Keyword: stimulus2

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  • Democrats want war savings to fund new stimulus package

    11/10/2011 10:19:11 AM PST · by BradtotheBone · 20 replies
    The Hill ^ | 11/10/11 10:43 AM ET | Erik Wasson and Julian Pecquet
    Democrats on the supercommittee have proposed that the savings from the end of the wars in Iraq and Afghanistan be used to pay for a new stimulus package, according to a summary of the $2.3 trillion plan obtained by The Hill. The latest offer from Democrats on the deficit panel, made Monday night to their Republican counterparts, would use some of the war savings to help pay for spending on infrastructure. The budget savings from ending the wars are estimated to total around $1 trillion over a decade, according to an estimate in July from the Congressional Budget Office. The...
  • Senate votes down Obama jobs measure

    11/03/2011 2:09:14 PM PDT · by Sub-Driver · 14 replies
    Senate votes down Obama jobs measure By Josiah Ryan - 11/03/11 03:26 PM ET For the third time in four weeks, Senate Republicans on Thursday voted in unison to block a piece of President Obama's jobs package. The GOP senators were joined by one Democrat, Sen. Ben Nelson (Neb.), and Independent Sen. Joe Lieberman (Conn.) in rejecting a procedural motion on legislation that would spend $60 billion on transportation infrastructure programs. The vote was 51-49. The spending was offset with a new tax on income earned above $1 million that Republicans oppose. Many Republicans, including Sen. Jeff Sessions (Ala.), said...
  • Obama Panders to Occupy Wall Street, Vilifies Top 1 Percent in Weekly Address

    10/30/2011 3:46:46 PM PDT · by Kaslin · 21 replies
    Townhall.com ^ | October 30, 2011 | Katie Pavlich
    President Obama has been no stranger to the Occupy Wall Street crowd and in fact has gone out of his way to encourage the violent, vile, unsanitary, vitriolic and greedy movement. But, this week Obama took it to a whole new level, dedicating half of his weekly address to vilifying the "top 1 percent," while claiming the middle class has been losing ground as "the rich become richer." His message this week is purely "spread the wealth around." Like I've said before, if Obama is going to continue to support the OWS crowd, he better be willing to accept the...
  • Transcript: NBC’s “Meet the Press”

    10/30/2011 10:19:51 AM PDT · by mdittmar · 7 replies
    TIME ^ | October 30, 2011 | Reuters
    DAVID GREGORY: Good morning. The first snow storm of the winter makes an early fall landing, blanketing the east coast from Maryland to New England, leaving more than two million homes without power. This is how it's going to look a couple of months from now in Iowa when the caucuses are underway. And this morning we have a clear snapshot of how the Republican field now stands. In the new Des Moines Register poll, Herman Cain and Mitt Romney are on top. Back in Washington, the president focused on his own reelection and the need to jumpstart the economy...
  • New Obama metric: “Jobs supported” (It's No Longer "Saved or Created.")

    10/14/2011 2:43:25 PM PDT · by MissesBush · 26 replies
    Hot Air ^ | 10/14/11 | Ed Morrisey
    Old and busted: Jobs “saved or created.” New hotness: Jobs “supported.” In attempting to advance the argument for Barack Obama’s new jobs stimulus plan, the White House has decided to create a new term that has, er, even less meaning than their previous measure: The American Jobs Act Will Support Nearly 400,000 Education Jobs—Preventing Layoffs and Allowing Thousands More to Be Hired or Rehired: The President’s plan will more than offset projected layoffs, providing support for nearly 400,000 education jobs—enough for states to avoid harmful layoffs and rehire tens of thousands of teachers who lost their jobs over the past...
  • NBC/WSJ poll: Despite defeat, Obama's jobs bill is popular

    10/12/2011 11:21:17 AM PDT · by Recovering_Democrat · 45 replies
    PMSNBC ^ | 10/12/11 | Mark Murray
    Even though the United States Senate on Tuesday blocked President Obama's jobs bill, the legislation's specifics -- as well as the idea of taxing the wealthy to pay for it -- are popular with the American public, according to a new NBC News/Wall Street Journal poll. When asked simply if Congress should pass the legislation or not, 30 percent of respondents answer yes, while 22 percent say no; 44 percent have no opinion.
  • Pelosi Says Unemployment Rate Would Have Hit 14.5% Without 2009 Stimulus

