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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: economic stimulus package

economic stimulus package stories: 392 news summaries

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 Manufacturing Drives 
 Global Recovery 

US production grows for first time since Jan. '08

Sep 2, 09 5:56 AM CDT
(Newser) - The world may be manufacturing its way out of the global recession, with new figures showing a faster-than-expected recovery from the US to Europe and Asia. The Wall Street Journal reports that American factory output is growing for the first time since January 2008, while separate surveys showed expanded manufacturing... More »

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Barack Obama • recession • global economy • manufacturing • economic stimulus package • manufacturing index • macroeconomic data

States Pass on Stimulus Money for Unemployed

$3.1B sitting unused in federal coffers

Aug 31, 09 11:01 AM CDT
(Newser) - More than $3.1 billion in stimulus money earmarked for the unemployed is idling in federal coffers, USA Today reports, because 23 states haven’t expanded their unemployment benefits in order to qualify. Another 350,000 workers could receive benefits if they did, according to one worker advocacy group.... More »

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Rick Perry • unemployment • unemployment benefits • economic stimulus package

OPINION

 Why Stimulus Gets a Bad Rap 


Aug 20, 09 10:04 AM CDT
(Newser) - The Democrats’ $787 billion stimulus package is less popular than ever—even though it’s already working, writes David Wessel for the Wall Street Journal. The case against it is weak: Fed rate cuts hadn’t slowed the recession, already a year-old at that point, making the stimulus an... More »

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Nancy Pelosi • Barack Obama • recession • infrastructure • economic stimulus package • financial crisis • American Recovery and Reinvestment Act

Hutchison Kicks Off Bid
for Texas Governor

Texas senator says Rick Perry has had his chance

Aug 17, 09 5:03 PM CDT
(Newser) - Sen. Kay Bailey Hutchison announced her bid for Texas governor today and began a 5-day string of stumping appearances around the state, the Dallas Morning News reports. Talking at her old high school, Hutchison attacked fellow Republican Gov. Rick Perry for allowing property tax rates to rise and for failing... More »

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Republican • Texas • primary • GOP • Rick Perry • fiscal conservatives • economic stimulus package • Kay Bailey Hutchison • gubernatorial races

Interview

Soros: Time for Philanthropists to Step Up in Public Sphere

Gives $200 to every underprivileged NY kid

Aug 11, 09 12:41 PM CDT
(Newser) - George Soros is giving $200 to each and every underprivileged kid in New York state, the billionaire announced today, for a total $35 million bill that will make the state eligible for another $140 million in stimulus money. Some have criticized it as a welfare-style handout, but Soros tells More »

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philanthropy • welfare • George Soros • economic stimulus package • New York state

Alaska's Legislature Overrides Palin Stimulus Veto

Legislature barely hits rare 75% consensus

Aug 11, 09 7:49 AM CDT
(Newser) - Alaska’s legislature voted yesterday to override Sarah Palin’s veto of $28 million in stimulus cash to defray energy costs, the Anchorage Daily News reports. Such an override requires the support of 75% of votes; the measure passed by a hair. “Instead of being the last state in... More »

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Alaska • veto • mutiny • state legislature • veto override • economic stimulus package • Sarah Palin • energy costs • financial crisis

OPINION

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

Aug 10, 09 8:22 AM CDT
(Newser) - The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending as its income decreased,... More »

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government spending • Paul Krugman • economic stimulus package • economy • financial crisis • Wall Street bailout • big government

OPINION

Only 2nd Stimulus Can Save US: Stiglitz

But Wall Street bailout has made it a dirty word, writes economist

Aug 10, 09 7:12 AM CDT
(Newser) - Pundits can't help but ask whether the winter's fiscal stimulus has failed, and for Joseph Stiglitz it has—because the Obama administration made "political compromises that caused it to be less effective than it could have been." For the Nobel Prize-winning economist, there is no option but a... More »

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economics • recession • economic stimulus package • bailout • Joseph Stiglitz • Obama administration • financial crisis • Wall Street bailout

analysis

 Duncan Poised to Be 
 Most Powerful Ed Sec Ever 

Tight with prez, Duncan holds keys to $5B in stimulus funds

Aug 10, 09 7:03 AM CDT
(Newser) - Tight with President Obama and with $5 billion at his disposal, Arne Duncan may become the strongest education secretary in history, writes Nia-Malika Henderson for Politico. “Never ever have they had $5 billion to decide what to do in the education system,” says an education advocate. And it’... More »

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education • public schools • economic stimulus package • charter school • Obama administration • President Obama • Arne Duncan • stimulus funds • secretary of education


 Stimulus Worked: 
 Economists 

Good news for prez ahead of today's job-loss report

Aug 7, 09 10:14 AM CDT
(Newser) - President Obama’s stimulus package appears to have helped the economy bottom out more swiftly, an economists’ report says. Analysts hold that the stimulus boosted economic growth by about a percentage point in the second quarter—not enough to keep the economy from shrinking but enough to slow the pace... More »

