Submit a Story!
Stimulus or Carpe Diem? The New Deal Wasn't a Stimulus Package Either
One of the (correct) complaints about the proposed stimulus plan is that it's full of all kinds of programs that would appear to have nothing to do with any accepted economic theory about what sorts of spending could even possibly lead to recovery. The best example of this is the funds for ...
Does Stimulus Stimulate?
forbes.com — In a few weeks, Congress will likely enact the largest fiscal stimulus legislation in history. Surprisingly, the... whole idea of such a stimulus is much more controversial among A-list economists than I would have expected, given the depth and breadth ... (more) Does Stimulus Stimulate?
Stimulus Bill Near $900 Billion
Stimulus Bill Near $900 Billion
online.wsj.com — [stimulus] See how some of the major stimulus spending will be shared by the states.... (more) Stimulus Bill Near $900 Billion
House Passes Obama’s Stimulus Package
House Passes Obama’s Stimulus Package
nytimes.com — The House voted, 244-188, for President Obama’s $819 billion plan meant to jump-start the economy out of... its worst crisis in decades. > (more) House Passes Obama’s Stimulus Package
Comments
Blog Reactions

Is the Stimulus Package Obama’s Patriot Act?
TRUTH ON THE MARKET — ... to extend the state’s role in the economy and in our personal lives, and to do so at enormous cost to us, and to our children and grandchildren. Let’s challenge the rhetoric of fear and crisis and name this for what it is: the current majority’s attempt to do exactly what the Bush Administration did post-9/11, which is to use fear and crisis to pass programs that will impoverish us and curtail our freedoms, and to do so with the minimum of serious debate possible. Go read the whole thing .

Crisis and Leviathan
Mises Economics Blog — ... and Steve Horwitz that Obama's "stimulus" package is another example of the Higgs effect. Just as the Bush Administration and its house intellectuals seized the opportunity of the 9/11 attacks to stoke public fear of terrorism, all to bully opponents into supporting its "War on Terror," both the Bush and Obama Administrations have taken advantage of the recession (and the much needed credit-market correction) to stoke public fear of a global economic collapse, all to bully opponents into supporting a major expansion of the state. Just as the USA Patriot Act had little to do ...

Stimulus Package = The Dems’ PATRIOT Act
Cato @ Liberty — ... That’s what Steve Horowitz says here.  Like the PATRIOT Act, it’s a preexisting wishlist of initiatives being rammed through in an atmosphere of hysteria. Where the Obama administration has, to its credit, ...

Biden’s Shock Doctrine
Cato @ Liberty — ... The Bush administration used crisis tactics, too, of course, ramming through the Patriot Act, the nationalization of airport security personnel, the creation of the Homeland Security Department, and the war in Iraq after the shock of 9/11 and a bevy of bailouts during the economic crisis. As Steve Horwitz wrote: ...

Related: the new deal vs stimulus package
WSF Headline Roundup - 1/29/09 - China blames U.S. for recession & rethinks investments here; Stimulus package passes; Credit Unions rescued; $BAC board backs Lewis; $F loss; More firms cut jobsWall Street Folly
Chinese Premier Blames Recession on U.S. Actions Beijing Rethinks Some of Its American Investments U.S. House Passes Obama’s $819 Billion Stimulus Plan Credit Unions Get U.S. Rescue BofA Backs CEO Lewis; Tension High Merrill Bonus Case Widens as Deal Struggles...
Fiscal stimulus package will contain at least $275 billion in tax cutsBloggingStocks
The Obama administration's proposed $825-850 billion fiscal stimulus package will contain a great deal of tax cuts, and the reason is timing. That's timing as in 'impact on GDP' and 'political timing,' so says economist Richard Felson. Tax cuts galore The stimulus package will contain at ...