reason.com - 2/11/2009
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Yesterday, the United States Senate passed a sweeping $800 billion stimulus plan that President Barack Obama says he would like to sign into law as soon as possible. There is no disagreement, Obama has declared, that we need action by our government, a recovery plan that will help jump-start the ...
washingtonpost.com - 2/7/2009
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washingtonpost.com —
The centerpiece of President Obama's domestic agenda is
an $819 billion economic stimulus plan. The Senate will...
consider the measure this week, with an eye toward the amount of tax cuts and spending. Republicans and Democrats spar over what to ...
(more)
Taking Apart the $819 billion Stimulus Package
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The Reason.com Stimulus Symposium
CARPE DIEM —
Yesterday, the United States Senate passed a sweeping $800 billion stimulus plan that President Barack Obama says he would like to sign into law as soon as possible. “There is no disagreement,” Obama has declared, “that we need action by our government, a recovery plan that will help jump-start the economy.” Reason.com asked a panel of 10 leading economists for their response to the stimulus package.
Will Stimulus Become a $3 Trillion Nightmare?
CARPE DIEM —
From comments in the Reason.com Stimulus Symposium: Like all fiscal stimulus packages in the past, the current one will not impact the economy at the right time for the intended stimulus effect, due to the inevitable problems of long lags. Much of the intended expansionary fiscal effects won't happen until next year and even 2011, and it's likely the economy will have recovered sufficiently by then so that the fiscal stimulus will be unnecessary, and might actually be destabilizing. The graph below from the Cato ...
Online symposium
Liberalism-Capitalism-Globalisation: JohanNorberg.Net —
In a Reason.com Stimulus Symposium I explain what I think about Obama's fiscal stimulus, and so do Robert Higgs, Megan McArdle, William Niskanen and others.
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Stimulus for Who?
safehaven.com 1/27/2009 — This week the House is expected to pass an $825 billion economic stimulus package. In reality, this bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract ...
Martin Feldstein - The Current Stimulus Plan: An $800 Billion Mistake
washingtonpost.com 1/29/2009 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
Stimulus Watch: Web Watchdog for the Stimulus Package
businesspundit.com 2/12/2009 — StimulusWatch is a new wiki that uses online feedback to hold the government accountable for its elephantine stimulus package. From the website :
StimulusWatch.org was built to help the new administration keep its pledge to invest stimulus money smartly, and to hold public officials to ...
Will Stimulus Become a $3 Trillion Nightmare?
cato-at-liberty.org 2/12/2009 — A huge threat from the $800 billion stimulus plan in front of Congress this week is that much of the spending may morph into a permanent expansion of government. If the bill is signed into law, lobbyists will immediately start pressing for the ...
Stimulus Package Unveiled
online.wsj.com 1/16/2009 — [House Democrats Unveil Stimulus Package] Getty Images A key element identified by President-elect Obama has been to spend money improving the efficiency of the federal government.
Stimulus or Carpe Diem? The New Deal Wasn't a Stimulus Package Either
austrianeconomists.typepad.com 1/27/2009 — 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. ...
Blame It on the Keynesians —
The Big Money 2/11/2009
In Part 1 yesterday , Adam Davidson and Alex Blumberg looked at the life and economics of John Maynard Keynes. Today, in Part 2, Keynes' legacy gets shattered by the challenges of the 1970s and '80s. But in recent months, an unprecedented number ...
More Gloom, Please —
The Big Money 2/11/2009
In the past week, the stock market reacted erratically to two huge government actions intended to shore up economic confidence. As this five-day chart of the Dow Jones industrial average shows, stocks rallied last Thursday and Friday as a deal ...
The Job Creating Machine —
The Big Money 2/13/2009
"The macroeconomic impacts of any economic stimulus program are very uncertain." So begins a recent Congressional Budget Office report on the economic impact of the nearly $800 billion stimulus package soon to become law. The report's noncommittal ...
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