MORE ABOUT:
recession • economic stimulus package • economy • Obama administration • President Obama • economists • economic recovery

(AP) - Citing fresh evidence that the economy is on the road to recovery, President Obama this morning credited his $787 billion economic stimulus program for helping "put the brakes on this recession," and cautioned that full recovery will take many more months. The country's future economic prosperity depends on... More »

MORE ABOUT:
Barack Obama • recession • economic stimulus package • economy • radio address

OPINION

 Biden: Recovery Act Is Working 

Critics attacking 'pet programs' have 'misconstrued' the effort

Jul 26, 09 10:07 AM CDT
(Newser) - Those who dismiss the Recovery Act as “being spent on pet programs” are wrong, writes the man tasked with administering it. Writing in a New York Times op-ed, VP Joe Biden contends that the stimulus has “brought us back from the precipice.” Two-thirds of it “goes... More »

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Joe Biden • recession • unemployment • tax cuts • economic stimulus package • op-ed • financial crisis • economic recovery • American Recovery and Reinvestment Act

(Newser) - President Obama “is currently just flinging stuff against the wall, in trillion-dollar chunks, to see what sticks,” and his plans for health care are no different, Louisiana Gov. Bobby Jindal writes on Politico. Thanks to failed bailouts and a “trillion-dollar stimulus that has not stimulated,” America... More »

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health care • Barack Obama • Democrats • Bobby Jindal • health care reform • economic stimulus package • President Obama

(Newser) - President Obama's top economist is confident that swift action by the administration averted disaster, ABC News reports. “We were at the brink of catastrophe at the beginning of the year,” Larry Summers says, “but we have walked some substantial distance back from the abyss.” Summers credits... More »

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economic growth • US economy • economic stimulus package • Obama administration • financial crisis • President Obama • Lawrence Summers • National Economic Council • economists • economic recovery

Economy Is
on an Upswing,
Says Dr. Doom

Roubini predicts end to recession, sends markets jumping

Jul 17, 09 6:31 AM CDT
(Newser) - The financial crisis is over and the worst of the recession is behind us, writes Nouriel Roubini, the extremely pessimistic economist who was among the few who predicted the scale of the downturn. "The light at the end of the tunnel is for once not an incoming train,"... More »

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stock market • recession • economist • economic stimulus package • financial crisis • Nouriel Roubini

Sanford Disappeared Last Year, Too, Emails Show

Commerce secretary didn't know where to reach guv

Jul 16, 09 11:48 AM CDT
(Newser) - Mark Sanford’s recent Argentine excursion wasn’t the first time he had gone missing: His commerce secretary didn’t know where to reach him in June 2008, either, emails reveal. “Need contact number for (Sanford) ASAP,” the secretary wrote to a Sanford staffer on the 28th—a... More »

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taxes • email • South Carolina • affair • infidelity • adultery • governor • economic stimulus package • political scandal • Mark Sanford • Maria Belen Shapur • Republican governor

White House Gets Tough on Congress' Critics, Skeptics 

Obama defends stimulus, pushes health reform

Jul 16, 09 10:08 AM CDT
(Newser) - The White House is cracking down on its critics—and on laggards within the Democratic Party, too. Republican naysayers on the economic stimulus and health care are getting the roughest treatment, Politico reports. After Kentucky Sen. Jon Kyl railed against the efficacy of stimulus spending, four Cabinet secretaries wrote to... More »

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Barack Obama • Republican • Senate • White House • Jon Kyl • Democrat • health care reform • economic stimulus package • economy • Obama administration • television advertising • Organizing for America

OPINION

Stimulus Cash Isn't Making
It to Hard-Hit Minorities

African-Americans, Hispanics pummeled by recession

Jul 15, 09 1:58 PM CDT
(Newser) - With unemployment at 14.7% among African Americans and 12.2% among Hispanics, the recession is hitting minority communities particularly hard. But as is often the case with so-called “colorblind” spending, stimulus funds, intended to be equal-opportunity, aren’t making it to these groups. The government must “start... More »

MORE ABOUT:
recession • unemployment • cities • minorities • economic stimulus package • African-Americans • Hispanics • jobless • economic recovery

(Newser) - The federal government has mandated that every road project funded by stimulus money proudly tout the association with road signs, and that really steams Tait Trussell. The signs, “designed to meticulous federally dictated standards,” go for about $1,000, Trussell writes on Front Page. “So, publicizing thousands... More »

MORE ABOUT:
Joe Biden • highways • road safety • economic stimulus package • Obama administration • federal funding • road sign • American Recovery and Reinvestment Act • ARRA

(Newser) - When the economic crisis turned terrifying last winter, Washington finally got its act together and passed a massive stimulus package. But now, writes New York Times columnist Paul Krugman, the US faces a slower but more dangerous "jobless recovery" over the next few years and an "utterly terrifying"... More »

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climate change • recession • unemployment • Paul Krugman • economic stimulus package • Obama administration • financial crisis

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