    10/06/2011 8:40:03 PM PDT · by newzjunkey · 24 replies
    Weekly Standard ^ | 7:28 PM, OCT 6, 2011 | JOHN MCCORMACK
    Nancy Pelosi refuses to use the word "stimulus" to describe the president's "American Jobs Act." But when asked today to name significant differences between the Jobs Act and the 2009 stimulus package, Pelosi didn't identify any... "Without the Recovery Act and accompanying federal interventions, whether from the Fed, or Cash for Clunkers, or other initiatives, the unemployment rate last year at the time of the election would have been fourteen and a half percent, not nine and a half percent," said Minority Leader Pelosi. ....
  • TPM: Schumer Adopts GOP Argument Against Obama Tax Plan

    10/05/2011 11:30:26 AM PDT · by tcrlaf · 1 replies
    TPM ^ | 10-5-11 | Brian Beutler
    President Obama has made ending the Bush tax on incomes above $250,000 a year a top goal of his presidency. Republicans have predictably fought him at every turn, and used misleading statistics to characterize the plan as one that would cripple small businesses -- when in fact only sliver of the impact would fall on truly small businesses. Wednesday, those Republicans got a big, if unintentional, assist from Sen. Chuck Schumer (D-NY) -- a member of Democratic leadership, who has been a leading advocate for setting the threshold at $1 million in income. "There are people making 250, 300 [thousand...
  • Buffett: My plan was not the 'Buffett Rule'

    09/30/2011 8:15:02 AM PDT · by Sub-Driver · 42 replies
    Buffett: My plan was not the 'Buffett Rule' By Alicia M. Cohn - 09/30/11 11:01 AM ET Billionaire investment guru Warren Buffett, who has become the face of President Obama's $447 billion jobs creation legislation, said Friday that he might not agree with everything in the bill. Obama has called for higher tax rates on millionaires as part of his proposed deficit-reduction plan. Obama’s proposed tax increase, called the “Buffett Rule” in a nod to Buffett’s call for higher taxes on the wealthiest Americans, would apply to those earning annual incomes of $1 million or more. However, Buffett said he...
  • The President’s Deficit Plan ("president will be running for re-election as Nancy Pelosi instead.")

    09/20/2011 6:15:12 PM PDT · by neverdem · 13 replies
    NY Times ^ | September 19, 2011 | Ross Douthat
    Last week, in the wake of President Obama’s jobs speech, I wrote that the president seemed poised to campaign for re-election on an essentially centrist policy agenda: A short-term payroll tax stimulus, a plan for tax reform that would close loopholes while lowering corporate rates, and a long-term plan for deficit reduction modeled on the grand bargain that the White House and John Boehner were supposedly close to striking during the debt ceiling negotiations. The president’s goal in 2012, I suggested, would be to try to paint himself as the moderate bipartisan grownup, and dismiss the Republicans as extreme, intransigent,...
  • Hospitals, Drugmakers Lash Out At Obama Deficit Plan

    09/20/2011 6:29:45 AM PDT · by edpc · 6 replies
    Ruters via Yahoo News ^ | 19 Sept 2011 | David Morgan
    WASHINGTON (Reuters) - The U.S. hospital and drug industries lashed out at provisions of President Barack Obama's deficit reduction plan that would saddle them with more than $200 billion in federal healthcare spending cuts. Lobbyists vowed to fight proposals for Medicare, which covers the elderly, that are aimed at saving $135 billion on prescriptions by requiring drugmakers to provide steeper rebates similar to those for Medicaid, which covers the poor.
  • FACT CHECK: Are Rich Taxed Less Than Secretaries?

