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Stimulus Package (2009)
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| 3/10/2011 |
Red flag: Biggest bond fund dumps U.S. Treasuries Last fall Jason Thomas, writing in National Affairs, explained the danger of our increasing debt: The government borrows in a currency that it prints, and it is difficult to conceive of a situation in which it would be more advantageous for the United States to renounce obligations than to print whatever amount of dollars would be necessary to meet them. The real problem is that bond-market investors are not oblivious to this flexibility. When it appears likely that a country will print money to inflate away unsustainable debt burdens, interest rates rise to incorporate an inflation risk premium -- thus increasing the burden on the government and on private borrowers. The danger, then, is that excessive borrowing will bring investors' hunger for Treasury securities to an end, causing a spike in interest rates that could crush the American economy and send it into a debt spiral we would find very difficult to escape. Treasury securities have continued to sell, as Thomas explained, because of "the weakness of other countries' fiscal positions, and the power of inertia and familiarity." But that can change. Thomas warned: The Treasury market's status as a safe haven is not an immutable feature of economic life: It is a function of institutional credibility that took generations to build, but that would take just a fraction of that time to destroy. Were Treasury securities to lose their status as the global reserve asset of choice to gold, other commodities, or a different currency, the consequences for the American economy would be disastrous. Unlikely as such a scenario might seem at the moment, today's fiscal policies unquestionably increase the probability of its coming to pass. (Washington Post) | |||
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keywords: Bill Gross, Bloomberg Lp, Erskine Bowles, Federal Reserve, Financial Crisis, Gold, Jason Thomas, National Affairs, Pacific Investment Management, Pimco, Rob Portman, Stimulus Package, US Department Of The Treasury, US Small Business Administration, United States
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| 11/23/2010 |
Corporate Profits Hit New Record, U.S. Workers Still Struggling Happy days are back! During the summer months, corporations logged their biggest profits since the government started counting way back in the age of Elvis, and the economy expanded at a slightly faster pace than previously thought. Surely, when Caterpillar and Morgan Stanley are swimming in lucre, life must be getting more wonderful for everyone. Alas, no. Word that American businesses sucked in profits at an annualized pace of $1.66 trillion between July and September is certainly better than the alternative. Ditto, the wholly expected news that the economy grew faster than an initially reported 2 percent annual rate, reaching a still modest 2.5 percent. But none of this has translated into the sort of job growth that will be required to cut into an unemployment rate stuck at 9.6 percent. Worse, there is little reason to suspect it will anytime soon. We have been hearing for so long now that, once companies start making real money, they will feel the urge to expand. Then, they will hire lots of people, and we can stop worrying and resume shopping. Yet so far--this most recent quarter included--all we have gotten is an extended lesson in the modern workings of a stubbornly lean job market and a display of what now stands as American management's core competency: How to rack up profits and reward shareholders while keeping the cubicles empty. (Huffington Post) | |||
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| 10/2/2010 |
Third Party Rising by Thomas Friedman A friend in the U.S. military sent me an e-mail last week with a quote from the historian Lewis Mumford’s book, “The Condition of Man,” about the development of civilization. Mumford was describing Rome’s decline: “Everyone aimed at security: no one accepted responsibility. What was plainly lacking, long before the barbarian invasions had done their work, long before economic dislocations became serious, was an inner go. Rome’s life was now an imitation of life: a mere holding on. Security was the watchword — as if life knew any other stability than through constant change, or any form of security except through a constant willingness to take risks.” It was one of those history passages that echo so loudly in the present that it sends a shiver down my spine — way, way too close for comfort. I’ve just spent a week in Silicon Valley, talking with technologists from Apple, Twitter, LinkedIn, Intel, Cisco and SRI and can definitively report that this region has not lost its “inner go.” But in talks here and elsewhere I continue to be astounded by the level of disgust with Washington, D.C., and our two-party system — so much so that I am ready to hazard a prediction: Barring a transformation of the Democratic and Republican Parties, there is going to be a serious third party candidate in 2012, with a serious political movement behind him or her — one definitely big enough to impact the election’s outcome. (New York Times) | |||
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keywords: Al-qaeda, Alternative Energy, Apple, Barack Obama, Cisco, Climate Change, Financial Crisis, Health Care, Intel, Larry Diamond, Lewis Mumford, Linkedin, Military, Rome, Stanford University, Stimulus Package, Twitter, US Congress, United States, Wall Street
