Stimulus

Rep. Steny Hoyer (D-Md.) made a blatantly inaccurate statement on the "Daily Rundown" this morning that MSNBC anchor Chuck Todd should have, but failed to, call the House minority whip out on. "We went from a $5.6 trillion surplus that George Bush inherited to over a $11-plus trillion debt when George Bush left office," asserted Hoyer.

Despite Obamanomics' failure to stimulate the economy, Nobel laureate Paul Krugman still believes Washington can solve all that ails us if we would just spend more money we don't have. Toward that end, the avowed liberal in his Monday New York Times column called for a new New Deal-like program to hire unemployed people to - wait for it - repair roads:

Lawmakers from both parties are calling for a fix to prevent tax cheating companies from getting federal contracts in light of a government investigation that found $24 billion in stimulus act funds went to companies owing $757 million in unpaid taxes. “Average Americans are likely wondering why we gave such a huge amount of federal money to tax cheats when our national debt is more than $14…

"Thousands of companies and nonprofits that received funds from the Obama administration’s economic stimulus program owe hundreds of millions of dollars in unpaid taxes, according to estimates in a new government report." That's how Washington Post staffer Ed O'Keefe opened his May 24 story on the matter. It's just a shame that the article was buried on page A19:  

If you had any questions as to why Dylan Ratigan belongs on MSNBC rather than CNBC they were all answered Friday night. Appearing on HBO's "Real Time," Ratigan presented himself as a far-left commentator telling the audience of devout liberals, "This entire rhetoric machine from the Republican Party is predicated on an abandonment of arithmetic and fact" (video follows with transcript and…

Earlier today, NB's Tim Graham noted that the establishment press has given the silent treatment to a study by Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State University showing that the stimulus plan passed in February 2009 was a major net economic loser. In the first paragraph of the study, the authors revealed their core estimate that  the American Recovery…

On the front page of Wednesday’s Investor’s Business Daily, reporter David Hogberg reported that a new study found President Obama’s “stimulus” plan “may have destroyed or forestalled employment, including more than 1 million private-sector jobs.” Destroyed or forestalled? Our media only cites studies which estimate the number of jobs Team Obama “saved or created.” Economists Timothy Conley…

When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle. Consider what New York Times columnist Paul Krugman wrote Monday:

Chris Matthews Wednesday actually asked Ron Reagan, "Did [your father] really believe if you lowered the tax rates the government made more money?" Frankly, I'm not sure which was more absurd - the question or the answer (video follows with transcript and commentary):

New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession." In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":

Early each month, the Congressional Budget Office (CBO) issues its "Monthly Budget Review." Its purpose is to estimate and comment on the federal government's budget results for the previous month a few days before the Treasury reports its official results. CBO's most recent review, issued on Friday (2-page PDF), estimates that Uncle Sam's outlays during April amounted to $330 billion. If…

The April jobs report showed 244,000 job gains, “surprisingly strong” numbers according to the Kansas City Star. Many national news outlets reported that jobs number as well as the rise in unemployment rate back to 9 percent in their headlines immediately reacting to the news. CNBC initially suggested that the unemployment rate “ticked” up because of higher participation in the labor force,…

Economic growth in the first quarter was an abysmal 1.8 percent.  Last week, initial jobless claims increased by 25,000 from the previous week, up to 429,000.  The Federal government borrows $188 million an hour, or over $52,000 a second, just to keep up with President Obama's spending demands.  Despite almost a trillion dollars for Obama's and the Democratic Congress's stimulus, unemployment…

If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget." In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the…