    09/20/2011 3:28:46 AM PDT · by edpc · 43 replies
    AP via Yahoo News ^ | 20 Sept 2011 | Stephen Olemacher
    WASHINGTON (AP) — President Barack Obama makes it sound like there are millionaires all over America paying taxes at lower rates than their secretaries. "Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that."
  • New Government Fees in Deficit Proposal Would Hit Airline Passengers, Military Retirees

    09/19/2011 4:38:18 PM PDT · by yoe · 25 replies
    Fox News ^ | September 19, 2011 | AP
    <p>It's not just millionaires who'd pay more under President Obama's latest plan to combat the deficit.</p> <p>Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased fees.</p>
  • Cost Of Obama's Jobs Bill 20 Times Greece's Deficit

    09/16/2011 4:19:49 PM PDT · by Kaslin · 10 replies
    IBD Editorials ^ | September 16, 2011 | MARK STEYN
    The president has taken to the campaign trail to promote his "American Jobs Act." That's a good name for it: an act. "Pass this bill now!" he declared 24 times at a stop in Raleigh, N.C., and another 18 in Columbus, Ohio, and the act is sufficiently effective that, three years into the Vapidity of Hope, the president can still find crowds of true believers willing to chant along with him: "Pass this bill now!" Not all supporters are content merely to sing along with the prompter-in-chief. In North Carolina, a still devoted hopeychanger cried out, "I love you!" "I...
  • Jobless Claims, Inflation Rise, Manufacturing Gets Weaker

    09/15/2011 6:10:15 AM PDT · by quesney · 57 replies · 1+ views
    CNBC ^ | Published: Thursday, 15 Sep 2011
    Applications for unemployment benefits continued to rise in the past week, while inflation pushed higher and a key manufacturing index weakened. Getty Images The weekly jobless claims number, which is closely watched as an indicator for employment trends, unexpectedly rose 11,000 to 428,000, well ahead of estimates of 411,000. The consumer price index, meanwhile, gained 0.4 percent when including volatile food and energy prices, after an increase of 0.5 percent in July. The so-called core CPI, though, gained 0.2 percent, which was in line with expectations. Consumers paid more for a range of goods and services last month, pushing up...
  • Obama Would Raise Taxes To Pay For His Jobs Bill

    09/12/2011 7:54:39 PM PDT · by edpc · 15 replies
    AP via Yahoo News ^ | 12 Sept 2011 | Erica Werner
    WASHINGTON (AP) — In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already emphatically rejected. The reception to his new proposal was no more welcoming, setting the stage for a likely new fight with Congress. Flanked at the White House by workers he said the legislation would help, Obama declared, "This is the bill that Congress needs to pass. No games. No politics. No delays." He sent it to Capitol Hill saying, "The only thing that's stopping it is politics."
  • President Rerun schedules another Rose Garden finger-wagging session

    09/12/2011 5:35:34 AM PDT · by opentalk · 14 replies · 2+ views
    Michelle Malkin ^ | September 12, 2011 | Michelle Malkin
    Time for President Obama to wake up and look like he’s doing something about jobs again! Today, he’ll take to the Rose Garden with “teachers, police officers, firefighters, construction workers, small business owners and veterans” —read Big Labor supporters with a few non-union tokens tossed in —as he wags his finger again at Capitol Hill to pass the jobs bill. Which, er, he’ll finally get around to sending to Capitol Hill later tonight. President Rerun will be quite busy this week, rehashing his warmed-over porkulus plan across the country. President Obama will again press Congress to pass his American Jobs...
  • Employers Say Jobs Plan Won’t Lead to Hiring Spur

    09/10/2011 1:57:53 PM PDT · by newzjunkey · 19 replies
    New York Times (via CNBC) ^ | Saturday, 10 Sep 2011 | 2:20 AM ET | Motoko Rich
    The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obama’s jobs plan — while welcomed — will change their minds any time soon. ... As President Obama faced an uphill battle in Congress to win support even for portions of the plan, many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved. Companies are focused on jittery consumer confidence, an unstable stock market, perceived obstacles...
  • Jobs plan may create 1 million jobs - economists

    09/09/2011 7:56:07 PM PDT · by MinorityRepublican · 67 replies
    CNN ^ | September 9, 2011 | Chris Isidore
    President Obama laying out his proposed jobs plan to Congress Thursday night. NEW YORK (CNNMoney) -- Economists gave generally positive reviews to President Obama's jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package. The payroll tax holiday for workers and small businesses was cited specifically for having a relatively good "bang for the buck." And that part of the plan may have the most bipartisan support. "This additional spending capacity in the hands of consumers should continue to foster improvements in aggregate domestic demand. And...
  • Obama to Send Congress “The American Jobs Act”

