Tag Archives: 2009-stimulus

Why Obama’s Stimulus Failed: A Case Study of Silver Spring, Maryland

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High, persistent unemployment and a sluggish economy underscore what all but the most-dedicated supporters of Barack Obama know to be true: The president’s 2009 stimulus program was a massively expensive bust. Understanding why the stimulus failed is an important step in understanding how the government can—and cannot—goose economic recovery. To get a better sense of how and where the stimulus went… Broadcasting platform : YouTube Source : Reason Magazine – Hit & Run Discovery Date : 08/12/2011 15:18 Number of articles : 2

Why Obama’s Stimulus Failed: A Case Study of Silver Spring, Maryland

Open Thread: Is Obama’s Tax Deal a Political Masterstroke?

Charles Krauthammer certainly seems to think so . He posits that the deal the president struck with Republicans was simply Stimulus II – with a large dose of class warfare rhetoric thrown in, he might have added. Barack Obama won the great tax-cut showdown of 2010 – and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years – which just happen to be the two years of the run-up to the next presidential election. This is a defeat? read more

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Open Thread: Is Obama’s Tax Deal a Political Masterstroke?

Under Obama’s Deal, Poorest Workers Will See A Tax Hike

McClatchy reports that while the “tax deal…has a little bit for most taxpayers in the country…some of the nation's poorest workers will actually end up worse off.” The plan “eliminates the 'Making Work Pay' tax credit that was originally part of…Obama's 2009 stimulus package and reduced Americans' taxes by up to $400 for an individual or $800 for a couple.” Individuals making less than $20,000 and couples making less than $40,000, “all other things being equal” will see their taxes “go up come Jan. 1, 2011.” Full Story: http://www.mcclatchydc.com/2010/12/08/104986/under-obamas-deal-taxes-will-rise.h… added by: Radical_Centrist