Archive » fiscal stimulus

Not going anywhere for a while?

**Written by Doug Powers Privately, DC Democrats like Harry Reid know they need and even depend on the rich, but publicly they reject them like red-heads at Danish sperm banks. That is unless they’re like Warren Buffett and play along in the “wink wink, nudge nudge” sense. Reid spoke earlier about President Obama’s “jobs plan” [...]

**Written by Doug Powers Learning that Solyndra investors were placed ahead of taxpayers when it comes to who gets paid back in the event of a loan default wasn’t a big surprise. After all, the auto bailouts were also structured in a way so that the unions were taken care of first with taxpayers stuck [...]

Paths to prosperity

“All aboooard!… again…”

**Written by Doug Powers This has to be the headline of the day: From WTVD: The company’s CEO introduced the President before his speech around 12:30 p.m. Obama talked about his proposal to pay for the plan by raising taxes on big corporations and the wealthy, an idea that has not sat well with Republicans [...]

My syndicated column today expounds on the green phony, crony capitalism that has flourished — and flopped — in the Age of Obama. The latest developments breaking in the Solyndra scandal last night? Obama’s White House tried to rush the $535 million loan review, prompting complaints from financial officials. The White House, naturally, denies any [...]

If the trend in this chart occurred under the Bush administration, you know it would end up as a Koward Krugman NYT blog post under the headline “Bush’s War on Poor People.” Via Justin Hart, the data:

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 [...]

**Written by Doug Powers From the “Imagine the media reaction if Sarah Palin or Michele Bachmann had said this” file we find the transcript from President Obama’s “jobs speech” Thursday evening in which he briefly strayed from his teleprompter to add five words: We all remember Abraham Lincoln as the leader who saved our Union. [...]

Back burner

Change Change!

There’s “Take Your Daughter to Work Day.” Now, here’s a clever twist that all GOP politicians who are attending President Obama’s Redundant Festival of Failed Spending Orgies should join: “Take an Entrepreneur to Capitol Hill Day.” GOP Rep. Marsha Blackburn of Tennessee is taking Nashville-based Gibson Guitars CEO Henry Juszkiewicz, via the Memphis Daily News: [...]

**Written by Doug Powers Tomorrow night, President Obama is expected to announce a $300 billion “jobs plan” (the “stimulus” that dare not speak its name). After the speech, Republicans will either be busy tailgating before the game or would rather let Obama’s “let’s try the same stuff and hope for a different result” approach serve [...]

**Written by Doug Powers Does this mean goodbye “stimulus,” hello “kinetic wealth redistribution action”? Well, the image makeover probably won’t be that honest. In the used car lot of failed government programs, this sales technique is known as “same lemon, different paint job: Rep. Nancy Pelosi (D-Calif.) and House Democrats have dropped the word “stimulus” [...]

“Definition of insanity” – Example #3,648

**Written by Doug Powers During President Obama’s upcoming job speech, if you do a shot whenever you hear the words “invest in clean energy” you’ll be asleep before the teleprompter’s internal cooling fan kicks into action. Not that it was necessary, but here’s yet another reason to be extremely wary of that repeated green clarion [...]

**Written by Doug Powers Would it surprise you to learn that, as a replacement for outgoing economic jokester (and he also dabbles in stand-up comedy) Austan Goolsbee, President Obama plans to nominate a more conservative supply-side economist? Of course it would surprise you… but that’s not what’s going to happen. Instead, the “clunkers for clunkers” [...]

**Written by Doug Powers “Plug” is the word Reuters used, so it’s possible they have a better sense of humor than I originally thought, but in any case, here’s a good head-shaker to kick off your weekend: Aug 26 (Reuters) – U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus [...]

Natural disaster stimulus?

Definition of insanity

Same old sales pitch

Job creation is a SNAP!

It’s a Keynesian cookbook!

Road trip!

**Written by Doug Powers Confident? Me neither. Bloomberg: Federal Reserve policy makers may start weighing additional steps to prop up the recovery after growth fell below 1 percent in the first half of this year and economists began cutting second-half growth forecasts. “At a minimum, the FOMC will have a serious debate about the policy [...]

**Written by Doug Powers It was just under two and a half years ago that President Obama said that if the economy hasn’t turned around within three years, he’d be a one-termer. White House Dossier reminds us that there are now just over six months to go until the clock runs out by Obama’s estimate. [...]

**Written by Doug Powers This morning the Department of Labor released a dismal June jobs report, and guess what word the story contains: U.S. employers added 18,000 workers in June, less than forecast and the fewest in nine months, while the unemployment rate unexpectedly climbed, indicating a struggling labor market. The increase in payrolls followed [...]

The cost of getting wired

**Written by Doug Powers As Jeffrey Anderson at the Weekly Standard pointed out, the White House releasing a fiscal report on the Friday before a long holiday weekend can only mean one thing: There’s not much good news in it for the White House, and, ergo, taxpayers. Such is the case with the White House [...]