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Keyword: stimulus

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  • Itís 2015ÖLet the ARRA/Obamacare EHR Penalties Begin!

    02/24/2015 8:51:42 AM PST · by Oldpuppymax · 11 replies
    Coach is Right ^ | 2/24/15 | Michael D. Shaw
    A few weeks ago, I had an appointment with my dermatologistĖan old school guy, well-loved by his patients. Heís straightforward, no-nonsense, and has long office hours. You know the type: The one you hope will never retire. As I was led to the examining room, I noticed something not too common these daysĖshelf after shelf of medical records in manila folders. When the doc came into the room, I commented that he did not appear to be an early adaptor of electronic health records (EHRs). He replied that it was definitely worth the Medicare reimbursement penalty (starting in 2015) to...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obamaís budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Eurozone deflation hits Ė0.6%

    01/30/2015 6:32:21 AM PST · by Olog-hai · 13 replies
    European Voice ^ | 01/30/2015 11:42 CET | Dave Keating
    The eurozone experienced negative inflation for the second month in a row, according to a flash estimate published today (30 January) by Eurostat, the European Union¬ís statistical office. Inflation is expected to be at ‚ąí0.6%, with consumer prices falling further than economists had forecast. The fall represents the biggest decline in prices in the history of the euro. [¬Ö] The drop was driven by the fall in energy prices (‚ąí8.9%, compared with ‚ąí6.3% in December). [¬Ö] The deflationary spiral comes as Mario Draghi, the president of the European Central Bank (ECB), is trying to tackle deflation with a policy of...
  • Obama calls for spending surge, buoyed by rising economy

    01/29/2015 6:14:59 PM PST · by Olog-hai · 45 replies
    Associated Press ^ | Jan 29, 2015 8:14 PM EST | Josh Lederman and Andrew Taylor
    Declaring an end to ďmindless austerity,Ē President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control. Obamaís proposed $74 billion in added spendingóabout 7 percentówould be split about evenly between defense programs and the domestic side of the budget. Although heís sought before to reverse the ďsequesterĒ spending cuts, Obamaís pitch in this yearís budget comes with the added oomph of an improving economy and big recent declines in federal deficits. Taking a defiant tone,...
  • Thanks a lot, austerity! We could have had 2014's economic recovery in 2011 (What austerity?)

    01/28/2015 6:13:04 PM PST · by 2ndDivisionVet · 12 replies
    The Week ^ | January 28, 2015 | Ryan Cooper
    ast year boasted the strongest job numbers since 1999, and as a result, many commentators have concluded that left-wing critics of austerity were wrong all along. The basic case ó advanced by Jeff Sachs, Scott Sumner, and others ó is that the surge in growth and jobs proves that austerity is not the poison its detractors claimed it would be. These commentators make some good points. But they are wrong about austerity. A close examination of the counterfactuals shows that austerity almost certainly held back the recovery ó and without it, we might have had 2014's strong numbers in 2011....
  • Global economy hopes raised after European stimulus

    01/24/2015 10:50:50 PM PST · by Tolerance Sucks Rocks · 18 replies
    12 News ^ | January 25, 2015 | Pan Pylas
    DAVOS, Switzerland (AP) - The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a period of underperformance that has prompted many forecasters to reduce their growth forecasts. "Lower oil prices and the big decision by ECB could further improve world economic outlook," said Haruhiko Kuroda, governor of the Bank of Japan.
  • ECB unveils Ä1.1 trillion stimulus plan (European Central Bank; $1.25 trillion)

    01/22/2015 2:15:52 PM PST · by Olog-hai · 10 replies
    EU Observer ^ | 01/22/2015 18:09 | Benjamin Fox
    The European Central Bank will plough Ä1.1 trillion into the eurozone economy in a last-ditch attempt to breathe life into the European economy. At its monthly governing council on Thursday (January 22), the bankís governing council agreed to start buying up to Ä60 billion of government bonds from March in an unprecedented quantitative easing program. The program is open-ended, and will run until September 2016 at the earliest. Speaking at a press conference following the governing council meeting, ECB president Mario Draghi said that the bond-buying program would remain in place ďuntil we see a sustained adjustment in the path...
  • Operation Helicopter: Could Free Money Help the Euro Zone?

