Archive for Stimulus

Mar
24

Sound Familiar?

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Kennewick, WA cable bridge and Vietnam Memorial (Wiki Commons)

What’s the matter with eastern Washington state? asks Danny Westneat in his Sunday column at the Seattle Times. It seems that out east of Seattle people really hate their government. Even though the region received far more stimulus money than any other in the country — eight times more per person than the national average.

Rep. Doc Hastings (R-WA 4th District) has spilled a lot of ink railing against the “reckless spending” that benefited his voters. He wrote, “Central Washingtonians know that the way to grow the economy is not to grow the federal government.”

Westneat asks,

Do they? Because of the top 10 employers in the Tri-Cities, six are the federal government, while the other four rely heavily on federal grants or subsidies. The stimulus meant more than 3,000 jobs at the Hanford nuclear reservation alone and, during the darkest days of 2009, propped up the economy there. When the Tri-Cities finally took a hit from the recession, it was because the stimulus ended.

Hastings’ district is basically a company town — with that company being Uncle Sam.

Dave Neiwert from Seattle-based Orcinus blog comments on Facebook,

I think there is a simple answer to Danny’s question: People on the east side of the mountains have such a deep-seated animus toward all things Seattle (excepting, of course, the Seahawks) and anything associated with its liberalism that they would be willing to cut their own throats to defy it. They don’t understand, or don’t care, that they thrive when Seattle does.

With a little help from Uncle Sam, of course.

Hey Dave, you should visit Asheville. You’d feel right at home.

Categories : Economy, Local, Stimulus
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Organizations Representing Tens of Millions of Americans to Deliver Over 2 Million Petition Signatures Directly to the White House Rejecting Cuts to Social Security Benefits

Will Be Joined By U.S. Senator Who Vows to Block Benefit Cuts

 

Coalition Includes AFL-CIO, MoveOn.org, Progressive Change Campaign Committee, CREDO, National Organization for Women, Social Security Works, Alliance for Retired Americans, National Committee to Preserve Social Security and Medicare, Democracy For America, Campaign for America’s Future, The Other 98%, Progressives United, Blue America, Rebuild the Dream, Center for Community Change, Health Care for America Now and Others

 

(Washington, DC)  Senator Bernie Sanders and Reps. Mark Takano and Rick Nolan will join organizations representing tens of millions of Americans to deliver more than two million petition signatures opposing cuts to Social Security benefits to the White House on Tuesday, April 9, 2013 at 12:30 p.m. ET.

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Who is that sensible guy?

Chris Hayes’ research team did some digging and came up with Rep. Paul Ryan, under a Republican administration, arguing forcefully in support of just the kind of economic policies he now utterly rejects under a Democratic one. Now the Republicans’ vice-presidential candidate, Ryan argued in 2002 that a third Bush stimulus package was needed to help the unemployed and to kick-start the economy. And deficits be damned.

Ryan has denounced the 2009 Recovery Act signed by President Obama as “a wasteful spending spree” and “failed neo-Keynesian experiment,” and – as The Huffington Post pointed out this morning — dismissed as “sugar-high economics” the idea that government spending, through measures like payroll tax cuts and unemployment benefits, can help shore up a faltering economy.

But in 2002, when then-President Bush was seeking a roughly $120 billion package of tax cuts, tax incentives for business and unemployment benefits to jump-start the economy, Ryan offered a vigorous defense of the plan. “What we’re trying to accomplish today with the passage of this third stimulus package is to create jobs and help the unemployed,” Ryan said in video that aired today on Up w/ Chris Hayes. The remarks came during a House debate on the measure on Feb. 14, 2002.

As they say, IOKIYAR.

“It’s more than just giving someone an unemployment check,” Ryan said of the Bush stimulus bill. “It’s also helping those people with their health insurance while they’ve lost their jobs and more important than just that unemployment check, it’s to do what we can to give people a paycheck.”

Ryan called such measures “time-tested, proven, bipartisan solutions to get businesses to stop laying off people, to hire people back, and to help those people who have lost their jobs,” and urged congressional Democrats to break ranks and join Republicans in supporting the president’s plan.

Who is that guy?

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So, you might have heard about this LIBOR scandal that is slowly but surely revealing the largest criminal enterprise in history.

Well, I was sort of looking forward to it coming to a head, because you know, I feel like the financial Lords of the Universe on Wall Street got a pretty darn good deal back when the feces entered the ventilation system in ’08. They got bailed out at the taxpayers’ expense. They got “made whole” without so much as a slap on the wrist. They got to continue making billions, while the average American got to sink or swim on empty promises of “change” and precious little else.

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Jun
19

Conclave!

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Just in from Paris:

PARIS — Francois Hollande was elected France’s first Socialist president in nearly two decades on Sunday, dealing a humiliating defeat to incumbent Nicolas Sarkozy and shaking up European politics.

[...]

The Socialist has vowed to renegotiate the hard-fought fiscal austerity pact signed by EU leaders in March and to make it focus more on growth, but is facing resistance from [German Chancellor Angela] Merkel. The French vote coincides with an election in Greece, where voters were also expected to punish the incumbent parties for landing the country in its bleak economic state. Anger over sputtering economies has brought down leaders from Ireland to Portugal since the debt crisis washed over the European continent.

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Categories : Economy, News, Recession, Stimulus
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Sep
18

Made in NC

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With a little help from a stimulus loan…

Take those bright spots where you can get them.

Sep
04

Job-Killing Regulations — Not

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McClatchy canvassed a a sample of small business owners — a hotel owner, a cleaning service, an appliance store — about whether excessive regulation was hurting their businesses and dampening hiring. Reporters found little support for the notion that government regulation is the problem for small business that the U.S. Chamber often suggests it is.

When asked, McClatchy reports, the Chamber cites health care, banking and national labor as problems it faces, yet these are bigger problems for large corporations than the mom-and-pop operations that come to mind when business leaders deploy the near-folksy “small business.”

None of the business owners complained about regulation in their particular industries, and most seemed to welcome it. Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-09 and its grim aftermath.

Go figure.

Categories : Economy, Stimulus
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Sep
01

Three You Need To See

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A post from Dave Johnson at Campaign for America’s Future is making the rounds on the ‘tubes. It’s gone a little viral. It helps that the title is Three Charts To Email To Your Right-Wing Brother-In-Law. The rest explains itself:

Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about “Obama spending” and “Obama deficits” and how the “Stimulus” just made things worse. Solution: Here are three “reality-based” charts to send to him. These charts show what actually happened.

Spending

Bush-Obama Spending Chart

Read the rest here.

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May
31

“Pragmatists, not ideologues”

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E. J. Dionne points out that other countries are adapting to a global economy:

Encouraged by Carl Pope of the Sierra Club, I spent time recently with the Wall Street Journal’s report on its annual ECO:nomics conference, published in March. Right off, the Journal’s account emphasized that China is “grabbing clean-technology market share not because of its cheap labor … but through strong mandates and subsidies to build a new export industry.” Ahem, those words “mandates” and “subsidies” don’t come out of the free-market playbook. 

[...]

On his blog, Pope cites another corporate leader who attended the conference, Andrew N. Liveris, the chairman and chief executive of Dow Chemical. “Around the world,” Liveris writes in his book “Make It in America,” “countries are acting more and more like companies: competing aggressively against one another for business and progress and wealth. … Meanwhile, in the United States, we operate as if little has changed.”

So many of these CEOs behave like “pragmatists, not ideologues,” writes Dionne. Read More→

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