Archive for the 'Stimulus' Category

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Stimulus plan still not very stimulating

By John Burke | Related entries in Economy, Senate, Stimulus, recession

President Obama at Democratic retreat: “No more Mr. Nice Guy”
As increasingly partisan battle lines were drawn today over the stimulus program and President Obama  called further delays in passing the huge package “inexcusable,” Harry Reid scrambled to line up a solid Democratic phalanx and woo a few Republicans.  As I write this, it seems that Reid has struck a [...]

February 6th, 2009 | Permalink| 3 Comments »

Deal Reportedly Reached on Stimulus Bill

By Alan Stewart Carl | Related entries in Economy, Senate, Stimulus

Reports indicate the Senate has reached a tentative deal on the stimulus package. The deal will likely require Senator Ted Kennedy’s vote, who has not been in Washington since suffering a seizure on inauguration day. No word on which Republican senators may be crossing party lines but that will likely be revealed soon.
As of yet, [...]

February 6th, 2009 | Permalink| 2 Comments »

Support for Stimulus Plan Falling

By Alan Stewart Carl | Related entries in Economy, Polls, Senate, Stimulus

The ever-growing stimulus package may have finally gotten too large for most Americans to stomach. A new Rasmussen poll indicates only 37% support the plan with 43% opposing and another 20% on the fence. The numbers are trending towards the negative.
This is why some Democrats wanted to get this bill passed as quickly as possible. [...]

February 5th, 2009 | Permalink| 17 Comments »

One Trillion is No Small Number

By Alan Stewart Carl | Related entries in Economy, Senate, Stimulus

The number one trillion is thrown around a lot these days. That’s 1,000,000,000,000 — a number so large it’s very difficult to put into context. Perhaps that’s why there has been and continues to be so little concern over our $10 trillion debt. Or over some of the numbers being suggested for the stimulus..
But let’s [...]

February 5th, 2009 | Permalink| 8 Comments »

How bad is the recession, really?

By John Burke | Related entries in Economy, Stimulus, recession

Two days ago, the Commerce Department reported that during the fourth quarter of 2008, real gross domestic product decreased at an annual rate of 3.8%. Bad news, to be sure, but in a sense, not so bad, since most economic forecasters had been expecting a more severe drop of 5% to 6%.
In virtually all news [...]

February 1st, 2009 | Permalink| 4 Comments »
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