    01/09/2015 1:19:20 AM PST · by Olog-hai · 8 replies
    Der Spiegel ^ | January 06, 2015 Ė 12:22 PM | Anne Seith
    It sounds at first like a crazy thought experiment: One morning, every resident of the eurozone comes home to find a check in their mailbox worth over Ä500 ($597) and possibly as much as Ä3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt. The scenario is less absurd than it may sound. Indeed, many serious academics and financial experts are demanding exactly that. They want ECB chief Mario Draghi to fire up the printing presses and hand out money directly to the people. The logic behind the idea is that recipients of the money...
  • Shovel-ready: Stimulus funds still being spent on manure project

    12/09/2014 1:45:21 PM PST · by ButThreeLeftsDo · 6 replies ^ | 12/9/14 | Elizabeth Harrington
    Almost six years after the passage of the stimulus package, taxpayer dollars have finally found their way into a shovel ready project: $60,000 to haul horse manure. Sold as an opportunity to bring America into the ď21st century,Ē the Recovery and Reinvestment Act, commonly known as the stimulus, is now being used to remove wild horse manure off of public lands.
  • ECB ready to pump Ä1 trillion into euro zone economy

    11/07/2014 3:51:45 PM PST · by TigerLikesRooster · 16 replies
    Irish Times ^ | Fri, Nov 7, 2014
    ECB ready to pump Ä1 trillion into euro zone economy Central bank ramps up efforts to rescue single currency bloc from deflation risk The European Central Bank is ready to inject up to Ä1 trillion of new liquidity into the euro zone economy as it ramps up efforts to rescue the single currency bloc from the risk of Japanese-style deflation, Mario Draghi confirmed yesterday. The ECB president also said the central bankís governing council was unanimous in its commitment to use further unconventional tools, including quantitative easing, should economic conditions deteriorate. He added that the central bank had stepped up...
  • Last minute surprise: North Carolina investigating Kay Hagan over Ďconflict of interestí

    11/03/2014 5:37:06 PM PST · by Libloather · 20 replies
    Hotair ^ | 11/03/14 | Noah Rothman
    For about 20 minutes just after midnight on Sunday morning, The Charlotte Observer published a story detailing the apparent conflict of interest which could represent a violation of ethics by embattled Sen. Kay Hagan (D-NC). The story revealed the details of an investigation into Haganís family, which received hundreds of thousands of dollars in stimulus grants Ė grants which Hagan voted for as a member of the U.S. Senate. The story was the first time that the stateís largest paper, The Observer, had informed their readers of the nascent controversy, but Tar Heel residents had to read it fast. The...
  • Democratic Dogs That Aren't Barking

    10/31/2014 3:45:30 AM PDT · by Kaslin · 15 replies ^ | October 31, 2014 | Michael Barone
    Sherlock Holmes famously solved a mystery by noticing the dog that didn't bark in the night. Dogs that are not barking at night -- nor in prime time -- provide some useful clues to understanding the significance of this year's election. Contrary to the disparagement of some liberal pundits, this election is not about nothing. But is not about certain, specific things they might like to hear. President Obama recently said that Democrats in serious Senate and House contests this year back "every one" of his programs. But you hear very little about those programs in their ads. The stimulus...
  • How well did the Fed's stimulus work? ($4 TRILLION quantitative easing drawing to a close)

    10/28/2014 2:56:42 PM PDT · by Libloather · 30 replies
    MSN ^ | 10/28/14 | MATTHEW CRAFT
    NEW YORK ó Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up. Over the past five years, as the Fed has pumped ever-more money into the financial system, critics have warned that it would lead to all kinds of disasters. Yet the central bank kept extending its bond-buying program, known by the wonky name of quantitative easing, or QE. It was an unprecedented effort aimed at lowering borrowing costs, encouraging spending and reviving a dormant economy before it could slip back into...
  • Obama Appoints Democrat Operative Who Oversaw ďStimulusĒ Boondoggle as ďEbola CzarĒ

    10/18/2014 5:37:07 AM PDT · by george76 · 37 replies
    TPNN ^ | October 17, 2014 | Matthew Burke
    Even though earlier this week, the official Obama Regime spokesman, Josh Earnest, announced to the nation that there was no need for an ďEbola Czar,Ē Obama announced his new ďEbola CzarĒ on Friday, a Democrat Party operative with no experience in the health care or medical industries. Ron Klain, a lawyer who oversaw the implementation of the failed Obama 2009 Stimulus ďPorkulusĒ plan, also served as chief of staff to buffoonish Democrat Vice President Joe Biden and global warming huckster and fraud, former vice president, Al Gore. Think Solyndra.
  • Hagan Husband Pocketed Stimulus Savings

