Eye on Freedom» Stimulus

Obama (Union Leader in Chief) to Propose Stimulus II

admin — Mon, 06 Sep 2010 17:03:13 +0000

President Barack Obama today will propose a six-year plan to rehabilitate the nation’s transportation infrastructure with an initial $50 billion to help spur an economy that’s lost jobs for three straight months.

Obama will announce the program to fix the nation’s roads, railways and runways to union families at a Labor Day rally in Milwaukee scheduled for 3:10 p.m. New York time, the White House said in a statement.

Two months before congressional midterm elections, Obama will call for the formation of an “infrastructure bank” and request money to rebuild 150,000 miles (241,400 kilometers) of roads, construct and maintain 4,000 miles of rail, and overhaul 150 miles of runways, the statement said.

“This plan would build on the investments we have already made under the Recovery Act, create jobs for American workers to strengthen our economy now, and increase our nation’s growth and productivity,” according to the statement.

Iraq War Tiny Fraction of Obama “Stimulus” Spending

admin — Wed, 01 Sep 2010 03:22:42 +0000

Biden Blames Republicans For Capping “Stimulus” At $1 Trillion

admin — Sun, 18 Jul 2010 23:07:35 +0000

That’s gratitude for you. Maine’s Olympia Snowe and Susan Collins joined Arlen Specter to break GOP ranks to make the stimulus possible, and 18 months later Mr. Biden blames them for the fact that it hasn’t stimulated enough. Maybe if the Maine Senators vote this week to extend unemployment benefits, Mr. Biden will blame them for the 9.5% jobless rate.

Economists Say the Stimulus Didn’t Help

admin — Wed, 28 Apr 2010 08:49:54 +0000

NEW YORK (CNNMoney.com) — The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

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.

75% Of Americans Say Much Of The Stimulus Money Is Wasted

admin — Mon, 25 Jan 2010 13:00:35 +0000

Nearly three out of four Americans think that at least half of the money spent in the federal stimulus plan has been wasted, according to a new national poll.

A CNN/Opinion Research Corporation survey released Monday morning also indicates that 63 percent of the public thinks that projects in the plan were included for purely political reasons and will have no economic benefit, with 36 percent saying those projects will benefit the economy.

The “Stimulus” Has Become a Fiscal Burden For States

admin — Sat, 02 Jan 2010 21:56:34 +0000

Remember how $200 billion in federal stimulus cash was supposed to save the states from fiscal calamity? Well, hold on to your paychecks, because a big story of 2010 will be how all that free money has set the states up for an even bigger mess this year and into the future.

The combined deficits of the states for 2010 and 2011 could hit $260 billion, according to a survey by the liberal Center on Budget and Policy Priorities. Ten states have a deficit, relative to the size of their expenditures, as bleak as that of near-bankrupt California. The Golden State starts the year another $6 billion in arrears despite a large income and sales tax hike last year. New York is literally down to its last dollar. Revenues are down, to be sure, but in several ways the stimulus has also made things worse.

After the Bailouts, Washington is the Boss!

admin — Mon, 28 Dec 2009 17:06:21 +0000

In 2008 and 2009, Washington strove to save the economy. In 2010, Americans will get a clearer picture of how Washington has changed the economy.

OMB: Counting Jobs Saved Is Tricky So List All of Them as Saved

admin — Sun, 27 Dec 2009 23:04:50 +0000

If the attention of the American people is focused somewhere else, it must be time to quickly push through some radical, self-serving, and impossible-to-defend new agency rule. And with Christmas upon us and Americans paying more attention to the offensive mess that the Senate approved today, it’s probably a good time for the Obama administration to significantly expand how they count jobs ’saved or created’ by the porkulus:

Forget old-fashioned infrastructure. Here are six government projects to foster a lasting economic recovery

admin — Sun, 27 Dec 2009 14:41:53 +0000

The House has passed a $154 billion jobs bill, and the administration has announced a plan to spend $50 billion of repaid TARP money to “create” jobs—this time its green jobs, “shovel ready” infrastructure projects ($27.5 billion for highway construction and repair) and a tax credit for small businesses.

More infrastructure? Recycling Great Depression-era projects is lame. Put down that shovel! It’s time to try something else.

For First Time, Plurality Believes Stimulus Plan Hurt the Economy

admin — Sun, 27 Dec 2009 05:35:10 +0000