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Stimulus Provided Large Jobs Boost, Says CBO Report
By Steven Hoffer - AOL News(Nov. 24) -- Here is one thing you can be thankful for: The heavily criticized American Recovery and Reinvestment Act generated a rise of between 1.4 and 4.1 percent in national output from July to September, according to a report from the nonpartisan Congressional Budget Office. With the unemployment rate still at the forefront of public concerns, the CBO said the stimulus package also created between 1.4 million and 3.6 million jobs during the same period. The stimulus did not, however, decrease the unemployment rate to below 8 percent, as the Obama administration promised when it sold the ...
How the Headlines Get the Polls Wrong About Obama and the Economy
By Walter Shapiro - Politics DailyJohn Maynard Keynes, the 20th century's most influential economist, died in 1946 with his belief in massive government spending to lift a nation out of a deep downturn enshrined as mainstream orthodoxy. By 1971, even Richard Nixon was famously declaring, "We are all Keynesians now." Barack Obama tried to follow the precepts of Keynesian economics with his $787 billion stimulus package, even as liberal economists like Paul Krugman warned that the new president's plan was not ambitious enough to ward off the worst of the recession. But in recent weeks -- with unemployment stuck near 10 percent ...
Opinion: Your Jobs Questions Answered
By Sphere Staff - AOL News(Dec. 11) -- Sphere invited readers to pose their jobs questions to the White House. And Council of Economic Advisers economist Austan Goolsbee took time this week to answer a representative sampling of the many submitted. After each question, you can watch Austan's answer. Q. Why doesn't the government consider reviving CC Camps like they had before WWII? My dad worked at some. He did construction and many other jobs. He got paid and even got some meals. It's dignified work and serves a purpose. Q. The president in his speech this morning told the nation that spending more money will ...
GOP Takes Democrats to Task on Stimulus Claims
By Ria Misra - Politics DailyCall it (200) Days of Stimulus. The Republican National Committee has released a report (via Politico) marking the 200th day of the stimulus package by identifying 200 economic claims by the Obama administration and congressional Democrats that the GOP says don't match reality. In the report's introduction, RNC Chairman Michael Steele calls the stimulus "another failed experiment by the President that Americans cannot afford," and adds, "Two hundred days of this stimulus are 200 days too long." ...
Sarah Palin's $28 Million Veto of Stimulus Funds Overturned by Alaskan Legislature
By Ria Misra - Politics DailyTwo weeks after Sarah Palin left office, newly minted Alaskan Gov. Sean Parnell has a message for the federal government: We'll take that $28 million now, thank you. On Monday, the state legislature voted to overturn Palin's rejection of $28 million in federal stimulus dollars for energy spending. The vote was 45-14, just meeting the three-fourths majority the Alaskan legislature requires for a veto override. ...
Sorry Unemployed South Carolinians, Mark Sanford Has an Ideological Pose to Strike
By Dylan and Ethan Ris - Politics DailyTwo weeks ago, we reported that a number of Republican governors had made noise about rejecting the federal government's stimulus money to score political points.Well, given the rampant unemployment, home foreclosures, and education deficiencies in their respective states, we didn't think any of these governors would be stupid enough to actually pass up money for job creation, education and infrastructure.Note To Self: When it comes to questions of political posturing, care for constituents, and general egomania, stop giving Mark Sanford the benefit of the doubt...South Carolina Gov. Mark ...
Boehner Throws Stimulus On The Floor
By Caleb Howe - Politics DailyToo bad it wasn't a trash can. Jeff Emanuel thinks Nancy Pelosi might have missed the moment in her haste to get to Rome, her real priority this week. ...
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