    09/08/2011 7:12:17 AM PDT · by Oldeconomybuyer · 61 replies
    ABC News ^ | September 8, 2011 | by Ann Compton
    This evening, President Obama will do more than call for job creation, he will announce he is sending legislation to Congress for quick action. “The president will unveil tonight The American Jobs Act, a plan of bipartisan ideas to create jobs right now and is fully paid for,” Communications director Dan Pfeiffer told ABC News. The final price tag is still being calculated but it could reach $400 billion, paid for by savings elsewhere in government. And it is crafted to appeal to Republicans who have control of the House, where all money bills must begin their legislative track. White...
  • Boehner: We’ll waive the Republican response to Obama’s jobs speech (Res Ipsa Loquitur)

    09/07/2011 11:24:30 AM PDT · by SeekAndFind · 133 replies
    Hotair ^ | 09/07/2011 | Ed Morrissey
    At one time, opposition parties had to demand air time for responses to presidential speeches given to joint sessions of Congress. Those mainly consisted of State of the Union rebuttals, because Presidents don’t normally ask for joint sessions except to speak on matters of high moment, such as declaration of wars or celebrating the end of them. Now, however, the rebuttal speech has become such a pro forma event that a waiver sends a message all its own (via the Drudge Report): Boehner spokesman Mike Steel said Obama’s proposals on Thursday “will rise or fall on their own merits,” suggesting...
  • GOP senator says Obama joint address won't leave much to respond to (GOP won't waste their time)

    09/07/2011 8:22:08 AM PDT · by markomalley · 78 replies
    The Hill ^ | 09/07/11 | Daniel Strauss
    There (sic) decision not to feature a singular response to President Obama's speech on job creation on Thursday shows that Republicans don't expect there to be much to respond to, Sen. Roy Blunt (R-Mo.) said Wednesday. "I suspect what it means is that the Speaker does not expect to hear much to respond to," Sen. Roy Blunt (R-Mo.) said on Fox News. "So far there's no indication that anything extraordinary is going to happen in what should be an extraordinary moment —calling a joint session of Congress to make new economic proposals after you've already been president for two and...
  • Sen. Sessions signals GOP will oppose Obama's $300 billion jobs plan

    09/07/2011 8:44:03 AM PDT · by maggief · 32 replies
    The Hill ^ | September 7, 2011 | Pete Kasperowicz
    Senate Budget Committee Ranking Member Jeff Sessions (R-Ala.) on Wednesday signaled that Republicans would oppose the $300 billion jobs plan President Obama is expected to unveil Thursday, saying that it would only put the U.S. further in debt at a time when the debt is already weighing on the economy. "There's no doubt in my mind that the debt that we've now incurred is already weakening our economy," Sessions said on the Senate floor. "It comes to a point that you can't keep borrowing in a futile attempt to stimulate the economy when the increased debt itself is weakening the...
  • Urgent Democratic vocab alert: Pelosi bans the S-word (stimulus)

    09/07/2011 7:41:42 AM PDT · by Oldeconomybuyer · 17 replies
    Los Angeles Times ^ | September 6, 2011 | Andrew Malcolm
    <p>Actually, it's understandable. And actually surprising that ex-House Speaker Nancy Pelosi (D-San Francisco) took this long. She must not be getting out much.</p> <p>Remember way back in 2009 when D.C. Democrats were promising that the $787-billion you-know-what program was going to start you-know-whating the economy almost immediately with those shovel-ready projects that were going to keep unemployment below 8%?</p>
  • Obama jobs plan to include $300 billion in tax credits, spending

    09/07/2011 1:34:18 AM PDT · by Cincinatus' Wife · 39 replies
    Los Angeles Times ^ | September 7, 2011 | Peter Nicholas, Washington Bureau
    Reporting from Washington— President Obama on Thursday will roll out a jobs package that strives to lift the ailing economy through $300 billion worth of tax credits, school renovation projects, job training for the unemployed and a program to prevent teacher layoffs, according to a person familiar with the administration's plans. In his speech before a joint session of Congress, Obama also will ask lawmakers to renew the 2% payroll tax cut that was approved in December and to extend jobless benefits, said the person, who requested anonymity to talk more freely about White House internal deliberations. The administration would...
  • Obama’s jobs speech will renew push for spending to boost economy (With what? WE'RE BROKE!)

