stimulus

Isaiah J. Poole's picture

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State Budget Cuts Will Worsen Economy

By Isaiah J. Poole
June 9th, 2008

Twenty-nine states and the District of Columbia face a combined budget shortfall of about $48 billion in their 2009 budgets, which in most states take effect in July. Already, state and local governments modestly trimmed jobs in the past year, but to close the looming shortfalls states will have to make more dramatic job cuts, and program and project cuts will have ripple effects in the private sector as well. This will worsen economic conditions in states that are already struggling economically, including Arizona, California, Illinois, New Jersey, New York and Rhode Island. Congress should pass an aid package to states that will help them balance their budgets without deepening the recession.

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Isaiah J. Poole's picture

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Obstruction Again: GOP Minority Blocks Stimulus

By Isaiah J. Poole
February 7th, 2008

Fight Back Against Republican ObstructionismOnce again, an obstinate Republican minority in the Senate vetoes the majority will, this time on a stimulus package that had bipartisan legislative and broad public support. Over the past year, we've documented the routine use of the filibuster by the Republican minority to block measures supported by the Democratic majority and a majority of the American public. more »

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David Sirota's picture

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Max Baucus, American Hero

By David Sirota
January 30th, 2008

Thank the Lord for Sen. Max Baucus, the Senator from Montana - a state that is among the poorest in the nation. more »

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Roger Hickey's picture

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The Private Sector: Too many imports could spoil stimulus plan

By Alan Tonelson and Sarah Linden
From post-gazette.com
January 29th, 2008
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Submitted by Roger Hickey

post-gazette.com — Before Fed Chairman Ben Bernanke decides on the next interest rate cut to stimulate the economy and head off a recession, he really needs to listen to ... Ben Bernanke. Mr. Bernanke made clear in testimony that American stimulus no longer encourages much more American production.

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Andrea Batista Schlesinger's picture

The More Americans Demand Change, The More The State Of The Union Address S

By Andrea Batista Schlesinger
January 29th, 2008

DMI’s Rapid Response to the 2008 State of the Union more »

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David Sirota's picture

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Senate Making "Stimulus" Better and Worse?

By David Sirota
January 29th, 2008

I've already written about why the current "stimulus" package is bad - but it seems like Senate Democrats mig more »

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The Stimulus Swindle

By David Sirota
January 25th, 2008

Whenever Washington starts patting itself on the back—whenever politicians of both parties start praising each other on an economic issue—hold onto your wallet, because you are about to get fleeced. That's precisely what happened during the debate over the economic "stimulus" package. more »

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The Economic State Of The Union: The Price of Failed Ideology

By Charles McMillion
From manufacturingnews.com
January 25th, 2008
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Submitted by OurFuture.org Staff

manufacturingnews.com — 2008 will be the ninth consecutive year the U.S. economy— locked into a failed, 30-year-old ideology of deregulation and debt—grows slower than the world's growth while China grows more than three times faster.

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Isaiah J. Poole's picture

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A Wimpy Stimulus Compromise

By Isaiah J. Poole
January 24th, 2008

The early reviews are in on the economic stimulus plan that has emerged out of talks between the White House, House Speaker Nancy Pelost and House Minority John Boehner. And they are not kind. more »

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Stimulus Package Needs Big Thinking

CONservative Spin:

“As President Bush says, a stimulus package should be built on broad-based tax relief that will directly affect economic growth, not federal spending that would have little immediate impact on our economy. And it should not include any tax increases. ”
Isaiah J. Poole's picture

CAF STAFF

PROgressive Response:

By Isaiah J. Poole
January 23rd, 2008
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So-called "broad-based tax relief" earlier in President Bush's term helped widen the economic gap between low- and middle-income Americans and the rich, and—combined with runaway spending on the Iraq war—makes it almost impossible to pay for the government programs that could cushion the blow of a recession for those most vulnerable. What's really needed is a more targeted tax policy for working-class people; a spending program that helps rebuild the nation's public assets, like roads, bridges and schools; and aid to state governments, whose tax bases are shrinking dramatically because of the mortgage crisis. Groups like the Economic Policy Institute have a plan that would be about the size of the stimulus package that President Bush is proposing, but would be much more effective in helping the economy truly recover.

 Source

http://www.epi.org/content.cfm/bp210

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