    10/15/2014 3:14:06 AM PDT · by afraidfortherepublic · 19 replies
    The Weekly Standard ^ | 10-15-14 | Michael Warren
    A company owned by the husband of Democratic senator Kay Hagan of North Carolina received taxpayer money for a green energy project through the federal stimulus of 2009, later revising down the project's estimated cost and keeping the difference. Don Carrington at the Carolina Journal, a publication of the conservative John Locke Foundation, has the scoop on how JDC Manufacturing, co-owned by Chip Hagan kept savings from a stimulus grant instead of returning the money to taxpayers: The companyís original application stated the total project would cost $438,627, and said JDC would contribute ďleveraged fundsĒ amounting to $187,983, or 43...
  • Cronyism Kills

    10/13/2014 9:01:08 PM PDT · by grandpa jones · 4 replies
    Nuke ^ | 10/13/14 | nuke
    Remember 2009? The Obama regime promised a miracle economic recovery if only Congress would pass their mammoth economic stimulus bill. Shovel-ready jobs. Green, renewable energy. Smart Policies. Yada, yada, yada. This occurred to me as I saw some of the new Democrat ads blaming the GOP for Ebola. ďCuts Kill,Ē or something. Some $80 BILLION in the stimulus package was devoted to green energy, much of which was directed to campaign donors and other friends of the regime. In short order, many of those same companies began to fail. As Ashe Schow notes: So far, 34 companies that were offered...
  • An Ebola goof and an Obama crony (pocketed $30 Billion stimulus for faulty Texas tech)

    10/09/2014 5:23:53 AM PDT · by Liz · 13 replies ^ | 10/9/14 | MICHELLE MALKIN
    --snip-- Texas Health contracts with Epic Systems for its electronic-medical-records (EMR) system. Epic was founded by billionaire Judy Faulkner, a top Obama donor---the dominant EMR player in the US health-care market. The firmís Top 10 PAC recipients are all Dem/lefty outfits: DCCC got nearly $230,000; DNC Services Corp. nearly $175,000.......Obama campaign-finance bundler, Faulkner, served as an adviser to WH health-information-tech guru David Blumenthal--in charge of dispensing EMR subsidies. Faulkner also served on the same committee Blumenthal chaired. Epic and other large firms lobbied aggressively for nearly $30 billion in 2009 stimulus subsidies. Epic has been the subject of rising industry...
  • Judy Faulkner Likely Has Your Medical Records (Meet the Billionaire Obama Crony in charge of it)

    05/25/2013 7:56:29 AM PDT · by SeekAndFind · 32 replies
    The Real Revo ^ | 05/23/2013
    Ms. Faulkner is worth two billion dollars. More than 40% of the U.S. population will have its medical information stored in an Epic digital medical record by 2013. Clients include many of the countryís top hospitals, including the Cleveland Clinic, Johns Hopkins, and Cedars-Sinai. Faulkner largely shuns the press and leads a modest lifestyle.Ē From Real Clear Politics: Who is Judy Faulkner? Chances are, you donít know her ó but her politically connected, taxpayer-subsidized electronic medical records company may very well know you. Top Obama donor and billionaire Faulkner is founder and CEO of Epic Systems, which will soon store...
  • Politico: Sen. Kay Haganís family directly profited from stimulus she voted to enact

    09/27/2014 4:26:59 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 09/27/2014 | Ed Morrissey
    Politico‚Äôs scoop on Kay Hagen is a couple of days old, but it‚Äôs worth mentioning in a tight Senate race in North Carolina, and not just for the scoop itself. Hagan‚Äôs vote on the 2009 stimulus package has come under fire after Politico discovered that $390,000 in ARRA grants went to a firm owned in part by her husband Chip: When Kay Hagan voted for President Barack Obama¬ís 2009 economic stimulus package, the Democratic senator hailed it as ¬ďthe best way forward for working families across North Carolina.¬ĒOne of the families that later benefited is her own.JDC Manufacturing, a...
  • Stimulus bill enabled billions in waste, exploitation of employees