    09/07/2011 4:34:18 AM PDT · by tobyhill · 15 replies
    washington post ^ | 9/7/2011 | By Zachary A. Goldfarb
    We’ve seen this image before: Barack Obama putting the final touches on an important economic speech calling for stimulus spending, job creation, infrastructure investment, assistance to those hit by the housing crisis and an extension of unemployment benefits. As the president prepares to deliver a pivotal address to a joint session of Congress on Thursday, it seems like a replay of the economic agenda he outlined when seeking the Democratic nomination. “To put Americans to work, we’ll create millions of new green jobs and invest in rebuilding our nation’s infrastructure,” Obama proclaimed in March 2008. “It’s an agenda that starts...
  • Poll illustrates California voters' anger

    09/06/2011 2:34:04 AM PDT · by Cincinatus' Wife · 21 replies
    Los Angeles Times ^ | September 5, 2011 | Shane Goldmacher,
    California voters are increasingly downcast about the direction of the country, but — like their leaders in Washington — many would rather adhere to party orthodoxy than compromise to address the current economic problems, a new USC Dornsife/Los Angeles Times poll shows. The findings offer little guidance for President Obama, who will unveil a jobs package this week that he hopes to push through a polarized Congress. Further troubling for the president: The survey results suggest that Republicans, even in deep-blue California, are winning the rhetorical war of words over how to frame the country's economic troubles, and how to...
  • Obama to propose $300 billion to jump-start jobs (payroll tax/unemployment benefits extension)

    09/06/2011 4:05:27 PM PDT · by NormsRevenge · 76 replies
    Yahoo ^ | 9/6/11 | David Espo and Jim Kuhnhenn - ap
    WASHINGTON (AP) — The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech. ... According to people familiar with the White House deliberations, two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total...
  • The Fatal Distraction (Calls for another stimulus)

    09/06/2011 8:58:16 AM PDT · by 2ndDivisionVet · 17 replies
    The New York Times ^ | September 4, 2011 | Paul Krugman
    Friday brought two numbers that should have everyone in Washington saying, “My God, what have we done?” One of these numbers was zero — the number of jobs created in August. The other was two — the interest rate on 10-year U.S. bonds, almost as low as this rate has ever gone. Taken together, these numbers almost scream that the inside-the-Beltway crowd has been worrying about the wrong things, and inflicting grievous harm as a result. Ever since the acute phase of the financial crisis ended, policy discussion in Washington has been dominated not by unemployment, but by the alleged...
  • Dems want Obama's job speech to contrast with GOP (throw compromise and civility out the window)

    09/02/2011 8:17:56 AM PDT · by Libloather · 23 replies
    Yahoo ^ | 9/01/11 | JIM KUHNHENN
    Dems want Obama's job speech to contrast with GOPBy JIM KUHNHENN AP – 15 hrs ago WASHINGTON (AP) — The tiff over the timing of President Barack Obama's jobs speech to Congress offers little hope that Republicans and the White House will now find common ground on how to reduce the nation's painfully high unemployment. In fact, some Democrats say it's time Obama stopped trying so hard to negotiate. On matters large and small, Obama has yielded to House Speaker John Boehner in a string of concessions that have unnerved Democrats and emboldened Republicans. A chorus of Democratic voices is...
  • Obama's New Jobs Program: Stimulus II or GOP Obstacle Course?

    08/31/2011 4:53:55 PM PDT · by EBH · 13 replies
    Fox News ^ | 9/7/2010
    Obama called for $50 billion more in infrastructure spending to rebuild roads, railways and runways -- a proposal that GOP leaders immediately cast as dead-on-arrival. Obama will also pitch a $100 billion proposal Wednesday to increase and make permanent research and development tax credits for businesses. Obama is expected to ask lawmakers to close tax breaks for oil and gas companies and multinational corporations to pay for the plan. The administration is also urging the Senate to pass the small business bill that calls for about $12 billion in tax breaks and a $30 billion fund to help unfreeze lending....
  • Government Could Create a Million Jobs, Obama Says