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| 9/5/2010 |
No defence left against double-dip recession, says Nouriel Roubini The United States, Japan and large parts of Europe have exhausted their policy arsenal, leaving them defenceless against a double-dip recession as recovery slows to ‘stall speed’. “The US has run out of bullets,” said Nouriel Roubini, professor at New York University, and one of a caste of luminaries with grim forecasts at the annual Ambrosetti conference on Lake Como. “More quantitative easing (bond purchases) by the Federal Reserve is not going to make any difference. Treasury yields are already down to 2.5pc yet credit spreads are widening again. Monetary policy can boost liquidity but it can’t deal with solvency problems,” he told Europe’s policy elite. Dr Roubini said the US growth rate was likely to fall below 1pc in the second half of the year, despite the biggest stimulus in history: a cut in interest rates from 5pc to zero, a budget deficit of 10pc of GDP, and $3 trillion to shore up the financial system. The anaemic pace compares with rates of 4pc-6pc at this stage of recovery in normal post-war recoveries. “We have reached stall speed. Any shock at this point can tip you back into recession. With interbank spreads rising, you can get a vicious circle like 2008-2009,” he said, describing a self-feeding process as the real economy and the credit system hurt each other. “There is a 40pc chance of double-dip recession in the US, and worse in Japan. Even if it is not technically a recession it will feel like it,” he added. (London Telegraph) | |||
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keywords: China, Congressional Budget Office, European Union, Federal Reserve, Financial Crisis, Germany, Hans-werner Sinn, Harvard University, Ifo Institute, Japan, New York University, Niall Ferguson, Nouriel Roubini, Stimulus Package, US Department Of The Treasury, United States
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| 7/20/2010 |
Secretary Napolitano Announces Additional Recovery Act-Funded Advanced Imaging Technology Deployments Department of Homeland Security (DHS) Secretary Janet Napolitano today announced the deployment of American Recovery and Reinvestment Act (ARRA)-funded advanced imaging technology (AIT) to 28 additional airports nationwide strengthening security at airports throughout the nation while creating local jobs. "As part of the Department’s ongoing efforts to* best protect the traveling public and detect terrorism threats, we continue to deploy state-of-the-art advanced imaging technology across the country," said Secretary Napolitano. "The rapid deployment of this critical technology, made possible by Recovery Act funds, will strengthen security at even more airports nationwide." "The deployment of advanced imaging technology demonstrates TSA's ongoing commitment to stay ahead of evolving threats to aviation security and protect the traveling public," said TSA Administrator John Pistole. ARRA, signed into law by President Obama on Feb. 17, 2009, committed more than $3 billion for homeland security projects through DHS and the General Services Administration (GSA). Of the $1 billion allocated to TSA for aviation security projects, $734 million is dedicated to screening checked baggage and $266 million is allocated for checkpoint explosives detection technologies. (Department of Homeland Security) | |||
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| 7/13/2010 |
Obama faces growing credibility crisis Robert Gibbs, Barack Obama’s chief spokesman, got into hot water this week for daring to speak the truth – that the Democrats could lose control of the House of Representatives in November. But it could be even worse than that. Contrary to pretty much every projection until now, Democratic control of the Senate is also starting to coming into question. While Mr Obama’s approval ratings have continued to fall, and now hover at dangerously close to 40 per cent according an ABC-Washington Post poll published on Tuesday, the fate of his former colleagues in the Senate looks even worse. “The bottom line here is that Americans don’t believe in President Obama’s leadership,” says Rob Shapiro, another former Clinton official and a supporter of Mr Obama. “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.” In private, informal advisors to Mr Obama are almost as negative. According to one, the US public’s loss of confidence in Mr Obama’s leadership is a factor above and beyond their dissatisfaction over the state of the real economy, which continues to slow as last year’s $787bn stimulus starts to run dry. The adviser, who asked to remain anonymous, said the public did not know what Mr Obama really believed. Examples include his lukewarm support last year for a public option in the healthcare bill and his equally lukewarm support today for a Senate bill that would extend unemployment insurance and aid state governments to keep teachers in their jobs. (Financial Times) | |||
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keywords: 9/11, Barack Obama, Barbara Boxer, Bill Clinton, Bill Galston, British Petroleum, California, Democracy Corps, Financial Crisis, George W Bush, Joseph Biden, Oklahoma City Bombing, Rahm Emanuel, Rob Shapiro, Russ Feingold, Stanley Greenberg, Stimulus Package, Tea Party, Terrorists, US Congress, United States, Wall Street, White House
