Financial Times Calls for US Fiscal Stimulus NOW

The socialists editors at the Financial Times are calling on the US to execute a large fiscal stimulus program. Pessimists have been forecasting runaway inflation since the start of the financial crisis in 2008. Clearly the markets do not agree. US Treasury yields continue to plummet – last week the…

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The ARRA Worked, It Worked Well, and It’s Still Working

The blathering in the right-wing echo chamber that the “stimulus” didn’t work continues to defy both logic and facts.  The logic that G is an important part of GDP (where GDP = G + I + C + NetE) continues to confuse them.  And the facts are that more people are employed…

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Governor Walker, Would you like Syrup with your Waffles?

This stuff just writes itself sometimes.

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When Economic Forecasts Go Horribly, Horribly Wrong

In 2008 when President Obama assembled his economic team to help deal with the growing financial crisis, even their worst nightmare scenario woefully underestimated the depth of the economic collapse.  Their failure is now our failure.

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Evidence – Based Economics

The topic of the week here was economics, where Zach asked if we need another stimulus or if spending cuts are enough. Economist Dean Baker recently weighed in on this topic with a not so kind to President Obama essay, where he points out that exactly what we need is…

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This won’t help…..

Reince Priebus, has been gaining steam in his race against his good friend Michael Steele. Think Progress has a detailed story today on Reince and while pointing out his “gaffes” like calling for the \"execution\" of the president(of which he never apologized). They also dug a little deeper to his…

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That’s Capital – H Y P O C R I T E S

I was going to comment on this, but words do not do it justice. There is nothing I could add to this, the pure hypocrisy speaks for itself:

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My wallet is a little heavier this year…

As the New York Times points out, thanks to President Obama and the successful stimulus bill, 95% of all Americans received a tax cut this year. Unfortunately the republicans who have been campaigning hard against the stimulus bill, and are set to take Congress back over, apparently do not think…

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Infrastructure

Yesterday President Obama called for a $50 Billion dollar investment in America! Channeling the ghost of F.D.R., and called for a sorely needed, \"fundamental overhaul\" of our nations infrastructure. So we’re already paying for our failure to act. And what’s more, the longer our infrastructure erodes, the deeper our competitive…

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Second Stimulus…

Today in the NY Times, Laura Tyson, a professor at the Haas School of Business at the University of California, Berkeley has her take on why we need a targeted second stimulus. Here are some highlights: * The conventional wisdom about the stimulus package is wrong: it has not failed….

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