    08/30/2011 5:21:25 PM PDT · by 2ndDivisionVet · 61 replies
    The Wall Street Journal ^ | August 30, 2011 | Jared A. Favole and Carol E. Lee
    <p>As President Barack Obama prepares to pitch a new jobs plan to Congress, he said Tuesday there are steps the government can take that could add up to a million jobs to the U.S. economy and boost growth by 1.5%.</p>
  • Why Obama Can't Support A Real Jobs Program

    08/28/2011 3:24:12 PM PDT · by 2ndDivisionVet · 26 replies
    Forbes Magazine ^ | August 28, 2011 | Paul Roderick Gregory
    President Obama’s much-anticipated jobs speech will undoubtedly cover more of the same things that already haven’t not worked. He will propose an infrastructure bank, extension of unemployment and food stamps, promotion of green jobs, more government-corporate partnerships, and a one-year extension of the payroll tax reduction. He’ll advocate a second stimulus. He may be flanked by his jobs commission, headed by the CEO of General Electric, which earlier issued a lame interim jobs report. His speech will not be about jobs. Instead, it will be a campaign speech in disguise. Obama cannot propose a real jobs program. His constituents would...
  • Biden: more US stimulus needed, business mad at S&P

    08/26/2011 1:29:41 PM PDT · by RobinMasters · 10 replies
    Reuters ^ | August 26, 2011 | Jeff Mason
    Aug 26 (Reuters) - U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth. Concluding a trip to Asia that focused primarily on China, Biden also said a final decision had not been made on whether Washington would sell Lockheed Martin (LMT.N) F-16 fighter jets to Taiwan and noted Beijing knew America viewed its one-child policy as "abhorrent." Reacting to a leadership switch at the top of ratings agency Standard & Poor's after...
  • Porkulus II: Return of the Phony Jobs Boondoggle

    02/10/2010 3:45:52 AM PST · by Kaslin · 6 replies · 254+ views
    Townhall.com ^ | February 10, 2010 | Michelle Malkin
    Immutable law of Beltway political physics: The only real jobs that a government stimulus stimulates are government jobs. A year after President Obama signed his first almost trillion-dollar economic stimulus package into law, the federal workforce is at an all-time high. The nation's unemployment rate has swelled to 9.7 percent, but Washington's economy is thriving. More than 2.1 million government workers will be on the federal payroll by the end of 2010. The lobbying industry is booming. USA Today reports that 14 federal agencies have hired 3,000 workers to oversee stimulus spending and have spent nearly $190 million so far...
  • Democrats Scramble to Draw GOP Support for Jobs Bill

    02/05/2010 3:48:18 PM PST · by Justaham · 13 replies · 357+ views
    Fox News ^ | 2-5-10 | Trish Turner
    Senate Democrats are working hard behind the scenes to draw Republican support for their first official jobs bill -- a struggle forced upon Democrats by the GOP upset in Massachusetts this month that snatched away their filibuster-proof majority. Negotiations have been ongoing for weeks, as Democrats try to incorporate GOP ideas, like a popular package of tax extenders. Senate Finance Committee Chairman Max Baucus, D-Mont., while not expected to tackle any legislation in his own committee, has been working to get the support of his committee's top Republican, Chuck Grassley of Iowa, as well as other committee Republicans, like Orrin...
  • Most Americans Oppose Second Stimulus and Using Bailout Funds for States

    12/11/2009 8:44:31 AM PST · by reaganaut1 · 4 replies · 307+ views
    Rasmussen Reports ^ | December 8, 2009
    President Obama hopes to use money still unspent from the $787-billion economic stimulus plan to fight the nation’s 10% unemployment rate, and one of the ideas on the table is to channel money to states to keep them from laying off public employees. But a new Rasmussen Reports national telephone survey finds that just 22% of Americans favor providing federal bailout funds to states with serious financial problems. Fifty-eight percent (58%) oppose giving bailout money to financially troubled states. On top of that, 56% of Americans oppose the passage of another economic stimulus package this year. While House Speaker Nancy...
  • Health, climate bills seen to stifle hiring