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| 4/26/2010 |
Economists: The stimulus didn't help In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years -- but a majority of respondents felt the fiscal stimulus had no impact. (CNN) | |||
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keywords: Financial Crisis, National Association For Business Economics, Stimulus Package, United States
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| 4/26/2010 |
Global Governance Today Jean-Claude Trichet, President, European Central Bank, New York It was an unexpected crisis -- largely unexpected in its dimension and in its global nature -- even if it was clear that a number of academics; a number of central banks, I have to say; and also, a number of at his own institution very, very clearly -- the BIS -- had signaled that we were living in a world of general under appreciation of risks in the financial markets. And I have to say I was, myself, on record for having said that quite a time before the first turbulences erupted. But that being said, what we have observed is really something which was very big -- bigger than was expected. And with a number of features that were really also unique. “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”. (Council on Foreign Relations) | |||
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Source Removed! InfoWarDocs Backup:
http://AltBib.Com/bak/dox/4606.html | ||||
keywords: Asia, Bank For International Settlements, Big Oil, Bill Clinton, Bill Mcdonald, Charles Peter Mccolough, China, Citigroup, Clarium Capital Management, Council On Foreign Relations, Euro, European Central Bank, European Union, Financial Crisis, Financial Stability Board, Financial Stability Forum, France, G10, G20, G7, Germany, Greece, International Monetary Fund, James Tunkey, Jean-claude Trichet, John Brademas, Kevin Harrington, London School Of Economics, Lynn Forester De Rothschild, Mahesh Kotecha, New York City, Richard Haass, Robert Rubin, Stimulus Package, US Congress, United States, Wilhelm Buiter, World Bank
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| 3/15/2010 |
Full-body Scanner Debuts at O'Hare Airport still optional, other option is a "more intense pat down" (Associated Press) | |||
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| 2/17/2010 |
TSA to swab airline passengers' hands in search for explosives The president's fiscal 2011 budget calls for $60 million to purchase approximately 800 portable ETD machines. (CNN) | |||
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| 1/5/2010 |
Stimulus to bring body scanners to airports The U.S. government is using $25 million in stimulus money to buy and install full body scanners in airports this year, in an effort to ramp up security and create jobs. (CNN) | |||
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| 9/22/2009 |
Marc Faber: "Total Collapse Will Come" Marc Faber predicts with certainty that the United States will go through high inflation and a lower standard of living. Expect wars and currency re-evaluation. (Yahoo!) | |||
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keywords: Brazil, China, Coup, Dollar, Federal Reserve, Financial Crisis, India, Marc Faber, Medicaid, Medicare, Military, Stimulus Package, United States
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| 8/25/2009 |
Fed Must Release Reports on Emergency Bank Loans, Judge Says Manhattan Chief U.S. District Judge Loretta Preska rejected the central bank’s argument that the records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions (Bloomberg) | |||
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keywords: Federal Reserve, Financial Crisis, Freedom Of Information Act, Great Depression, Loretta Preska, Matthew Winkler, Michael Bloomberg, New York City, Stimulus Package, United States
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| 8/20/2009 |
CORRECTED UPDATE 1-Obama's deficit woes linger despite new number New estimate cuts $250 billion from deficit (Reuters) | |||
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| 8/17/2009 |
Poll: 57% don't see stimulus working Six months after President Obama launched a $787 billion plan to right the nation's economy, a majority of Americans think the avalanche of new federal aid has cost too much and done too little to end the recession (USA Today) | |||
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| 8/15/2009 |
'Death panel' is not in the bill... it already exists Former Alaskan Governor Sarah Palin has come under fire for her Facebook post accusing President Obama and the Democrats of including a "death panel" provision the health care bill (American Thinker) | |||
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| 8/7/2009 |
