries in Democrats, Economic recovery

Some welcome news for the White House, and the numbers could be even higher. First, from the Wall Street Journal: The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage […]

December 1st, 2009 | Permalink| 3 Comments »

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 […]

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 […]

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 […]

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 […]

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| 13 Comments »