Today the White House patted itself on the back for an economic ‘stimulus’ which they claim is proving incredibly effective at restoring economic growth: Estimates of the impact of the ARRA made by comparing actual economic performance to the predictions of a plausible, statistical baseline suggest that the Recovery Act added roughly 2.3 percentage points to real GDP growth in the second quarter and is | Read More »
I just had participated in a conference call with several House Republican Representatives, regarding the House Republican Economic Recovery Plan that the was debuted today. Republican Whip Eric Cantor (R-VA), Congressman Jeb Hensarling (R-TX) and Congressman Peter Roskam (R-IL) discussed the meeting this morning with President Obama, and their request that he encourage Congressional leaders to make good on his commitment to give Republican proposals | Read More »
Faced with a slow economy and a large deficit, Democrats in Washington are going to try to solve the problem by adding more than $1 trillion to the national debt. Many governors are faced with similar challenges, and some at least, are trying a different approach. One noteworthy example is Minnesota’s Tim Pawlenty: In his State of the State Address to a joint body of | Read More »
There seems to be a minor debate going on in the comment section to my last post on Obama’s stimulus plan, related to whether Congressional Democrats will defer to Barack or attempt to dictate to him. I think the answer is clear: unless he takes them to the woodshed, they will take every inch that he gives — and more. For example: Democrats in Congress | Read More »
Rasmussen finds that the American people are generally favorable toward Barack Obama’s stimulus plan: Generally speaking, do you favor or oppose the economic recovery plan proposed by Barack Obama? 44% Favor 28% Oppose 27% Not sure
There seems to be a surprisingly enthusiastic reception among Republicans and in the media to Barack Obama’s effort to broaden support for his stimulus plan: President-elect Barack Obama arrived on Capitol Hill yesterday and immediately set to work reassuring skeptical Republicans about his massive economic stimulus package — part of a campaign that earned him praise for seeking their input but questions from those averse | Read More »
James Pethokoukis points to an item in the Wall Street Journal on Democratic concerns that the timetable for the stimulus may slip as Barack Obama’s transition team fails to deliver its requests on time:
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