    09/08/2014 7:43:45 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 09/08/2014 | Ed Morrissey
    When Barack Obama and the Democrats on Capitol Hill forced the $800 billion stimulus bill into law, they insisted that waste, fraud, and abuse would not be tolerated. They put ‚ÄúSheriff‚ÄĚ Joe Biden on the case in March 2009, with Obama warning stimulus recipients that ‚Äúaround the White House, we call him the Sheriff ‚ÄĒ because if you‚Äôre misusing taxpayer money, you‚Äôll have to answer to him.‚ÄĚ The Department of Transportation employees gathered for the speech laughed at that statement, according to the White House transcript ‚ÄĒ and well they should have. An in-depth report from McClatchy and ProPublica...
  • Taxpayers and workers gouged by labor-law dodge: 2009 stimulus cheated taxpayers and workers

    09/05/2014 9:52:34 AM PDT · by SeekAndFind · 9 replies
    McClatchy DC ^ | 09/05/2014 | By Mandy Locke and Franco OrdoŮez
    <p>The largest government infusion of cash into the U.S. economy in generations Ė the 2009 stimulus Ė was riddled with a massive labor scheme that harmed workers and cheated unsuspecting American taxpayers.</p> <p>At the time, government regulators watched as money slipped out the door and into the hands of companies that rob state and federal treasuries of billions of dollars each year on stimulus projects and other construction jobs across the country, a yearlong McClatchy investigation found.</p>
  • Survey: Economists say Fed is on Ďthe right trackí

    08/24/2014 11:50:29 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Aug 25, 2014 12:39 AM EDT | Ken Sweet
    A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years. In the associationís semiannual survey, 53 percent of economists said the Fedís stimulus programs were ďon the right trackĒ for the U.S. economy while 39 percent thought the Fed was doing too much. Ö
  • Obamaís Economy In Action! Data Shows Cash For Clunkers Was An Epic Debacle

    08/10/2014 2:43:53 AM PDT · by afraidfortherepublic · 36 replies
    The Daily Caller ^ | 8-10-14 | Eric Owens
    ďCash for Clunkers,Ē the 2009 Obama administration stimulus program designed to spend $2.85 billion to jumpstart the auto industry, turned out to be a complete disaster ó for the auto industry. In the minds of Obamaís team of advisers and economists, the program made total sense, of course. The plan was to dangle a $4,500 credit to persuade car owners to trade in their older automobiles for new cars with better fuel efficiency. It would stimulate an economy then in the midst of a deep recession. As a bonus, it would mean less oil consumption and cleaner-running cars. The law...
  • Oops! Obamaís Cash for Clunkers program Ďactually lowered total new vehicle spendingí

    08/07/2014 10:06:33 PM PDT · by 2ndDivisionVet · 12 replies
    The American Enterprise Institute ^ | August 4, 2014 | James Pethokoukis
    Back in 2008, economist Alan Blinder called the idea of a ďcash for clunkersĒ federal rebate plan ďthe best stimulus idea youíve never heard of.Ē But more and more analysis of the program suggests ďcash for clunkersĒ will be a stimulus idea weíll never hear of again. ďCash for Corollas: When Stimulus Reduces Spending by Mark Hoekstra, Steven Puller, and Jeremy West finds the programs merely pulled forward car sales from the subsequent seven to nine months and thus ďhad no impact on the number of vehicles sold.Ē This counters the Obama White House claim that ďa substantial proportion of...
  • White House: Those bridges we promised to fix back in 2009 are totally falling apart

    07/15/2014 2:03:53 PM PDT · by SoFloFreeper · 33 replies
    Twitchy ^ | 7/15/14 | Twitchy Staff
    Five years ago, Democrats spent $700 billion on ďfiscal stimulus,Ē much of which was supposed to consist of ďpublic-works projects to repair the nationís crumbling infrastructure.Ē
  • Spain to unveil $8.6 billion stimulus package

    05/31/2014 8:22:09 AM PDT · by Olog-hai · 38 replies
    Associated Press ^ | May 31, 2014 9:31 AM EDT
    Spainís prime minister says his government will unveil a stimulus package worth Ä6.3 billion ($8.6 billion) to boost competitiveness. [Ö] (Mariano Rajoy) said Saturday corporate tax would be cut from 30 percent to 25 percent. Ö
  • The Fates Hate Obama and You Pay the Price

    05/22/2014 5:19:10 AM PDT · by Kaslin · 1 replies ^ | May 22, 2014 | John Ransom
    Even the weather refuses to cooperate with Obama. So who can blame the GOP for spurning him? Thatís how much heís been abandoned by the fates. And we pay the price for his gamble on his destiny, his legacy, his lie. Itís ironic that at a time when Wall Street has been adjusting expectations for the economy because of moderately cold weatherólike THATís never happened before-- Obama is banging the drum for more draconian cuts to our great American-supplied fossil fuels. He cites global warming as the culprit. ďPresident Obama is putting global warming in the spotlight this week, using...
  • Another Obama-backed 'green' company, Smith Electric Vehicles,...

