Posts tagged as:

Economic Stimulus

The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises: The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs. The administration promised that, with the porkulus, unemployment would cap out at [...]

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Economic Growth Not as Robust as it Appears

February 1, 2010

Last week, economic data came out that showed a robust 5.7 growth rate in GDP in the fourth quarter of 2009.  While many of us rightly celebrated the return of American prosperity, it appears that the number may be slightly misleading.  Investors Business Daily has done an analysis on the GDP growth, and shows it [...]

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What does Obama have on the CBO?

December 1, 2009

Pure speculation here, but it seems that the CBO has done a 180 in the last several months.  Initially, their predictions on the cost of ObamaCare were pretty harsh to the Democrats, and fairly accurate.  In recent months, they seem to be using skewed accounting to illustrate that ObamaCare will: Lower the deficit Lower insurance [...]

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We Spent $787 Billion, and All We Got Was A Lousy T-Shirt

October 15, 2009

Hope and Change.  $787 Billion spent, the single largest spending package (both in raw dollars and adjusted for inflation) in American History.   Promises of job creation and an end to the recession, and what do we have to show for it?  A dollar that is falling faster than Congress’ approval rating, and only 30,000 [...]

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Porkulus Bill: $595,600 per Pound

July 19, 2009

We now know what the unit price is for government pork.  Recovery.gov, which is the site that supposedly was built to make the expenditures of the Porkulus bill transparent, has posted an entry for a contract worth $1,191,200.  What was the contract for?  According to the site, that sum was awarded to Clougherty Packaging, LLC [...]

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Tea Party Movement Gaining Strength

March 16, 2009

What started off as a simple comment by Rick Santelli on CNBC has grown into a nationwide grassroots movement.  Tea Party protests against the tax-and-spend and borrow until we’re broke policies of the Federal Government under Barack Obama.  The image above is a scene from this weekend’s tea party in Cincinnati, OH, which brought together [...]

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A Reading from the Book of Saul

March 16, 2009

The conservative blogosphere has been making an excellent case that the Obama White House’s political strategy is being lifted straight from Saul Alinsky’s radical handbook, “Rules for Radicals.” We saw this most recently when the government targeted the conservative opposition’s most influential and effective private citizen. Now we are seeing it in the way Obama [...]

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Need Cash? Visit the Bank of Obama

February 25, 2009

Need some bailout money?  Visit the Bank of Obama, a website started by three guys at a bar (where many good ideas start), and you can get your own Bank of Obama Bailout check.  Of course, in the spirit of capitalism, they will mail you the check for a small fee.  Got to give them [...]

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Tea Party USA and the Internet

February 25, 2009

Since the idea of a new “Tea Party” to protest the redistributionist economic policies of the Obama Administration was proposed by Rick Santelli on CNBC, the movement for a Tea Party USA has spread across the country.  More and more protests continue to pop up, including in Chicago, California, Florida, Colorado, Pennsylvania, Texas, Wyoming, and [...]

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Democrat Governors Rejecting the Stimulus

February 25, 2009

Liberals are liberals, no matter where they are.  Yet, there has always been a divide between Democrat liberals in Washington, and Democrats who run the various states as Governors.  This dynamic goes beyond liberals.  Conservative Governors also tend to have a completely different perspective than Republicans in Washington.  This is primarily due to the fact [...]

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The Stimulus Vote and the Suspension of Democracy

February 13, 2009

First a bit of reality.  The stimulus is going to pass.  Only two scenarios could prevent that.  First, in the House, if 39 Blue-Dog Democrats (there are 49 in the Blue-Dog caucus) bolt and vote with the Republicans.  Not likely to happen.  Second, now that Kennedy cannot vote due to his health, if one of [...]

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At Least Australia Gets it Right

February 13, 2009

The Austrailian parliament rejected a $28 billion Keynesian Economic Stimulus Package by one vote.  This is a major blow to leftist prime minister Kevin Rudd.  Reuters reports that the bill will still likely pass, but be delayed.  Hopefully the report is wrong, and the Australian Senate has enough sense to keep their stimulus from passing, [...]

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Where’s the Stimulus Conference Report?

February 12, 2009

One of the Obama administration’s promises during the campaign was increased transparency into the legislative and executive processes.  I would imagine that increased transparency would extend especially to those who are supposed to vote on a measure.  Apparently, the vote on the Stimulus was supposed to occur today but was postponed until tomorrow in the [...]

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The Inmates In Charge of the Asylum

February 11, 2009

I’ve been watching in somewhat horror the events of the last few weeks unfold.  We have this major financial crisis, which consists primarily of a series of bad assets that were created and fostered by liberal government programs.  And how are we trying to fix it?  With more liberal government programs.  TARP, by all accounts, [...]

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Here a Trillion, There a Trillion

February 10, 2009

$9.7 trillion.  That is currently how much spending has been committed by the Federal government to fix this crisis in the last year.  Of that: $800 Billion is from the now-certain stimulus $700 Billion for the TARP Program $170 Billion from the Bush stimulus last year $5.4 Trillion spent or committed in bailout buyouts by [...]

