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NEWS ABOUT: economic stimulus package

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Obama Can't Blame Bush for His Economic Recklessness

President has raised taxes when business needs a break

(Newser) - Everyone loves a scapegoat. The American people have Wall Street fat cats, and President Obama has George W. Bush, writes David Harsanyi for the Denver Post. While Obama, "in a superbly eloquent and inspirational pitch, always reminds us that nothing is his fault," Harsanyi gripes, "nearly every... More »

GOP: Spare Us Stimulus Sequel

Republicans court Blue Dog Dems to fight further spending

(Newser) - Talk of a second stimulus proves the first one isn't working, Republican leaders said today in blasting the possibility. “We don't even know what was in the first stimulus yet,” one senator said, while Minority Leader Mitch McConnell noted that Congress had spent “$1 billion an hour”... More »

Towns, Counties Create Own Stimulus Plans

Economists see mixed results, but local boost can be psychological

(Newser) - Across the US, cities, states, and counties aren’t waiting for Uncle Sam to jumpstart the economy, the Wall Street Journal reports. Many have devised their own, often creative, methods of stimulating local economies. One Texas town, for example, has used its budget surplus to create 250 temporary, low-paying jobs,... More »

Pelosi Says Another Stimulus Is Possible

(Newser) - These days, $787 billion just doesn't go as far as it used to. A meeting of House Democratic leaders and their economic advisers today has raised the prospect of a second stimulus package, the Hill reports. “We have to keep the door open,” Nancy Pelosi said after the... More »

Stimulus Not Big Enough to Save Us: Krugman

Obama's economic policy is falling behind the curve

(Newser) - Pundits are constantly complaining that Barack Obama’s stimulus is too big and too ambitious, but Paul Krugman has a different complaint: It’s too small. Obama’s promise that the bill will create or save 3.5 million jobs by 2010 “looks underwhelming to say the least,”... More »

Obama Team Pushes for Global Stimulus, Euros Resist

Worldwide spending plan has fans in China, detractors in Europe

(Newser) - The Obama administration will press for a global stimulus at next month's G20 conference in London, setting up a possible showdown with European nations wary of further deficits, reports the Wall Street Journal. US officials, supported by Britain and China, say that more public spending is needed to reverse the... More »

Hey, Obama: Centrist Opposition Is Stirring

(Newser) - Be careful, President Obama. Your poll numbers are high, but political danger lurks, writes Fred Barnes in the Weekly Standard. The moderate candidate has shifted left as president, just as Bill Clinton did to his own detriment, and an "embryonic" centrist-right opposition is stirring. “Obama may be fostering... More »

We May Need a Bigger Stimulus, Say Analysts

(Newser) - The lousy unemployment numbers released this week—and they're bound to get worse before they get better—cast the effectiveness of the Obama administration’s fiscal plans into doubt, analysts say. The stimulus package intended to “save or create” 3.5 million jobs now has to keep up with... More »

Why Obama Is Like Bush

Apart from being ideological opposites, Bush and Obama are identical!

(Newser) - Barack Obama is often compared to FDR or Ronald Reagan. But what about the last guy? Obama has taken office in the midst of a crisis and has lofty approval ratings—much like the 80% Bush had after 9/11. And both have taken a fairly similar political approach to their... More »

Obama Vows to End Cycle of Job Losses

(AP) - President Barack Obama promised today to end the cycle of US job losses. Addressing a graduating class of police officers in Ohio, Obama called today’s unemployment report “astounding,” noting that, were it not for his stimulus package, the recruits would be among the 8.1% of Americans... More »

Stimulus Flows Into Patchwork of Road Projects

Thousands of small p

(Newser) - Although the stimulus package that Barack Obama signed last month contains eye-watering sums, the earliest projects out of the gate are far from monumental: widening a highway in Kansas, resurfacing some roads in Missouri. More than a dozen states have announced their plans to spend their share of the $50... More »

Bernanke Backs Stimulus Bill

Bigger deficits are worth the benefits, Fed chair tells Congress

(Newser) - Ben Bernanke supported the Obama administration’s economic policy before Congress today, the Wall Street Journal reports. The $787 billion stimulus bill should boost “demand and production” and soften job losses over the next 2 years, the Federal Reserve chief told the Senate Budget Committee. The expansion of government... More »

Obama's Plans Require a Lot More Hands

Federal workforce could expand by 100-250K, experts say

(Newser) - President Obama’s ambitious budget and stimulus plans will require the government to hire scores of new workers, the Washington Post reports. Analysts put the number between 100,000 and 250,000 spread among various agencies, the biggest expansion of the federal workforce since Lyndon Johnson’s Great Society days.... More »

Two Voices, One Economic Plan

Geithner and Summers speak loudly, cohesively, driving Obama's agenda

(Newser) - Among the policymaking din at the White House, the voices of Larry Summers and Tim Geithner have emerged as the loudest—and generally in unison, the Washington Post reports. The duo first teamed up to battle financial crises in Asia and Mexico in the mid-‘90s at the Treasury Department;... More »

Limbaugh to CPAC: 'Take Country Back'

(Newser) - Rush Limbaugh thrilled an overflow crowd of conservatives in Washington, DC, tonight by urging them to "take this country back. All we need is to nominate the right candidate." Following speeches by Newt Gingrich, Mike Huckabee, and Ann Coulter at the Conservative Political Action Conference, Limbaugh surprised attendees... More »

Vetting Process Leaves Agencies Understaffed

Stimulus increases workload, but senior posts vacant

(Newser) - President Obama’s nominee vetting process is making it hard for federal agencies to get to work on new projects, the Boston Globe reports. Of about 500 senior positions, only 70 have been filled. Normally that wouldn’t be a problem, but the passage of the stimulus package “may... More »

Unemployed Furious at Contrarian Govs

Constituents fear losing out on stimulus dollars over politics

(Newser) - Opposing the stimulus’ expansion of unemployment benefits may be good PR, but there’s one constituency it’s not playing well with: unemployed people. “It just seems unreasonable,” one jobless Texan tells the New York Times, “that when people probably need the help the most, that because... More »

Alaskans Erupt Over Jindal Volcano Jab

(Newser) - Alaskans of all stripes are incensed by Louisiana Gov. Bobby Jindal’s disparaging comments Tuesday about the necessity of volcano monitoring, the Anchorage Daily News reports. It’s “a matter of life and death in Alaska,” Sen. Mark Begich wrote the Republican. Even Gov. Sarah Palin’s office... More »

Obama Trying to Shift Burden to the Rich

(Newser) - As details trickle out about President Obama's budget, one clear picture is emerging—he is dead-set on making the rich pay more, write Jackie Calmes and Robert Pear in the New York Times. In the latest example, he plans to fund half of his health-care reform through tax increases on... More »

Democrat Governor May Reject Stimulus Funds

Bredesen of Tenn. joins GOP critics

(Newser) - A Democrat has joined the ranks of GOP governors who may turn down stimulus funds. Gov. Phil Bredesen of Tennessee says the state may reject $143 million for unemployed workers because it won't be able to afford the long-term budget repercussions, reports the Tennessean. Six other governors, all of them... More »

Stories 161 - 180 | << Prev   Next >>
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