Posts tagged as:

stimulus package

Charlie Crist (I)

April 28, 2010

Many saw this coming, but regardless Florida’s Republican Governor Charlie Crist is likely to decide tomorrow in a press conference scheduled for 5pm to run as an Independent in this year’s Florida Senate race.  Currently trailing Republican Marco Rubio by at least 30-points in the primary, Crist is apparently planning to jump ship, dump the [...]

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Porkulus Bill: $595,600 per Pound

July 19, 2009

We now know what the unit price is for government pork., 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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Obama Speaks: We’ve Got Too Much Debt

May 15, 2009

$800 billion in stimulus here, wanting $634 billion in health care downpayments there, $3.6 trillion budget with a measley $17 billion in trimming, added to a 95% tax cut for everybody (even those who don’t pay taxes), two wars, entitlement programs gone amok… But wait, there’s more!    Millions of dollars in “stimulus” has gone out [...]

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Cutting Spare Change from the Federal Budget

April 20, 2009

In what is nothing more than a PR stunt, Obama is meeting with his cabinet for the first time today to ask them to cut, collectively, $100 million from the Federal Budget.  That’s right, $100 million.  Not $1 billion, not $10 billion, not $100 billion, not $1 trillion.  With the spending that has gone on [...]

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Newt’s Response to Congress’ Debacle

February 14, 2009

The Stimulus Package is going to be law by Tuesday.  We all knew from November 4th that we weren’t going to win many battles.  This is no exception, in fact it’s the perfect example:  We tried. We lost.  That’s that.  No use whining anymore;  it’s happened.  The time has come for action in the arena [...]

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Pax Obama

February 9, 2009

It’s been a long three weeks since Obama’s triumphant coronation on the steps of the Capitol Building on that cold January day.  Yet, the shine surrounding the Chosen One has not come back to Earth according to two different polling agencies.  Gallup’s “adults” have the Beneficent One hovering around 67% for his handling of the “Spendulus” package: “President [...]

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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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Keynesian Skepticism

January 15, 2009

Economist N. Gregory Manikiw, a Professor of Economics at Harvard and former advisor to the Bush administration, has a piece at the New York Times today about the economic multiplier effect first posited by Keynes and popularized Paul Samuelson, author of early Economic textbooks.  In the piece, Manikiw examines the gap between the relative effectiveness [...]

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Don’t Panic: Living the Satire

January 14, 2009

The American Spectator ran an article yesterday which mixed two things I really love, combining contemporary politics and clever 1980s British satirists through poking fun at Obamanomics using the work of the late Douglas Adams! Here are a few lines Joseph Lawler draws from Adams’ Hitchhiker’s Guide to the Galaxy: On the Presidency: As the alien Ford Prefect explains to the [...]

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Debunking Keynesian Economics

December 17, 2008

As the Economic Crisis remains the main issue of the day, talk in Washington continues to revolve around a Keynesian stimulus as an attempt to “revive” the economy.  Dan Mitchell, of the Cato institute, has produced a YouTube video which clearly and concisely explains why Keynesian economics does not work. The Obama plan is nothing [...]

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The Economic anti-stimulus Package

January 24, 2008

President Bush and Congress are close to a deal on a $150 billion economic “stimulus” package.  The package includes a temporary suspension of the 10% income bracket, meaning that everyone who fell in this bracket would receive up to $800 ($1200 for married couples) in the form of a rebate.  In addition, the plan would [...]

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