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Stimulus is a Stepping Stone to Socialized Medicine

February 9, 2009

A little-known provision in the stimulus bill was highlighted by Rush Limbaugh, Michelle Malkin, and others today, which moves American Health Care radically in the direction of Socialized medicine.  This provision, as outlined by Betsy McCaughey, introduces health care rationing by creating government oversight into treatment options, determining what is cost-effective, and regulating which procedures [...]

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Arlen Specter’s Faulty Logic

February 9, 2009

Pennsylvania Republican Senator Arlen Specter, one of the architects of the grand moderate “compromise” stimulus bill, wrote an op-ed in the Washington Post entitled “Why I Support the Stimulus“. I am supporting the economic stimulus package for one simple reason: The country cannot afford not to take action. The unemployment figures announced Friday, the latest [...]

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Friedman, Greed, and Economic Stimulus

February 9, 2009

Milton Friedman (1912-2006) was one of the great Conservative economists of the 20th century, who saw the New Deal, the Stagflation of the seventies, and the vindication of his economic theories in the 1980s and beyond.  Originally a Keynesian New-Deal proponent, he realized after much study that Keynesian economics was dead-wrong, and proposed many of [...]

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Democrat Bi-Partisanship

February 8, 2009

On the lighter side of the whole stimulus debate, I ran across SNL’s cold opener from last night over at Sister Toldjah.  It is rather amusing, poking fun at both Republicans and Democrats, but mostly at Speaker of the House, Nancy Pelosi.  Kristen Wiig does a great Pelosi, although Fred Armisen does a better Obama [...]

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Could Blue-Dogs Hold the Key to Stopping Stimulus?

February 7, 2009

The Blue-Dog Democrats in the House have been somewhat disenchanted with the Democrat leadership, and have been wanting to flex their muscles.  They realize that they are in districts that could go Republican in 2010, and may be the key to defeating the stimulus package.  Today, a letter signed by 49 Blue Dog Democrats was [...]

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More Stimulus Drama

February 6, 2009

Last night, Obama railed against Republicans, defining them as obstructionists and accusing them of adhering to “the failed policies and politics of the past” (if I hear that line one more time, I think I am going to lose my lunch).  Well, apparently the obstructionists may have some Democrat company.  Sen. Kay Hagan (D-NC) is [...]

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Obama Unhinged

February 6, 2009

Obama gave a speech last night to the Democrat Party Congressional Retreat, and gave up any pretense of being the Great Unifier.  We now see Barack Obama for who he really is (which I and many of us already knew), a partisan hack: Barack Obama is nothing more than a partisan hack who will tow [...]

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Squishy RINOs to Support Stimulus?

February 5, 2009

At least according to Harry Reid, there are at least two Republicans who will support the Porkulus Bill: Senate Majority Leader Harry Reid (D-Nev.) told reporters Thursday that he has enough votes to pass a more than $900 billion stimulus bill out of the Senate.  Reid said he believes at least two Republicans of “good [...]

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How Much is $1,000,000,000,000?

February 5, 2009

One Trillion Dollars.  That’s how much this stimulus package could be before it all ends.  Combine it with TARP, and you end up with at $1.5 trillion on the low end, and $1.75 trillion on the high end.  That doesn’t take into account Obama’s other priorities;  Health Care, TARP-II, etc.  Our National Debt now stands [...]

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The Evils of Protectionism

February 3, 2009

Obama has pledged throughout the campaign to “renew our image throughout the world” through foreign policy. Yet now, as part of the Economic Stimulus bill, he will be engaging in economic protectionism, requiring all goods bought as part of the stimulus projects (such as steel, iron, and manufactured goods) be U.S. based. This will both [...]

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Undoing Welfare Reform

February 2, 2009

Arguably one of the greatest successes of the 1994 Republican Revolution was the passage of welfare reform.  It was a popular solution to a problem that people had with the welfare system at the time, which basically gave people an endless supply of checks from the government (much like the current bailout situation, except in [...]

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Drive-By Conservatives Shamelessly Misrepresent Sarah Palin On Stimulus

February 1, 2009

HotAir’s Allahpundit has made it known for quite some time that he is no fan of Sarah Palin.  In the world of political discourse and debate, that is fine.  People can have differing opinions and views on who would make the best candidates (I personally think that Sarah Palin has a great future in the [...]

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Not Another Gang of 14!

January 30, 2009

With the Republicans keeping a united front against the Stimulus Bill (a.k.a. Generational Theft Act of 2009, a.k.a. the Pork-ulus bill), it now goes to the squishy Republicans in the Senate.  Will the Republicans hold the line?  It appears most likely not.  Sen. Ben Nelson (D-NE) is putting together a “gang” of so-called moderates, much [...]

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Economists Take On Obama

January 29, 2009

Obama recently has been acting if his economic stimulus ideas are universally accepted.  Indeed, he recently argued: There is no disagreement that we need action by our government, a recovery plan that will help to jump-start the economy. Indeed?  Well, a group of over 200 economists, including Nobel laureates, have written a letter to Obama [...]

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What Are We Doing Here?

January 28, 2009

I am getting the feeling that history books will look at this economic crisis and wonder what the hell we are doing?  It seems that the idea of billions and trillions of dollars has lost its shock value with the American People.  We had a $750 billion TARP bailout package, the FED has increased the [...]

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