Forget everything bad you’ve ever heard about President Barack Obama’s $787 billion economic stimulus. Combing through the data on the $18 million Recovery.gov website, you’ll find tons of Obama stimulus success stories from across the country. In Minnesota’s 57th Congressional District, 35 jobs have been saved or created using $404,340 in …
Last year, with Michigan Governor Jennifer Granholm standing by his side, President-elect Barack Obama proclaimed the importance of rapidly passing a stimulus package, described his intense focus on job creation, and noted that a new president can have an “enormous impact” on the economy. This week, The Detroit Free Press …
Don’t look now, but there’s no independent Inspector General at the Federal Housing Finance Agency — which is responsible for overseeing federally-run finance giants Fannie Mae and Freddie Mac. As reported in the Huffington Post of all places, the former Inspector General, Ed Kelley was relieved of his duties in …
President Obama’s trip to Asia this week comes at a critical economic time for American workers. With unemployment eclipsing 10 percent, it’s clear that the stimulus package passed by Congress has so far proven ineffective in getting Americans back to work. Free trade, a pillar of economic recovery that has …
The budget shortfalls, plunging revenue, and economic woes plaguing near-broke California could foretell the future of other cash-strapped states. A new study by The Pew Center on the States found that the economic pressures that pushed California to the brink of a total economic meltdown are also found in nine …
The Wall Street Journal reports: The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue. The administration wants to keep some of the unspent funds available for emergencies, but is …
When President Barack Obama was pitching his $787 billion economic stimulus package, the White House produced a report claiming their plan would keep unemployment under a peak of 8%. Reality has not been kind to President Obama’s promises. On November 6, the Bureau of Labor Statistics released their Employment Situation Summary …
