With the Federal Reserve’s meeting currently underway, many are expecting the board to stay the course with its $85 billion in monthly bond purchases due to the government shutdown. As far as markets are concerned, this could mean a nightmarish next few months, economists say.
Democrats publicly coalesce around new stimulus spending, but it’s getting little attention in private, an aide says. A bartering chip, or a real proposal?
Romney Communications Director Gail Gitcho says the “CBO” report from the Obama administration claimed that the stimulus would keep unemployment below eight percent. The CBO doesn’t work for Obama, as Cooper notes, and it never wrote that. The eight percent figure comes from a projection authored by Obama aides before he even took office.
Romney campaign, Karl Rove Super PAC launch simultaneous attack on President Obama.
Rick Santorum rails against the Obama administrations heavy spending. In 2003, however, Santorum, speaking in support of the Bush tax cuts, said the effect of the $600 million “stimulus” should outweigh any debt concerns.
Do you think all those sour-faced folks in Congress got the message?
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Barack Obama refuses to “spike the football,” so we’ll do it for him. This list is in no particular order and by no means comprehensive. Achievement unlocked: Reelection.
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A guy with electrodes hooked to his face is turned into a weird, twitching musical instrument. Painful as it looks, it’s probably more fun than DJ Hero.
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In some districts with huge deficits, federal aid has failed to prevent extensive school layoffs, leading to even more crowded classes and educators’ teaching unfamiliar grade levels.
America’s infrastructure is crumbling. People need jobs. Bob Herbert thinks the solution should be obvious.
Senate Republicans on Tuesday blocked Democrats from adding $25 billion for highways, mass transit, and water projects to President Barack Obama’s economic recovery program. Of course the entire cost of the stimulus bill would be covered if Obama’s various nominees just paid their taxes.