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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 [...]

Presented here in its entirety. So far, all I’ve been seeing are high marks for Obama’s performance. I thought he tended to be a bit long winded in places, but I don’t think many Americans will be complaining about that after 8 years of a lot of simplistic hyperbole. I know I’m certainly not. However, [...]

This is a bad recession. About in the middle of pack as far as recessions go. The graphic points out an interesting aspect of recessions. They all end. And, surprisingly, they didn’t all need a trillion dollar stimulus bill from the Feds to end them. In fact, all of them combined up to now did not need a trillion dollar stimulus to end.

The way some Republicans are talking, Obama’s plan will destroy our very way of life. Do they really think it’s smart to put such an extreme message out there? From CNN: Leading Republicans warned Sunday that the Obama administration’s $800 billion-plus economic stimulus effort will lead to what one called a “financial disaster.” “Everybody on [...]

Stimulus? Stimulus. Stimulus stimulus stimulus, stimulus stimulus stimulus stimulus stimulus stimulus stimulus stimulus. Stimulus.

One week after I argued that my senator should be on MTP advocating for the stimulus package, well, there she is. Coincidence? Yes, probably. She even tweeted about it today…as well as some thoughts on the stimulus yesterday… McCaskill brings up a point that I’d like to address because there’s been so much ill will [...]

Pay no attention to the content (massive pork) in the bill. Pay no attention to the fact that it will not solve the root problem and will at best delay a day of reckoning. Pay no attention that it will add a trillion dollars of debt that we do not have and will have to borrow from the Chinese or tax from Americans or devalue the currency to repay. Just pass it, because an economic fear-mongering President says it should be passed.

Since Gallup has been tracking these numbers in January, this is the highest support they’ve seen. In fact, as the next graph will show, as Dem support has actually decreased, independent has increased. You couple this with recent polling and you get a bit of a mixed bag. Rasmussen recent poll revealed that opposition was [...]