Tuesday, January 27, 2009

The Stimulus Time Machine

"The stimulus bill currently steaming through Congress looks like a legislative freight train, but given last week's analysis by the Congressional Budget Office, it is more accurate to think of it as a time machine. That may be the only way to explain how spending on public works in 2011 and beyond will help the economy today.

According to Congressional Budget Office estimates, a mere $26 billion of the House stimulus bill's $355 billion in new spending would actually be spent in the current fiscal year, and just $110 billion would be spent by the end of 2010. This is highly embarrassing given that Congress's justification for passing this bill so urgently is to help the economy right now, if not sooner.....

Friday, January 23, 2009

Investors Want Clarity Before They Take Risks

"Obama could calm markets with some swift policy moves and reassuring words."

The World Won't Buy Unlimited U.S. Debt

"We're asking others to sacrifice for our 'stimulus.'"

Wednesday, January 7, 2009

Boost Private Investment to Boost the Economy

"Excessive spending is what got us into this mess in the first place."

Tuesday, January 6, 2009

Feel Like a Trillion Bucks

"Only WWII was pricier than Obama's stimulus plans."