The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs. Yet the CBO’s calculations are not based on actually observing the economy’s recent performance. Rather, they used an economic model that was programmed to assume …
As we reported in today’s Morning Bell, ABC News reports that despite massive amounts of stimulus funding being spent on wind farms—nearly $2 billion—the vast majority (80%) of it has been spent on overseas companies. ABC contacted Russ Choma at the Investigative Reporting Workshop who suggested that the project has resulted in …
Rep. Ed Whitfield (R-KY) has proposed a novel way to strengthen the House Pay-As-You-Go (PAYGO) rule. PAYGO – which requires that all legislation expanding entitlements or cutting taxes be fully offset – has been exposed an ineffective gimmick. PAYGO exempts discretionary spending increases (which comprise 40 percent of the budget) …
From the Associated Press: PORTLAND, Ore. – How much are politicians straining to convince people that the government is stimulating the economy? In Oregon, where lawmakers are spending $176 million to supplement the federal stimulus, Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program’s …
Today’s Wall Street Journal reports that investment in renewable energies, and the green jobs that go with it, is being stifled by the stimulus. How? No one knows where, when, or if the stimulus money from Washington will arrive, sowing uncertainty among investors and businesses alike: New incentive programs haven’t …
In January, President Obama pressed for an $800 billion economic “stimulus” package to turn the economy around. Though the bill largely consisted of increased spending on traditional liberal priorities, the President claimed that it would “create or save” 3.5 million jobs. The President’s economic advisors predicted that unemployment would rise …
Why Government Still Doesn’t Have the Solutions Political irony has experienced a profound illustration in the early days of the Obama administration. Seldom has a president rendered such thoughtful tribute to a predecessor whose values his every legislative effort was certain to undermine. Case in point: Two events on Capitol …
[youtube]http://www.youtube.com/watch?v=QKzZJoPu1OQ[/youtube] Some worried D.C. schoolchildren recently asked President Obama to continue the highly successful D.C . Opportunity Scholarship Program. The program, which allows parents the choice to to take their children out of failing public schools, is in danger of being scrapped completely after the 2010 school year. Ignoring the pleas …
Washington – Michigan Congressman Dave Camp raised doubts and highlighted confused realities of the Democrat Spending Bill at today’s Conservative Bloggers’ Briefing, held at the Heritage Foundation. Camp compared provisions in the Spending Bill and the recently passed SCHIP Bill, calling their contradictions ‘absurd.’ “You’re too rich to get a …
Bill Beach recently appeared on Bloomberg TV to debate with Will Straw from the Center For American Progress on what should be done with the new Stimulus bill. [youtube]http://www.youtube.com/watch?v=uwbcMUcaZ_w[/youtube] For more information on the Stimulus bill, visit our new “Rapid Response” page on the Economic Stimulus
