Today, the president will unveil his proposal to deal with the mortgage/housing crisis. At least from the initial reports, my first take is: it’s not enough. And that seems to be the general problem with the way in which the Administration is handling the economic collapse. Things to consider: 1.4 trillion–that’s TRILLION–in household […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Stimulus"
$16 Billion=One Million Jobs Saved
Posted on 10 February 2009.
Strap yourself in here because to get to the satisfying end, you’ll have to channel your inner numbers wonk. But, here’s the story: we can save ONE MILLION JOBS by investing about $16 billion. Save jobs…not just create new ones to try to re-employ people. And it would be fast, immediate and efficient. As […]
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Deflation?
Posted on 17 January 2009.
One of the reasons to get the stimulus package through Congress very fast–without tax cuts, I might add–is this, from The Wall Street Journal: U.S. consumer prices barely rose last year by their slowest pace in over a half century, a government report showed, a stunning turn just a few months after inflation hit […]
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Tax Cuts Aren’t The Solution
Posted on 06 January 2009.
Well, welcome back to all who have been kicking back for the past few days, including yours truly. This year is going to be quite interesting–and, unfortunately, not a happy one as far as the economy goes, or so I’m guessing. I’m not going to spend much time today on prognostications–I saw a bunch […]
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China Antes $586 Billion: Now THAT’s A Stimulus Package
Posted on 10 November 2008.
I’m breaking my no-weekend blogging rule for this: How about this for an example of what to do to get an economy going? China’s answer: $586 billion. From The Wall Street Journal: SHANGHAI – China’s government announced a two-year stimulus exceeding a half-trillion dollars to offset the impact of slowing global growth and […]
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Stimulation Shouldn’t Be Focused On Short-Term Pleasure…
Posted on 11 October 2008.
Sounds like one of those spam emails you get, huh? Well, it feels like the members of Congress operate that way. People keep talking about stimulus as a way of stemming the financial global meltdown (um, it might be rough again today–foreign markets all plunged deeply and the Dow futures is showing a huge […]
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Stimulus Misdirection
Posted on 08 January 2008.
In the past few days, there has been mounting discussion in the political class about some sort of "stimulus package" that should be conjured up in Congress to try to bolster the economy. Today, for example, The Wall Street Journal has this: Amid concern about the economy, House and Senate Democrats are preparing legislation […]
Posted in General InterestComments (0)
Stimulus Misdirection
Posted on 08 January 2008.
In the past few days, there has been mounting discussion in the political class about some sort of "stimulus package" that should be conjured up in Congress to try to bolster the economy. Today, for example, The Wall Street Journal has this: Amid concern about the economy, House and Senate Democrats are preparing legislation […]
Posted in General InterestComments (0)
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