    05/05/2014 6:39:33 AM PDT · by afraidfortherepublic · 4 replies
    Washington Examiner ^ | 5-5-14 | Richard Pollack
    Four years have passed since President Obama visited Kansas City's main airport, rolled up his shirt sleeves and admonished the skeptics who said Smith Electric Vehicles was unlikely to make good on its promises to build 510 experimental electric-powered trucks and buses suitable for commercial use. ďCome see whatís going on at Smith Electric," the president said, inspecting a table full of bright green truck batteries in what was once a maintenance hangar for TWA. "I think theyíre going to be hard-pressed to tell you that youíre not better off than you would be if we hadnít made the investments...
  • Whistleblowers Expose Rampant Corruption Inside Spanish Conglomerate Abengoa...

    05/04/2014 2:31:04 PM PDT · by calfit32 · 7 replies
    The Green Corruption Files ^ | May 2, 2014 | Christine Lakatos
    The Bureau of Land Management is attempting to shut down the Bundy Ranch to clear the path for massive solar energy developments in southern Nevada that will enrich an A-list of well-connected Democrats close to President Obama, Al Gore, Bill Clinton and others. Completely unreported however, a scandal of epic proportions has been brewing with yet another Democrat-connected recipient of ďgreen energyĒ stimulus funds. The Spain-based conglomerate Abengoa operates close to 600 subsidiaries throughout Europe, the Middle East, Latin America, and Asia, and has received $3.6 billion in loans and grants in direct violation of President Obamaís "Recovery Act" promise...
  • The Madison County Bridges In Nowhere And The Perennial Myth Of Crumbling Infrastructure

    04/30/2014 11:37:42 AM PDT · by all the best · 10 replies
    Davis Stockman's Contra Corner ^ | April 29, 2014 | Davis Stockman
    Whenever the beltway bandits run low on excuses to run-up the national debt they trot out florid tales of crumbling infrastructureóthat is, dilapidated roads, collapsing bridges, failing water and sewer systems, inadequate rail and public transit and the rest. But most especially it presents a swell opportunity for Washington to create millions of ďjobsĒ. And, according to the Obama Administrationís latest incarnation of this age old canard, it can be done in a fiscally responsible manner through the issuance of ďgreen inkĒ bonds by a national infrastructure bank, not ďred inkĒ bonds by the US Treasury. The implication, of course,...
  • White House back to peddling economic stimulus-via-infrastructure spending and new taxes

    04/30/2014 10:38:37 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 04/30/2014 | Erika Johnsen
    As President Obama so peevishly informed us all earlier this month, that the debate on repealing/replacing ObamaCare is now absolutely beyond contestation, so it would be really great if we could all just shut up and move on to more important things ‚ÄĒ like, say, the economy, because ‚Äúthe fifty or so votes Republicans have taken to repeal this law could have been fifty votes to create jobs by investing in things like infrastructure, more innovation.‚ÄĚ That‚Äôs why the White House is leading by example and contrasting itself with Congress‚Äôs deliberately light legislative schedule ‚ÄĒ by proposing the same old...
  • BIG NEWS: Feds Paid $40 Million to Claire McCaskillís Husbandís Businesses (calls for tax returns)

    10/09/2012 11:34:20 AM PDT · by barmag25 · 24 replies
    The Gateway Pundit ^ | 10/9/12 | Jim Hoft
    Game Changer? The federal government paid nearly $40 million dollars to Claire McCaskillís husbandís businesses her first five years in office as Missouri Senator. During that time McCaskill has had influence over federal policy that has directly affected her familyís income. Missouri royalty - The rest of the country has suffered but Claire McCaskill and her husband Joseph Shepard have done very well these past five years. There are renewed calls for Democrat McCaskill to release her tax returns. ABC3040 reported: Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for...
  • CBO Repeatedly Confounded Liberals, Vindicated Conservatives in February