    11/27/2009 3:00:52 PM PST · by FromLori · 16 replies · 737+ views
    Washington Times ^ | 11/26/2009 | Patrice Hill
    Costs a burden on businesses While President Obama and congressional leaders say they would like to do more to spur job creation, economists and business executives warn that their plans to impose new health care and climate-change costs on corporations would have the opposite effect. The initiatives, according to this analysis, are likely to overwhelm any positive impact on jobs from stimulus measures by giving businesses a reason to keep laying people off. The House's health care bill would raise the cost of hiring in a straightforward way: by charging businesses a new payroll tax of up to 8 percent...
  • Democrats Weigh Extending Key Parts of Stimulus

    10/03/2009 4:39:35 AM PDT · by reaganaut1 · 17 replies · 999+ views
    Wall Street Journal ^ | October 3, 2009 | Jonathan Weisman and John D. McKinnon
    White House officials and Democratic leaders in Congress on Friday said they were weighing extending key elements of the economic-stimulus program as the nation grapples with a deteriorating job market. Obama administration economists said they would like the enhanced unemployment-insurance program to extend beyond its Dec. 31 expiration date. They also want to maintain a program that offers tax credits to pay 65% of the cost of health insurance policies under the COBRA program, which allows laid-off workers to purchase the health plans they had through their previous employer. White House officials said they also are examining whether to extend...
  • Doubts About Obama’s Economic Recovery Plan Rise Along With Unemployment

    07/09/2009 5:10:59 AM PDT · by reaganaut1 · 33 replies · 1,339+ views
    New York Times ^ | July 8, 2009 | Edmund L. Andrews
    ... With unemployment already at 9.5 percent and likely to exceed 10 percent, much higher than White House officials predicted back in February, Mr. Obama has been facing attacks that his $787 billion stimulus program was either too timid or wrong-headed or both. Now, just five months after Congress agreed on the plan, with only a fraction of the money actually out the door, Washington is debating the need for a second round of stimulus amid economic and political crosscurrents. In Ohio, where unemployment is above 10 percent and where Vice President Joseph R. Biden Jr. will visit on Thursday,...
  • Obama Adviser: Deficit Likely Worse Than Planned (Laura Tyson)

    07/07/2009 7:57:32 PM PDT · by CutePuppy · 49 replies · 1,649+ views
    Dow Jones Newswires (subscription) ^ | July 07, 2009 | David Roman and P.R. Venkat
    The U.S. government's budget deficit will likely be wider than expected this year, a top White House adviser said Tuesday. Speaking at the Nomura Asia Equity Forum in Singapore, Laura Tyson, a member of President Barack Obama's Economic Advisory Panel, said the U.S. economy faces a worse situation than previously believed, and the deficit - already the widest since World War II - may surpass a previous projection of around 12% of gross domestic product. Tyson said her remarks represent her own views and not the administration's official position. ..... As to the size of this additional stimulus, she said...
  • Reid Slams Door on Second Stimulus, as Obama Leaves Options Open

    07/07/2009 4:48:25 PM PDT · by yoe · 52 replies · 4,615+ views
    Fox News ^ | June 7, 2009 | Major Garrett, Eve Zibel and Trish Turner
    Senate Majority Leader Harry Reid on Tuesday slammed the door on the idea of a second economic stimulus plan, even as President Obama suggested he's leaving the option on the table. The Nevada senator said Americans are only just beginning to realize the benefits of the Obama administration's first stimulus bill, which passed in mid-February, and he stressed that only 10 percent of the $787 billion package has made it to the states. "A little less than 90 percent still needs to be put out to the American people, and we're in the process of doing that. It's going to...
  • Oh my: Public opposes second stimulus this year by two-to-one margin

    03/11/2009 1:56:31 PM PDT · by Free ThinkerNY · 15 replies · 1,110+ views
    hotair.com ^ | March 11, 2009 | Allahpundit
    It seems like just yesterday that I was wondering if The One had miscalculated by expecting a bailout-weary public to support more than one gargantuan stimulus bill. Oh right — it was yesterday. Remember to emphasize confidence when you’re pitching this next one, Nancy. Just 27% of voters nationwide favor passage of a second economic stimulus package. The latest Rasmussen Reports nationwide telephone survey found that 55% are opposed and 19% are not sure. Despite the public opposition, 74% say it’s likely that Congress will try to pass another stimulus plan before the year is out. That figure includes 45%...