Archive for the ‘fiscal stimulus’ Category

Dissecting The Texas Jobs “Miracle”

Before you start throwing darts at me, know that this isn’t a pro-Rick Perry post. I don’t know too much about the guy at this point and by and large what I do know hasn’t caused me to conclude that he’s the man. What this is about is a recommendation to read a post at [...]

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Why The Stimulus May Not Have Stimulated

Arnold Kling points to an interesting study by economists John Taylor and John Cogan. It’s an analysis of the effect of the stimulus from a different and intriguing perspective. They write: Because the ARRA grants to state and local government are fungible and not synchronized with purchases, determining the effect of ARRA on state and [...]

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Trashing Currencies

Liam Halligan and Ambrose Evans-Pritchard have two provocative columns this weekend that actually tie together quite nicely. The overall theme is governments debasement of their various currencies as they desperately try to reflate their economies. The lesson might well be buy gold and any other hard asset you can lay your hands on. Halligan takes [...]

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What Your Tax Dollars Are Accomplishing

Some interesting dots worth connecting. First, from the WSJ on GM’s contribution to employment: But GM is failing to do what President Obama perhaps needs most: Hire droves of U.S. workers. According to the automaker’s second quarter earnings release this morning, GM added only 2,000 employees to its North American workforce since the start of [...]

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Robert Reich Suggests Massive New Stimulus

Robert Reich has a post up at the Business Insider that sounds the trumpets in a call for an all out attack of the faltering economy. He maintains that we’re not facing a double dip, rather we’re still in the midst of the mother of all dips. His solution which includes dismissing any and all [...]

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President’s Can’t Cure Recessions

From Megan McArdle, here’s one of the best things I’ve read in a long time: Whichever way it works out, one side or another will overattribute the 2012 economy to Obama and the Democrats.  The fact is, the president can’t do much more than tinker around the edges of a $14 trillion economy–for which we [...]

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Fed Rolls Out The Same Rusty Cannon

Well the Fed has spoken and the Cliff Notes version is that the economy is starting to suck again and their plan is to reinvest their maturing MBS portfolio into Treasuries. Note that they aren’t going to expand their balance sheet, just not let it get smaller. Basically saying this is how they’ll do QE2 [...]

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