    03/06/2014 2:41:00 PM PST · by Kaslin · 4 replies ^ | March 6, 2014 | Akash Chougule
    February was not kind to supporters of the liberal agenda. In the span of four weeks, the nonpartisan Congressional Budget Office (CBO) released four separate reports, each concluding that misguided big government policies are hurting American businesses and families. CBO first reported in early February that President Obamaís healthcare law will drive millions out of full time work and push our ballooning national debt to $27 trillion dollars. A second report released by the CBO concluded that a mandated hike in the minimum wage to $10.10 would kill 500,000 jobs, mostly for low-wage workers. And a third report suggested that...
  • Boxer: ĎAbsolutely No Way Weíre Going to Cut Spendingí

    03/03/2014 10:16:30 AM PST · by Olog-hai · 28 replies
    Cybercast News Service ^ | March 3, 2014 - 11:23 AM | Eric Scheiner
    While discussing federal spending and transportation funding, Sen. Barbara Boxer (D-Calif.) said ďthere is absolutely no way weíre going to cut spending.Ē Boxer was discussing the Highway Trust Fund with members of the American Association of State Highway and Transportation Officials (AASHTO) in Washington on Feb. 26th, when she addressed various tax increases that may be used to raise money for the program. ďI donít see support for raising the gas tax and there is absolutely no way weíre going to cut spending, so itís going to have to be a creative way to fund this in reality,Ē Boxer said....
  • Obama Must Go

    03/03/2014 2:26:06 AM PST · by servo1969 · 74 replies ^ | 3-3-2014 | John Ransom
    As Obama moves from one disaster to the next disaster, itís clear that heís lacking the support from citizens here at home, is viewed skeptically by people abroad, and lacks the respect from foreign leaders that the Great Seal of the United States should confer on any president. ďA CBS News/ New York Times poll out tonight find only 40% of Americans are satisfied with the presidency of Barack Obama,Ē reported CBS News last week. ď59% say they're disappointed.Ē Only 59 percent? Whatís wrong with these people? Obamaís been beaten on Syria, Iraq, Afghanistan, Libya, and now in Ukraine. Heís...
  • Amid military cuts, Obama urges $300B for roads and railways

    02/26/2014 2:46:38 PM PST · by SkyPilot · 34 replies
    Fox News and AP ^ | 26 Feb 14 | AP staff
    Just two days after the Pentagon outlined major cuts to the U.S. Army and other military programs, President Obama is calling for a whopping $300 billion commitment for America's roads, bridges and mass transit systems -- though as much as half comes from a tax plan that has bleak prospects on the Hill. The president talked about the stimulus-style plan during a stop Wednesday afternoon in St. Paul, Minn. Officials say the money, as proposed, largely would come from "pro-growth business tax reform." But aside from the challenges in pushing tax reform, Obama could have a hard time making the...
  • 2011 Flashback - Community Reinvestment Act: Separating Fact From Fiction

    02/23/2014 4:39:41 PM PST · by Son House · 13 replies
    IBD Editorials ^ | 03/29/2011 | Staff
    FACT: The toothless 1977 regulations fully expired in July 1997, when President Clinton rewrote them to toughen CRA enforcement as part of a crusade to close the "mortgage gap" between blacks and whites. For the first time, banks were required to show results. One of the five performance criteria in the "lending test" ó the most heavily weighted component of the CRA exam ó was adopting "flexible lending practices" to address the credit needs of poor borrowers in "predominantly minority neighborhoods." Banks that didn't bend their underwriting rules risked flunking the exam. Ex-Federal Reserve Board Gov. Lawrence Lindsey, a staunch...
  • NY Times: The Stimulus worked! (Almost verbatim White House talking points)

    02/23/2014 11:37:10 AM PST · by SeekAndFind · 35 replies
    American Thinker ^ | 02/22/2014 | Rick Moran
    Here's an editorial in the New York Times about the beneficial effects of the $832 billion stimulus bill passed in 2009 that could have been written in the White House: Of all the myths and falsehoods that Republicans have spread about President Obama, the most pernicious and long-lasting is that the $832 billion stimulus package did not work. Since 2009, Republican lawmakers have inextricably linked the words "failed" and "stimulus," and last week, five years after passage of the Recovery Act, they dusted off their old playbook again."The 'stimulus' has turned out to be a classic case of big promises...
  • Why You've Never Heard of the GReat Depression of 1920-21