'Buy American' a priority at 'three amigos' summit The global recession, climate change and the controversial Buy American program will be front and centre Sunday when North American leaders meet for two days of top-level talks in Guadalajara. Prime Minister Stephen Harper joins U.S. President Barack Obama and Mexican President Felipe Calderon Sunday to forge a joint path forward for clean energy and continental might against competing global powerhouses. The annual gathering, dubbed the “three amigos” summit after it debuted in 2005, is designed to craft a multi-year framework for security and prosperity for North America in the face of an international financial crisis. This time, though, the security and prosperity partnership and its streamlining of regulations is taking a back seat as the three leaders focus on the recession that has rocked the economies of all three countries. Harper is expected to take a strong stand against protectionist measures such as the U.S. Buy American plan which has hit some Canadian exporters hard. The Guadalajara summit comes only a few weeks after Canada angered Mexico by slapping visa requirements on Mexican visitors – a move designed to stem the growing tide of Mexicans claiming refugee status in Canada. Fighting the H1N1 flu virus, developing a common position on climate change and battling the growing problem of drug trafficking will also be on the agenda. (Edmunton Sun) | |||
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keywords: Alternative Energy, American University, Barack Obama, Canada, Center For North American Studies, Climate Change, Council Of Canadians, Felipe Calderon, Financial Crisis, Guadalajara, H1N1, Immigration, Mexico, North American Free Trade Agreement, Robert Pastor, Security And Prosperity Partnership Of North America, Stephen Harper, Stimulus Package, Stuart Trew, United States, Vaccines, War On Drugs
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| 7/9/2009 |
Warren Buffett says second stimulus might be needed "I think a second one may well be called for. It is not a panacea. A stimulus is the right thing. You hope it doesn't get watered down," (Reuters) | |||
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| 7/8/2009 |
No new stimulus planned: US official "No one in the administration is talking about a second stimulus at this point," Rob Nabors (Agence France-Presse) | |||
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| 7/8/2009 |
States Using Stimulus Money for Short-Term Needs, Audit Shows The Congressional Budget Office estimates that only 10 percent of the Recovery Act funds have been released so far, with about half of the money expected to be spent by October 2010 (FOX) | |||
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| 7/7/2009 |
Obama Adviser Says U.S. Should Mull Second Stimulus The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said (Bloomberg) | |||
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| 7/7/2009 |
US Should Plan 2nd Fiscal Stimulus: Govt Adviser "We should be planning on a contingency basis for a second round of stimulus," Laura D'Andrea Tyson, a member of the panel advising President Barack Obama on tackling the economic crisis, said on Tuesday (CNBC) | |||
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| 7/6/2009 |
Unemployment Worse with Stimulus than Without Unemployment hit 9.5 percent in June, according to the Department of Labor, putting the figure 2.5 percent higher than the White House had predicted it would be if a government stimulus spending program went into place (CNSNews) | |||
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keywords: Barack Obama, Christina Romer, Financial Crisis, Jared Bernstein, Joseph Biden, Mike Pence, Stimulus Package, US Congress, US Department Of Labor, United States, White House
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| 6/12/2009 |
Fraudsters eye huge stimulus pie, consultant says Companies will face extra requirements to prevent problems (Wall Street Journal) | |||
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| 6/10/2009 |
EU calls on US to drop gambling ban The EU says it could seek compensation from the World Trade Organization because the 2006 ban unfairly prevents foreign Internet gambling sites from operating in the United States (Technology Review) | |||
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keywords: Barack Obama, European Union, Financial Crisis, Gambling, George W Bush, Sands Corp, Stimulus Package, United Kingdom, United States, World Trade Organization, Yahoo
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| 6/10/2009 |
Fake Anti-Waste Group, Wacky Jim DeMint Sound the Alarm: Congress is Spending the Stimulus Money! Why doesn't USA Today list the lawmakers who voted against the stimulus but are still trying to grab the dough? (Crooks and Liars) | |||
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| 6/10/2009 |
Network giants reject 'buy American' Obama mandate Parts are cheap, labor is not Cisco Systems and Alcatel-Lucent want "buy American" provisions stricken from Barack Obama's $7.2bn US stimulus program to expand broadband internet access (The Register) | |||
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keywords: Alcatel-lucent, Barack Obama, Cisco Systems, Communications Workers Of America, Internet, Stimulus Package, United States, US National Telecommunications And Information Administration
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| 6/9/2009 |
Stimulus spending spawns requests Dozens of members of Congress from both parties have called, written or e-mailed agencies urging them to fund projects in their districts or states (USA Today) | |||
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| 6/8/2009 |
NWO Conference Montreal June 8, 2009 (Prison Planet) | |||
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| 5/30/2009 | Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment (Bloomberg) | |||
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keywords: Barack Obama, Belarus, Brazil, China, Financial Crisis, Goldman Sachs, Hungary, India, International Monetary Fund, Latvia, Robert Zoellick, Romania, Ronald Reagan, Serbia, Stimulus Package, Timothy Geithner, Ukraine, United States, US Department Of The Treasury, World Bank, World Trade Organization
