OMB: Counting Jobs Saved Is Tricky. So List All of Them as Saved.
If the attention of the American people is focused somewhere else, it must be time to quickly push through some radical, self-serving, and impossible-to-defend new agency rule. And with Christmas upon us and Americans paying more attention to the offensive mess that the Senate approved today, it’s probably a good time for the Obama administration to significantly expand how they count jobs ‘saved or created’ | Read More »
WH Official: Porkulus Transparency Will Cause ‘Kerfuffle’
For Congressional Democrats, it never rains, but it pours. If they thought their votes for the ‘stimulus’ bill might look better with time, the White House has some bad news. National Journal has posted a transcript of its interview with ‘stimulus’ overseer Earl Devaney. If you opposed porkulus, the interview is as frustrating and entertaining as you’d expect. If you voted for it, you might | Read More »
Krugman: Obama Sounds Like Bush on Economy
Wow. This is just about the nastiest insult liberals can dish out: I’m not too happy with the policy justifications we’re getting from the administration. It’s perfectly clear that the stimulus was too small; I think they know that too. But they’ve made a political judgment that (a) they can’t push another round through and (b) the thing to do right now is defend the | Read More »
House Democrats Delay Health Care Bill
I pointed out yesterday that Democrats made a major mistake when they tied their credibility to porkulus, and then allowed Capitol Hill to debate health care rationing and cap-and-tax at the same time. Congress cannot both walk and chew gum – especially when they’re starting to worry about the 2010 political climate. The fights over which should be a top priority, and the uncertainty over | Read More »
Is Rahm Emanuel Still a Genius?
When President Obama selected Rahm Emanuel to serve as White House Chief of Staff, most commentators hailed it as a coup. We were told that Rahm was brilliant, and that his love for brass-knuckles politics would prove invaluable in moving the president’s agenda through Congress. As a veteran of the Clinton White House, he would be sure not to repeat the mistakes Clinton made early | Read More »
Rendell: Stimulus Wasn’t Really Stimulus
I don’t know whether to be angry or to rejoice: Pennsylvania Gov. Ed Rendell (D) on Wednesday urged House members to consider another stimulus package just for infrastructure projects in order to produce more jobs… “I would like to see a second stimulus devoted solely to infrastructure,” he said. “It’s what produces jobs, and produces orders for factories, American factories…” “Look, I think the stimulus | Read More »
Doesn’t Anyone Here Know How to Play This Game?
This is a time of great opportunity for conservatives. Americans are beginning to render a verdict on the ‘stimulus,’ the economy, and the Obama administration’s approach. The nation continues to shed jobs, and unemployment shows no signs of leveling off any time soon. The American people are growing more and more concerned about the deficit. And the Obama administration seems split on whether another ‘stimulus’ | Read More »
Gallup: Investors Losing Confidence in Economy
From Gallup: The sharp decline in Gallup’s Index of Investor Optimism in June — particularly the plunge in expectations for the economy — suggests that investors may be losing some of their hopes for an immediate improvement in the U.S. economy later this year. This is consistent with the leveling off of consumers’ mood over the past few weeks and the drop in the consumer | Read More »
TNR’s Judis: Economy Still Collapsing
The conventional wisdom among liberals seems to be that the economy is improving – even if it has nothing to do with the ‘stimulus’ – but because employment is a lagging indicator, another massive spending bill may be needed to improve the unemployment picture. The New Republic’s John Judis argues for such a spending package. But unlike the upbeat liberals who argue that unemployment is | Read More »
Obama Thinking About Stimulus II
Largely lost in the wake of Barack Obama’s press conference yesterday is the news that he is apparently still considering another ‘stimulus’ bill to try to get the economy moving again: President Obama said he is “not yet” ready to ask for a second stimulus package even as polls show Americans growing increasingly more skeptical of how effective the president’s first attempt to create jobs | Read More »
‘Stimulus’ Kills Pennsylvania Steel Jobs
Remember how having a bunch of brilliant grown-ups in the White House was going to restore our tattered relations with key allies? And how the ‘stimulus’ bill would create millions of jobs here in the United States? Instead, the bill has sparked a trade war with Canada – one that will get worse if it is not addressed. And while the Obama team can offer | Read More »
A Stroll Down Memory Lane
With the federal deficit spiraling out of control, with unemployment approaching 10 percent, and with confidence in the Obama economic plan waning, it might be useful to go back and look at what team Obama promised if the porkulus passed:
White House Invites Unions to Set Public Policy
ABC and others report that the Obama administration has invited union representatives to participate in conference calls with state and local officials, which have been held to set guidelines for how ‘stimulus’ money is spent. As first reported in the Los Angeles Times, California officials have said that representatives of the Service Employees International Union were given unprecedented access to an April 15 conference call | Read More »
Reid: One GOP Vote Makes Health Care ‘Bipartisan’ (or None)
‘Bipartisan’ has different meanings to different people. For example, the stimulus bill got just 3 2 Republican votes. Was that a bipartisan effort? According to Reid, one vote is enough to make a bill bipartisan. And based on his comments here at least, a bill can be bipartisan even when only Democrats vote for it: Remember, “bipartisan,” as we learned with the effort on the | Read More »
Obama Stimulus Tracking Site Up and Running By… October
I have not yet blogged about Recovery.org, the indispensable site set up by Onvia to keep track of how the Obama administration is spending your ‘stimulus’ money. Recovery.org offers a number of ways to search – by state, county and program. They provide updates on how much stimulus funding is spent over time, and how may jobs the administration contends have been created (or saved). | Read More »
Obama Funds Pork-Barrel Projects Dropped from Stimulus
Do you remember that $200 million earmarked by Congressional Democrats for re-sodding the national mall? Do you recall how Democrats and the White House were so embarrassed about the project that they at last deleted it from the legislation – and then complained loudly any time Republicans failed to note that they had eliminated it? Well, it turns out they’re spending it anyway: More than | Read More »
Chris Dodd’s Comeback Slogan: ‘Banking on Change’
Chris Dodd Chairs the Senate Banking Committee – a position that made him important enough to become a Friend of Angelo, and allowed him to influence the porkulus conference committee to allow AIG to award bonuses to senior employees. It led AIG executives to strong arm employees into donating to Dodd. It also gave Dodd disproportionate influence in killing efforts to clean up Fannie Mae | Read More »
Americans Trust Themselves on the Economy More Than Obama
Yes We Can! Forty-nine percent (49%) of U.S. voters trust their own judgment more than President Obama’s when it comes to the economic issues affecting the nation.
‘Stimulus’ Bill to Save… Brooklyn Nets?
The Nets made the mistake of leaking this idea before the money was approved. They were supposed to save such discussions until after Congress passed it. That said, once states start divvying up the cash that Barack Obama wants to give them, you can bet the Nets — and a host of other franchises — will start lining up for a share of the pot: | Read More »
Top 6 Examples of Wasteful ‘Stimulus’ Spending
Courtesy of Senator McConnell’s office: • Tax Benefits For Golf Carts, Electric Motorcycles and ATVs: (Pg. 60 of the Tax Division of Conference Report, lines 9-16, “(2) SPECIFIED VEHICLE.—The term ‘specified vehicle’ means any vehicle which—‘‘(A) is a low speed vehicle within the meaning of section 571.3 of title 49, Code of Federal Regulations (as in effect on the date of the enactment of the American Recovery | Read More »