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Underscoring the fact that our economy has not yet fully recovered, a recent Gallup poll showed that many Americans have continued doubts about the availability of good jobs in today's job market. With the unemployment rate a little below ten percent and with talk of a new but politically unpopular...
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As our leaders on Capitol Hill debate health care and the implications of Senator Baucus' health care reform bill, our nation's economy continues to suffer and some on Capitol Hill are discussing the jobs situation behind the scenes. NBC's First Read reported yesterday that "For the...
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President Obama wanted transparency, he said. He wanted accountability also. Nearly eight hundred billion dollars being spent in a stimulus bill was a lot of money and Obama wanted to use it to stimulate the economy and create jobs. A CBS News article from February noted that "Mr. Obama said the...
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Last week while at my son's summer camp in West Virginia, a friend and fellow counselor told me he was recently offered a full-time job by the local school board that he has served as a technology consultant. He declined the offer for various reasons, chief among them being that the job was tied...
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It has now been 190 days since the stimulus bill was passed. Back in February, President Obama spoke before Congress and stated , "the recovery plan and the financial stability plan are the immediate steps we're taking to revive our economy in the short-term ." Today, Vice President Biden...
Posted to
AIP Blog
by
Despina Karras
on
07-26-2009
Filed under:
Filed under: stimulus package, deficits, universal health care, public healthcare, economic crisis, government, Freedom, government option, federal government, health care benefits, health care reform, health care debate
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Unlike our President and many of our representatives in Congress, I've tried to read the 1000+ page health care bill a few times this week. As a lawyer, I'm used to dealing with tedious and confusing legal jargon, yet this monolithic bill is still too hard for me to understand. It proposes drastic...
Posted to
AIP Blog
by
Despina Karras
on
07-22-2009
Filed under:
Filed under: free market, stimulus package, stimulus, universal health care, Heritage Foundation, insurance, economics, federal government, health care benefits, health care tax, "the demands of this moment", health care reform, deadlines
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Every Monday I look into the money that Congress spent over the past week, and from time to time I look into the money the House of Representatives plans on appropriating for the future. Today, however, I wanted to look back at how some of the money already appropriated is being spent, once again highlighting...
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$18,000,000 to redesign a website that was lunched less than 5 months ago… that makes sense! ABC News reports: For those concerned about stimulus spending, the General Services Administration sends word tonight that $18 million in additional funds are being spent to redesign the Recovery.gov Web...
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A Washington Post story today noted that, according to economist Mark Zandi, approximately fourteeen percent of the stimulus money has been spent. That article noted the following: "When the measure [ the stimulus] passed, the nonpartisan Congressional Budget Office predicted that about a quarter...
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Unemployment is at the highest it's been in decades, the American people are hurting. Here comes President Obama's stimulus package to the rescue . . . with a $4 million project to add a bike and pedestrian path to a bridge? You read that correct, the Kansas City Star reports this planned project...
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On the heels of Vice-President Joe Biden declaring "everyone guessed wrong" on "Meet the Press" on June 14, he is back with more fantastical claims about the stimulus that insult the intelligence of viewers, especially conservatives who have been sounding the alarm from the beginning...
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Yesterday, in his weekly address, President Obama called on Americans to "summon the same spirit that inhabited Independence Hall two hundred and thirty-three years ago". This is one time when I can get behind President Obama's sentiments - although he may not like my reasons for it. What...
Posted to
AIP Blog
by
Despina Karras
on
07-05-2009
Filed under:
Filed under: wasteful spending, cap and trade, capitalism, stimulus package, government spending, universal health care, socialized health care, public healthcare, economic crisis, government, cap and tax, government option, federal government, founding fathers
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Kudos to Klein ABC News’ Rick Klein for doing his job by pointing out how the Obama Administration is " Moving the Stimulus Goalposts ." Klein writes: Today brings this explanation, from Christina Romer, the chairman of the president’s Council on Economic Advisers: Stimulus spending...
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"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on
06-28-2009
Filed under:
Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
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Sen. Tom Coburn (R-Okla.) released a report highlighting waste in the stimulus package. The report, entitled 100 Stimulus Projects: A Second Opinion , is a counter to the Obama Administration's Recovery Report: 100 Days 100 Projects. The top ten most wasteful projects in the report are: 1. “Free”...