Stimulus

In an item which still has a breaking news tag, Josh Funk at the Associated Press (saved here for future reference, fair use, and discussion purposes) call retiring Nebraska Senator Ben Nelson a "centrist," and almost seemed to mourn over "an increasingly polarizing climate" which made it clear that Nelson's reelection would have been a steep uphill fight. Of course, there was no mention of the…

George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years. During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows…

Despite a massively expensive 2009 stimulus program, high unemployment and a sluggish economy have been trademarks of the Obama administration. The goal of the stimulus was to create shovel-ready jobs, with, according to top Obama economic advisor Larry Summers, a "targeted," "temporary," and "timely" scope. As many predicted, the stimulus failed to produce the Keynesian results it promised.…

In its Monday afternoon coverage of the Congressional battle over extending the payroll tax cut, CNN repeatedly emphasized a Democratic advantage and claimed that the Democrats are acting like "conservative Republicans." Political analyst Gloria Borger even gave the Democratic talking point that the party roles on tax cuts have been switched. "You know, if you're a true believer, and you're a…

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk." On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather…

On Monday's NBC Rock Center, host Brian Williams took time to update viewers on the latest political news, "And if you want to guess how dirty this campaign will be, listen to this Romney ad....Romney's spokesperson said they're not going to take their foot off the gas." Williams played a clip of President Obama from the ad: "If we keep talking about the economy, we're going to lose." He…

On Wednesday's NBC Today, co-host Matt Lauer interviewed Obama advisor David Plouffe and promoted liberal concerns that the administration had not pushed enough government economic programs: "Even the Democratic Mayor of Scranton, Christopher Dougherty, says that he'd hoped for more federal help under this Democratic administration, and it hasn't come." Lauer further detailed Dougherty's…

You knew this was coming. Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:

The dictionary definition of "stimulate" relevant to a nation's economy is "to rouse to action or effort." We still have journalists who gullibly relay the notion that extending unemployment benefits and increasing entitlement programs will "rouse" the economy "to action of effort," despite almost three years of evidence that such is not the case. One of them is Andrew Taylor, a writer for…

You would think that a story headlined "GOP says Energy Dept. tried to delay solar layoffs" would have a quote or two from a Republican Party spokesperson, politician, candidate or even a rank-and-file party member alleging that, well, the Energy Department tried to delay layoffs at now-bankrupt Solyndra. It doesn't. The "trifling" matter clearly didn't concern the headline writer at the…

"The Obama administration urged the now-bankrupt solar-energy firm Solyndra and its top investor to hold off announcing planned layoffs in 2010 until after the Nov. 2 elections, according to e-mails released by House Republicans on Tuesday," Amy Harder of National Journal reported this morning:

The bipartisan debt panel to nowhere is exactly where K Street lobbyists want it to be: hopelessly deadlocked. A November 23 deadline for agreement on $1.2 trillion in budget savings is looming, but no real reductions in the size, scope or spending of government are on the table. Instead, we are witnessing another obscene special-interest splurge to preserve the status quo. All in the name of "…

It's truly delicious when the outfit which calls itself the Essential Global News Network essentially admits that a certain economic theory which begins with a "K" has become such an undesirable word -- almost an epithet -- that it avoids its mention. That was the case with a pathetic critique of GOP candidates' economic plans written up by the wire service's Charles Babington on Sunday. When…

Energy Department Inspector General Gregory Friedman testified before a congressional committee yesterday that the department was "ill-equipped to quickly distribute billions of dollars in economic stimulus funding," reported the Washington Post's Ed O'Keefe in the November 3 paper. "Friedman's testimony was meant to summarize more than 100 investigations conducted by his office into Energy's…