economic stimulus package

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Fed to Meet as Economy Sputters

Central bank expected to tackle deflation danger

(Newser) - The Federal Reserve meets today to decide what medicine the wheezing American economy needs, and world markets will be keenly watching for the outcome. With no new stimulus spending from Congress likely, the central bank is the only body poised to react to signs that the recovery is running out...

Obama Sticks to Agenda, Polls Be Damned

He's 3 for 3 on stimulus, health care, financial reform

(Newser) - President Obama completed a legislative hat trick yesterday, as he passed a landmark financial reform bill, to go alongside his landmark health care bill, and his mammoth stimulus bill. These victories essentially line up with his campaign promises, but they’ve come at a political cost, giving plenty of ammunition...

World Risks Repeat of '30s Double Dip
 World Risks 
 Repeat of '30s 
 Double Dip 
Analysis
Jun 30, 2010 12:53 PM CDT

World Risks Repeat of '30s Double Dip

Spending cuts could send economy plummeting again

(Newser) - The world's top economies are all talking about tightening their belts, and in so doing risk repeating the mistakes of the 1930s, writes David Leonhardt of the New York Times . When President Roosevelt tried balancing the budget in 1936, it plunged the recovering country back into depression. But austerity enthusiasts...

Budget Director Orszag Stepping Down

Senior official's departure expected as soon as next month

(Newser) - White House Budget Director Peter Orszag is planning to leave the administration, Democratic officials say. Orszag will be most senior official to leave the Obama team and his departure could come as soon as next month, insiders tell the Wall Street Journal . Orszag, a former director of the Congressional Budget...

It's the Anti-Stimulus We Should Be Worried About

State budget cuts are wiping out the effects of the stimulus

(Newser) - The success of the Obama stimulus in creating jobs has been broadly, and furiously, debated—and will continue to be as the election season nears. But Ezra Klein argues today that in the end it's the "anti-stimulus"—the massive constriction of state budgets—that will decide our economic...

US Economy Needs Less Caution, More Spending
US Economy Needs Less Caution, More Spending
Paul Krugman
May 21, 2010 11:34 AM CDT

US Economy Needs Less Caution, More Spending

Forget deficit; fret over threat of 'lost decade'

(Newser) - No matter what you've heard panicked commentators say, the US is not the next Greece, and the government is not trying to do or spend too much in the face of the slumping economy. In reality, Washington isn't doing or spending enough, and as a result, the US could be...

US Tax Burden Lowest Since 1950

Recession, stimulus shrink tax rate to 60-year-low

(Newser) - You wouldn't know it from the clamor of anti-tax protests, but Americans turned over a lower share of their income to the taxman last year than at any time since the Truman administration, according to a USA Today analysis. State, local, and federal taxes took up 9.2% of income...

Deficit's Not a Dirty Word
 Deficit's Not a Dirty Word 
EJ DIONNE JR
Mar 11, 2010 4:00 AM CST

Deficit's Not a Dirty Word

'There's smart debt and stupid debt'

(Newser) - The debate over the deficit is being crippled by a failure to face up to what we need the government to do, writes EJ Dionne Jr. To have a rational debate about the budget, lawmakers should admit that running a deficit during a time of high unemployment is a good...

Schwarzenegger Backs Obama on Health Care, Stimulus

Dismisses GOP demands to start from scratch as 'bogus talk'

(Newser) - Arnold Schwarzenegger had a private chat with Barack Obama yesterday, following a National Governors Association meeting at the White House, and crossed party lines to back the president for the second time in as many days. He applauded Obama for bringing Republicans into the health care discussion, and chided Republicans...

New Airport Scanners Stacked Up In Storage

Homeland Security took 7 months just to order them

(Newser) - Dozens of full-body airport scanners are gathering dust in storage more than a year after the administration provided Homeland Security with the funds to pay for them. It took the department 7 months just to order the 150 screening machines included in last year's stimulus bill. More than 100 have...

1 Year In, Stimulus Has Saved 2M Jobs
 1 Year In, 
 Stimulus 
 Has Saved 
 2M Jobs 


OBAMA, ECONOMISTS AGREE
Feb 17, 2010 11:40 AM CST

1 Year In, Stimulus Has Saved 2M Jobs

Critics who say it's failed are off base: David Leonhardt

(Newser) - It may not “yet feel like much of a recovery” to jobless Americans, President Obama concedes, but it’s thanks to the massive economic stimulus package passed a year ago “that a second depression is no longer a possibility.” Obama celebrated the anniversary of the recovery act...

