As part of a pledge to “Make America Great Again,” President Donald Trump and Republican lawmakers are pursuing aggressive economic stimulus while slashing taxes at the same time. The result, budget analysts say, is likely to be swelling debts and deficits for the world’s largest borrower. America’s budget deficit was […]
Posts Tagged ‘stimulus’
Biden: New Stimulus Needed ‘Even if We’re Growing at 8%’ and Have ‘3% Unemployment Rate’
Penny StarrCNS News Sept 30, 2011 Vice President Joe Biden said Congress should pass the $450-billion American Jobs Act even if the economy were growing at 8 percent and unemployment were as low as 3 percent. “Look, we should be doing all of this stuff even if we were growing by 8 percent, even if […]
The Cost Of Obama’s Stimulus Plan: $312,500 Per Job (Vote) Created Or Saved (And Guess Who Is Paying It)
Zero Hedge Sept 13, 2011 For those eager to put some math to the rhetoric coming from the White House over the president’s jobs creation plan, and that should be everyone, here is a quick and dirty estimate based on the numbers being thrown around of a 2% GDP increase in year 1 and 1.9 million […]
The “Shining” Example Of Obama’s $787 Billion Fiscal Stimulus Act, Solar Energy Company Solyndra, Files For Bankruptcy
Zero Hedge August 31, 2011 Yesterday Zero Hedge contributor Bruce Krasting had some very insightful and very prophetic words when he asked rhetorically if a “Government investment disaster in the works??” The company in question is (now former) massively subsidized solar energy company Solyndra. Solyndra filed for bankruptcy less than 24 hours after Bruce proposed that […]
Biden: more US stimulus needed, business mad at S&P
Reuters August 26, 2011 U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth. Concluding a trip to Asia that focused primarily on China, Biden also said […]
Putting The Cart On Top Of The Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus” Is Suicide For America
Zero Hedge Aug 17, 2011 Every time someone mentions fiscal stimulus (and specifically the failure thereof), the conversation, after repeated empirical demonstrations that said stimulus virtually always ends in tears, will veer to the Economics 101 textbook definition of the savings-investment identity, in which Investment = Private Saving + Government Saving + Current Account (the simplistic […]