    02/23/2014 9:46:03 AM PST · by Attention Surplus Disorder · 31 replies
    The Mises Institute ^ | 4/4/2009 | Thomas Woods
    Very interesting presentation by Thomas Woods, discussing the GD of 1920-1921, the depression nobody ever talks about. Well worth watching, :41, only a couple of slow spots, otherwise entertaining. It is never talked about because the US economy rapidly came out of it with NO federal stimulus; indeed, the Fed lowered taxes and decreased spending during this period. Instead, Warren G. Harding was universally ridiculed for his clumsy speeches; examples of which are given and which sound entirely sensible. Virtually all historians castigate Harding because he was allegedly slow and stodgy, and during the latter half of his term, the...
  • Senate's Generational Theft Act roll call vote; Where was Cornyn? (2009 skipped cloture vote)

    02/19/2014 5:18:16 AM PST · by jimbo123 · 1 replies
    Michelle Malkin ^ | 2/9/2009 | Michelle Malkin
    Here it is, for posterity. Trying to find out why Sen. John Cornyn did not vote: Triumph of the Turncoat Caucus. *** Iíve just e-mailed Sen. Cornynís office and asked why he missed the vote. Heard from a NYC conservative that Cornyn is there now speaking to the Republican ďMonday MeetingĒ group ó made up of wealthy GOP donors. Bizarre display of priorities. Several Washington Hill folks note, of course, that the number of no votes isnít important on cloture votes. But it matters to many of Sen. Cornynís tax-paying constituents, who have e-mailed wondering where he was.
  • Total Lawlessness, a Disastrous Economy, and CBS Asks Obama About ... What He's Watching on TV

    RUSH: This is CBS this morning and the co-respondent is Bill Plante. We had the fifth anniversary of the stimulus yesterday. We're in the midst of an absolutely devastated United States economy. There is no end in sight. We are also in the midst of the total wrecking of the American healthcare system. We are in the process of tearing it apart and rebuilding it all under government control eventually. No matter where you look, the jobs market, the economy, any Obama policy, no matter where you look, there is utter disaster. In fact, polling data out there, Washington Examiner,...
  • Five years later, White House and critics fight over stimulus law

    02/17/2014 6:21:15 PM PST · by BenLurkin · 4 replies
    LAT ^ | February 17, 2014, 2:20 p.m. | David Lauter
    As told by Democrats, the stimulus law is a tale of officials using government effectively to shield families from a severe economic crisis triggered by inadequately regulated speculation. In that accounting, the law is a prime example of how a strong central government can help the average person. To Republicans, by contrast, the law provides proof that government spending does little other than to burden future generations with debt. Given the continued weakness in the economy, Republicans have the simpler case to make: Good times have not yet returned, therefore, Obamaís policies have failed. Florida Sen. Marco Rubio demonstrated the...

    02/17/2014 2:20:21 PM PST · by jimbo123 · 10 replies
    Breitbart Texas ^ | 2/17/14 | MICHAEL QUINN SULLIVAN
    In the heat of a re-election campaign, U.S. Sen. John Cornynís press office issued a strong statement today condemning the 5-year anniversary of President Obama signing the Democrat-led stimulus package into law. Yet Cornyn was one of two senators ó both Republicans ó who were absent when the measure first went before the Senate in 2009. ďFive years later, our economy is still sluggish, Americans are dropping out of the workforce by the thousands, and the Presidentís latest big government experiment, Obamacare, is now on track to slash 2 million more jobs from the workforce,Ē wrote Cornyn about the American...
  • Silence (So Far) from Democrats on Stimulus Anniversary

    02/17/2014 1:27:00 PM PST · by Libloather · 11 replies
    NBC News ^ | 2/17/14 | Mark Murray
    When the $787 billion federal stimulus was signed into law exactly five years ago this Monday, the U.S. economy was losing almost 800,000 jobs per month. Now? More than 4.2 million jobs have been added since March 2009. Also at this time five years ago, the unemployment rate was 8.3% and would climb to a high of 10.0% just months later. Now it stands at 6.6%. But on this fifth anniversary of the stimulus Ė passed mostly along party lines in response to financial crisis and Great Recession Ė Democrats and the White House have responded so far with Ö...
  • 5 Years After Stimulus, Obama Says It Worked(libs at Time waking up)