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| 5/29/2009 |
Microcredit in America Sunshine Best immigrated to Chicago with no American credit history, little spare cash and a decidedly unglamorous digestive disorder. In short, she was no bank’s dream candidate for a small-business loan. Not helping matters was that the business in question was a bakery that would exist only online, and exclusively sell desserts made without gluten, an elastic protein found in wheat and completely indigestible for Best and others who suffer from Celiac disease. After being turned away by bank after bank, Best resigned herself to a grim routine of working two jobs and racking up credit card debt. Then a friend told her about a low-interest credit builder loan being offered by an organization called Accion Chicago. Two years and one $1,000 Accion loan later, Rise & Shine Desserts is a flourishing small business specializing in gourmet gluten-free treats. A former computer programmer raised in Toronto by parents who emigrated from Barbados, Sunshine Best isn’t exactly the type of person Nobel Peace Prize-winning microcredit pioneer Muhammad Yunus had in mind when he began, in the 1970s, to lend small sums of money to poor women in Bangladesh. But these days, Best’s one-woman enterprise represents not only a piece of the multi-billion dollar international microfinance market, but a critical part of what urban economic development is shaping up to look like in President Barack Obama’s America. Widely recognized as one of the 20th century’s most powerful innovations, microcredit is the practice of extending small loans at low interest rates to poor entrepreneurs who generally live in the developing world and lack access to conventional bank loans. By lending a beggar as little as $10 to buy, for instance, a loom to make textiles or a cow to make milk, microcredit bankers like Yunus are revolutionizing the way poor people, especially women, sustain themselves in some of the world’s hungriest places. (Next American City) | |||
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keywords: Accion International, Ann Dunham, Arkansas, Barack Obama, California, Chicago, Good Faith Fund, Grameen America, Grameen Bank, Health Care, Hillary Clinton, Illinois, Indonesia, Maria Otero, Mary Houghton, Microcredit, Microcredit Enterprises, Muhammad Yunus, Nebraska, New York City, North Carolina, Shore Bank, Small Business Administration, Stimulus Package, US Department Of State, United States, Vidar Jorgensen, White House
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| 5/27/2009 | Obama Touts Clean Energy at Nellis AFB (Military.com) | |||
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| 5/13/2009 |
Huge federal job increases on the way The agencies that will benefit include the Defense, Commerce, Homeland Security and Veterans Affairs departments (Fierce Government IT) | |||
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| 5/6/2009 |
Naomi Klein, columnist for The Nation, author of "The Shock Doctrine", and joins Rachel Maddow to analyze the financial sector bailouts as "disaster capitalism" (MSNBC) | |||
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| 5/1/2009 |
Changing Obama's Mindset, by Howard Zinn We are citizens, and Obama is a politician. (The Progressive) | |||
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keywords: Afghanistan, Bailouts, Barack Obama, Cuba, Iraq, Joseph Lieberman, Mexico, Pakistan, Russia, Stimulus Package, The New Deal, United Kingdom, United States
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| 3/24/2009 |
Peter Schiff says the crisis is just beginning (Tech Ticker) | |||
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| 3/1/2009 |
Sean Hannity & Dick Morris: Conspiracy Theorists were Right! (FOX) | |||
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| 2/17/2009 | American Recovery and Reinvestment Act of 2009 (Wikipedia) | |||
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keywords: Barack Obama, Stimulus Package, United States, US Congress
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| 2/15/2009 |
What's The Rush? 'Urgent' $timulus On Hold For Bam's Weekend Off After pushing Congress for weeks to hurry up and pass the massive $787 billion stimulus bill, President Obama promptly took off for a three-day holiday getaway. The push to get the bill through before the holiday weekend was so frantic, members of Congress didn't have a chance to read all 1,071 pages of the document before they could vote. "In a perfect world it would have been nice to have had more time to process it," said Ilan Kayatsky, a spokesman for Rep. Jerrold Nadler (D-NY). (New York Post) | |||
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| 2/10/2009 |
The Credit Crisis Has The US Taxpayer On The Hook For $9.7 Trillion Now the first thing to keep in mind is that we’re actually at risk for an amount that’s far greater than $9.7 trillion, because it’s all borrowed money and you have to add interest expense to the total. (Daily Markets) | |||
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| 2/9/2009 |