Reid Promises Vote on Jobs Bill Next Week

But so far, not one Republican senator is on board

(Newser) - Harry Reid plans to bring the first of several Democratic bills aimed at creating jobs to the Senate floor on Monday, with the goal of passing the measure by the end of next week. “For Senate Democrats, creating jobs is job number one,” the majority leader said. “...

Off-Message Biden Is Right: US Must Stay on Top

EJ Dionne: Vice president recasts the political debate perfectly

(Newser) - Straying off-message yet again during an interview on the stimulus plan, Joe Biden gave EJ Dionne a new perspective on the Obama agenda. The vice president passionately insisted America will remain the world's most influential country—because of its economy, which needs the stimulus. "So many people have bet...

Obama Spars With GOP

 Obama Spars 
 With GOP 
Jan 29, 2010 2:39 PM CST

Obama Spars With GOP

President chides Republicans for telling constituents he'll 'destroy America'

(Newser) - President Obama went toe-to-toe with House Republicans today, accusing them of opposing legislation for political gain. Obama chastised the Republicans for labelling health care reform as a "Bolshevik plot" and said, "The fact of the matter is, many of you, if you voted with the administration on something,...

Eric Cantor Scoffs at Call for Bipartisanship

Va. rep dismisses Obama's 'lecturing' State of the Union

(Newser) - Eric Cantor was annoyed by the “rhetoric and lecturing” in President Obama's State of the Union address, and he doesn’t have high hopes for today’s sit-down with GOP leaders, the first of what Obama promised would be monthly meetings. The president has called for bipartisanship before, the...

Big Mistakes of Obama's First Year
 Big Mistakes 
 of Obama's 
 First Year 
OPINION
Jan 21, 2010 12:20 PM CST

Big Mistakes of Obama's First Year

President's miscalculations include scale, momentum

(Newser) - Scott Brown’s Senate victory in Massachusetts is the final nail in the coffin of the Obama administration’s first-year political strategy, John F. Harris and Carol E. Lee write for Politico . The miscalculations cover “three major counts":
  • Believing 2008 was a game-changer: The Obama team thought the "
...

Ignore Glimmers of Hope, Economy's Still in the Tank
Ignore Glimmers of Hope,
Economy's Still in the Tank
PAUL KRUGMAN
Jan 4, 2010 8:48 AM CST

Ignore Glimmers of Hope, Economy's Still in the Tank

If Obama takes his foot off the gas, it'll be 1937 all over again

(Newser) - Don’t believe the hype, ignore any rising GDP or employment figures, and whatever you do don’t call it a recovery—or we’re going to wind up right back where we started, argues Paul Krugman in the New York Times . There are indeed positive numbers coming, and with...

Obama Bites Off More Than He Can Chew
Obama Bites Off More Than He Can Chew
analysis
Dec 27, 2009 4:25 PM CST

Obama Bites Off More Than He Can Chew

Solid first year falls short of president's ambitious agenda

(Newser) - In his first year in office, President Obama has done a more-than-acceptable job—but his own stated ambitions were so numerous and wide-ranging that by his own definition, his performance has been disappointing. The bar was simply set too high, writes Doyle McManus for the Los Angeles Times , "and...

House Narrowly OKs $174B Job-Focused Stimulus Bill

Irate GOP calls measure 'son of stimulus'

(Newser) - President Obama's Democratic allies in the House have muscled through a year-end measure—with a price tag of $174 billion—aimed at creating jobs through a second round of stimulus spending. The 217-212 vote reflected considerable uneasiness among Democrats over the prospect of voting for more debt-financed spending as the...

Incredible Shrinking Stimulus Needs Part II
Incredible Shrinking Stimulus Needs Part II
OPINION
Dec 3, 2009 3:32 AM CST

Incredible Shrinking Stimulus Needs Part II

Local government cuts are canceling out federal package

(Newser) - The American economy badly needs a second stimulus package, but the false belief that the government has already stimulated the economy to the tune of $787 billion is standing in the way, writes Harold Meyerson. When deferred spending and the effect of state and local government cuts are taken into...

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