    02/17/2014 11:20:16 AM PST · by gooblah · 18 replies
    Time Swampland ^ | Michael Grunwald
    Five years ago Monday, President Barack Obama visited the Denver Museum of Nature and Science to sign the American Recovery and Reinvestment Act, his $800 billion stimulus bill. At the time, the U.S. economy was losing 800,000 jobs a month. In the fourth quarter of 2008, it had contracted at an 8% annual rate, a Depression-level free fall. ďToday does not mark the end of our economic problems,Ē Obama said on Feb. 17, 2009. ďBut it does mark the beginning of the end.Ē And so it did. The stimulus quickly became a national joke, mocked by the right as a...
  • Where was Cornyn? (2009 Stimulus Cloture Vote Flashback)

    02/17/2014 6:27:52 AM PST · by jimbo123 · 13 replies
    Politico ^ | 2/9/2009 | Glenn Thrush
    Texas Republican Sen. Jon Cornyn -- head of the GOP's Senatorial committee -- has been an outspoken critic of Democratic stimulus efforts, but he chose to skip tonight's cloture vote on the package without offering a detailed explanation. Cornyn was the only no-show -- except for Commerce Secretary nominee Judd Gregg, who recused himself. So where was Cornyn? "He had a long standing commitment and since it was cloture vote and no vote is like a "no" vote, he stuck to it," wrote spokesman Kevin McLaughlin in an E-Mail to Politico. "Obviously [he] is against [it] and will vote no...
  • Five Years After Stimulus: 1,268 Cases of Fraud

    02/16/2014 8:44:06 PM PST · by Nachum · 10 replies
    The Gateway Pundit ^ | 2/16/14 | Jim Hoft
    Posted by Jim Hoft on Sunday, February 16, 2014, 10:38 PM † † In November 2010, Vice President Joe Biden said fraud and abuse of the stimulus bill had been kept ďto a surprisingly low level.Ē This came a year after Barack Obama bestowed VP Joe Biden with the title of the stimulus ďsheriff.Ē Barack Obama signs the failed stimulus into law in 2009.Fast forward five years Ė Investigators have proven 1,268 cases of fraud in the $840 billion stimulus program.USA Today reported: Despite thousands of fraud cases, the financial losses under the 2009 Recovery Act have been just...
  • Stimulus Worked as Intended! (Guest Post)

    02/16/2014 11:17:40 AM PST · by Starman417 · 7 replies
    Flopping Aces ^ | 02-16-14 | Blowhard
    The other night I attended a Republican meeting in Alexandria, Virginia, a suburb of Washington D.C. A candidate for Senator was speaking and I wanted to hear what he had to say. His name is Ed Gillespie and he has been a volunteer and elected leader in the Republican party for 30 years. I won't bore you with his party platform policies or a description of his well polished demeanor and dress. Let me just assure you he looked and sounded the part. But he said something that made me question him and the Republican party. He alluded to Obama...
  • Five Years Later: How's that Wreckovery Working Out?

    02/14/2014 4:33:06 AM PST · by Kaslin · 14 replies ^ | February 14, 2014 | Michelle Malkin
    On Feb. 17, 2009, President Obama promised the sun and the moon and the stars. That was the day, five years ago, when he signed the $800 billion "American Recovery and Reinvestment Act." President Modesty called it "the most sweeping economic recovery package in our history." He promised "unprecedented transparency and accountability." He claimed the spending would lift "two million Americans from poverty." Ready for the reality smackdown? The actual cost of the $800 billion pork-laden stimulus has ballooned to nearly $2 trillion. At the time of the law's signing, the unemployment rate hovered near 8 percent. Obama's egghead economists...
  • Biden's Third World Country

    02/11/2014 1:36:47 PM PST · by Kaslin · 8 replies ^ | February 11, 2014 | Scottie Hughes
    Last week, our nationís genius Vice President Joe Biden offered a statement which alienated some of his most loyal fans. ďIf I blindfolded someone and took them at 2:00 in the morning into the airport in Hong Kong and said Ďwhere do you think you are,í theyíd say, Ďthis must be America, itís a modern airport,íĒ Biden said during a speech on infrastructure in Philadelphia. Mr. Biden had a point, though not for the reason he thinks. The Vice President believes that the Government is not spending enough money on infrastructure projects like airports, bridges and highways. If that is...