Ruin Your Health With the Obama Stimulus Plan: Betsy McCaughey Republican Senators are questioning whether President Barack Obama’s stimulus bill contains the right mix of tax breaks and cash infusions to jump-start the economy. Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department. Senators should read these provisions and vote against them because they are dangerous to your health. (Hudson Institute) | |||
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keywords: Barack Obama, Betsy Mccaughey, Bill Clinton, Federal Coordinating Council For Comparative Effectiveness Research, Financial Crisis, Health Care, Hudson Institute, Medicare, National Coordinator Of Health Information Technology, New York, Stimulus Package, Thomas Daschle, US Air Force, US Army, US Congress, US Department Health And Human Services, US Marine Corps, US Navy, United Kingdom, United States
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| 2/9/2009 |
U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs, would've paid for 90% of all mortgages The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages. The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month. Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed. “We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?” (Bloomberg) | |||
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keywords: Afghanistan, Bailouts, Bank Of America, Bear Stearns, Ben Bernanke, Bloomberg Lp, Byron Dorgan, Citibank, Comerica Inc, Dana Johnson, Federal Deposit Insurance Corporation, Federal Reserve, Financial Crisis, Freedom Of Information Act, Henry Paulson, Iraq, Lehman Brothers, Merrill Lynch, Military, Stimulus Package, Timothy Geithner, US Congress, United States
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| 2/7/2009 |
IMF Says Advanced Economies Already in Depression (Update1) Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won’t succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today. (Bloomberg) | |||
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keywords: Action Economics, Asia, Barack Obama, Belarus, Bretton Woods, Caterpillar Inc, China, David Cohen, Dominique Strauss-kahn, European Central Bank, Financial Crisis, Great Depression, Hungary, Iceland, India, International Monetary Fund, Latvia, Macy's Inc, Malaysia, Pakistan, Paul Wolfowitz, Russia, Serbia, Singapore, Stimulus Package, Ukraine, United Kingdom, United States, Vladimir Putin, Wall Street, World Bank, World Trade Organization, World War II
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| 1/26/2009 |
After less than a week in office, Barack Obama's approval rating plunges 15 points But there were signs yesterday that reality has set in following the wave of optimism surrounding his inauguration last Tuesday. Mr Obama is facing an ugly battle with Republicans over his plans to bail out the economy with £515billion of taxpayers' cash. Opposition leaders claim the rescue package relies too much on government spending and not enough on tax relief for families and small businesses. (UK Daily Mail) | |||
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| 1/9/2009 |
Dennis Kucinich: "The Federal Reserve No More Federal Than Federal Express!" (CSPAN) | |||
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keywords: Bailouts, Dennis Kucinich, Federal Express, Federal Reserve, Financial Crisis, Fractional Reserve System, Franklin D Roosevelt, Health Care, Hedge Funds, Residential Mortgage-backed Securities, Stimulus Package, US Congress, US Constitution, US Department Of The Treasury, Unemployment, United States
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| 11/23/2008 |
Rubinomics Recalculated Even the headhunters for Mr. Obama have Rubin ties: Michael Froman, Mr. Rubin’s chief of staff in the Treasury Department who followed him to Citigroup, and James S. Rubin, Mr. Rubin’s son (New York Times) | |||
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keywords: Barack Obama, Bill Clinton, Citigroup, Economic Policy Institute, Federal Reserve, George W Bush, Hillary Clinton, James Rubin, Jared Bernstein, Larry Summers, Michael Froman, National Organization For Women, Peter Orszag, Robert Rubin, Stimulus Package, Timothy Geithner, United States, US Department Of The Treasury, Wall Street, White House, Financial Crisis
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| 10/29/2008 |
Bang for Your Stimulus Buck The Economic Policy Institute last week created a graphic with estimates of how effective various types of economic stimulus plans would be (New York Times) | |||
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| 10/15/2008 |
Democrats Mull $300 Billion Stimulus House Speaker Nancy Pelosi is mulling recommendations from several economists that Congress act on an economic-recovery package that would cost taxpayers $300 billion, according to congressional aides, equivalent to about 2% of the country's gross domestic product (Wall Street Journal) | |||
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keywords: Barney Frank, Ben Bernanke, Fannie Mae, Federal Deposit Insurance Corporation, Federal Reserve, Financial Crisis, Franklin D Roosevelt, Freddie Mac, George W Bush, Great Depression, John Boehner, Judd Gregg, Nancy Pelosi, Stimulus Package, Tom Harkin, United States, US Congress, US Department Of The Treasury, White House
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| 10/13/2008 |
House GOP objects to spending in $150 billion stimulus package Boehner wrote, "nothing currently being discussed by the majority as 'stimulus' will stabilize the economy long-term." (CNN) | |||
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