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AmericanRecoveryAndReinvestmentAct

Published: 08/1/10

As Federal Debt Spirals, States May Not Be Able to Count on U.S. Help

By  Lou Cannon - Politics Daily
As Federal Debt Spirals, States May Not Be Able to Count on U.S. Help

When he was faced with conflicting fiscal assessments, Ronald Reagan often quipped that if all the economists were laid end to end they wouldn't reach a conclusion. Nor was he the first president to question such equivocation. Harry Truman supposedly asked aides to provide him with a one-armed economist "because economists are always saying, 'On the one hand, on the other. . .' " The Truman story is likely apocryphal, but it reflected a frustration of the time of chief executives -- namely that economists tended to hedge their bets. No longer. Today, economists are offering President Barack ...

Published: 06/18/10

Biden Lays Out Plans for 'Recovery Summer'

By  Alex Wagner - Politics Daily
Biden Lays Out Plans for 'Recovery Summer'

The White House this week revealed plans to make the summer of 2010 "Recovery Summer" -- focusing on the economy and the job market in a period projected to have the highest levels of recovery act-sponsored activity to date. On Thursday, Vice President Joe Biden noted, "We've gone from hemorrhaging over 700,000 jobs a month the first several months . . . to adding several hundred thousand jobs a month in the last several months." He cited 2.3 to 2.8 million jobs saved or created by last year's stimulus bill, and projected that the U.S. was on track to create or save 3.5 million jobs by the end ...

Published: 02/17/10

Stimulus Anniversary: What the Numbers Say

By  Joseph Schuman - AOL News
Stimulus Anniversary: What the Numbers Say

(Feb. 17) -- So how much did the stimulus help the economy? President Barack Obama hailed the one-year anniversary of the American Recovery and Reinvestment Act on Tuesday, arguing that the massive stimulus package averted a depression and is "one of the main reasons the economy has gone from shrinking by 6 percent to growing at about 6 percent." The money pumped into the economy last year by the stimulus "is responsible for the jobs of about 2 million Americans who would otherwise be unemployed," he added. To House Republican leader John Boehner, however, the bill produced a "year of broken ...

Published: 09/22/09

Government Waste Under the Cloak of Greenness

By  Joann M. Weiner - Politics Daily
Government Waste Under the Cloak of Greenness

It's time to stop covering up government waste, fraud and abuse with a "green" cloak. Yes, global warming is happening and, yes, the government can help slow the process by encouraging companies to reduce their greenhouse-gas emissions. One way is to retrofit high-polluting buildings with equipment more environmentally sound than that used when the buildings were constructed decades ago. But putting that equipment in buildings slated to be razed, as the Washington Post discovered has been happening, is not the way to go. It's not just wrong to spend limited government resources this way, ...

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