Tag Archives: stimulus

And Now It’s…. SUNNY! Showing you how the stimulus is STIMULATING!

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NO BENJAMINS WERE HARMED IN THE MAKING OF THIS VIDEO! Broadcasting platform : YouTube Source : AMERICAN DIGEST Discovery Date : 07/10/2011 02:49 Number of articles : 2

And Now It’s…. SUNNY! Showing you how the stimulus is STIMULATING!

"The Stimulus Worked!" The Latest Junk Chart and Why It’s Junk

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Here’s the latest in junk charts: And here’s why it’s junk in less than three minutes: Broadcasting platform : YouTube Source : AMERICAN DIGEST Discovery Date : 03/09/2011 01:33 Number of articles : 2

"The Stimulus Worked!" The Latest Junk Chart and Why It’s Junk

iOS 5 Beta 3 introduces new gestures that bypass the home button

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Apple has today released the latest version of the iOS 5 beta, bringing along a host of bug fixes and some new features. One of those new features, as detailed by Chris Oldroyd over at TiPB, is a new gesture system that is part of iOS 5′s Accessibility features. The gesture system is a control Broadcasting platform : YouTube Source : The Next Web Discovery Date : 12/07/2011 01:23 Number of articles : 4

iOS 5 Beta 3 introduces new gestures that bypass the home button

Obama: Job Losses Prove the Stimulus Worked (Video)

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It’s an Obama world… Of course the stimulus worked… Why else would we have all these job losses? CNS News reported: He forgot to mention how well the stimulus worked in Congressional districts that don’t exist. That would have been … Continue reading → Broadcasting platform : YouTube Source : Gateway Pundit Discovery Date : 12/07/2011 01:43 Number of articles : 2

Obama: Job Losses Prove the Stimulus Worked (Video)

MSNBC’s ‘Morning Joe’: Tax Cut Compromise Is Another ‘Steaming Pile of Garbage’

Comparing the current tax cut compromise with Barack Obama's stimulus plan of 2009, MSNBC's Joe Scarborough labeled the tax cuts a “steaming pile of garbage” on his December 13 show. Complaining that the compromise will add another $900 billion to the deficit, Scarborough compared it to the stimulus plan that cost a similar amount in the name of “stimulating” the economy. “This is a disaster for conservatives,” Scarborough asserted, arguing that adding to the deficit is worse than stimulating the economy with tax cuts that aren't “paid for.” The weekend after the deficit commission proposed a way to cut $4 trillion in the next generation, Republican leaders met with President Obama and produced a compromise extending the Bush tax cuts for all income earners, along with other provisions that would ultimately add $1 trillion to the deficit. “It's another steaming pile of garbage,” co-host Mika Brzezinski spat. Scarborough agreed with her. “Man, I tell you, if I were a Democrat in the House, I'd vote against this in a second,” he remarked.

Robert Reich Wrongly Claims Bill Clinton Inherited a Recession

The staggering ignorance and/or blatant dishonesty of liberal economic commentators never ceases to amaze me. Consider the following item from former Clinton labor secretary Robert Reich published at the Huffington Post moments ago: read more

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Robert Reich Wrongly Claims Bill Clinton Inherited a Recession

The Race to Save Haiti’s 50 Endangered Frog Species From Extinction

Photo credit: Claudio Contreras/iLCP The devastation and tragedy that has beset Haiti seems to have to limit. Deforestation, mudslides, hurricanes, and the earthquake earlier this year have destroyed what few resources remained there and left the people with no choice but to rebuild their lives from the rubble. And though the human victims are, understandably, the focus of relief efforts, they are not the only casualties of the recent string of events. Haiti’s wildlife hangs on the brink of extinction and, with little to no endemic habitat remaining, have no hope for survival on the island. Fortu… Read the full story on TreeHugger

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The Race to Save Haiti’s 50 Endangered Frog Species From Extinction

Where That Green $32 Billion Went: Recovery Act Update

Photo: US Army, CC It was the first big move made by the Obama administration, and yet the stimulus bill remains controversial and largely misunderstood. There’s little disagreement among economists that the Recovery Act spared the US from slipping into a full-bore depression, or that it created or saved millions of jobs. And yet, according to polls, most Americans feel that it did little to help the country, or themselves in particular — questions about ‘where all that money went’ are commonplace. So let’s take a look. Remember, bi… Read the full story on TreeHugger

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Where That Green $32 Billion Went: Recovery Act Update

ABC Champions White House’s ‘Greatest Hits of the Stimulus Program,’ Sawyer Trumpets ‘We Have the List!’

ABC’s World News whored itself out Thursday night to a hapless effort by the White House to prove its “stimulus” spending created a lot of jobs. “Still ahead on World News,” an easily impressed Diane Sawyer hyped, “We have the list! That White House stimulus, the top success stories. An exclusive report.” Jon Karl proceeded to highlight “the greatest hits of the stimulus program,” including a payout to the owner of MSNBC, but the White House examples he touted totaled a piddling 418 jobs. Sawyer announced the “President’s stimulus program” of $818 billion was “designated to create or save millions of jobs” and though “Republicans say it’s been largely unsuccessful,” the “White House is firing back, and our Jon Karl has a look at the top of the list, the ones that have worked the best.” Previewing a report to be released Friday by the Vice President’s office, “100 Recovery Act Projects that Are Changing America” ( AP dispatch ), Karl trumpeted how “the White House will detail the top 100 stimulus programs in the country. We have an exclusive list at what they considered the greatest hits of the stimulus program.” Karl began with a project in New Jersey “where a toxic area contaminated by an old electronics plant is being transformed into a new industrial park, thanks to $30 million stimulus dollars” and, he raved, “the project has already created 68 jobs.” Showing the effort to which ABC went to produce the advertisement for President Obama, the Washington DC-based Karl showed himself at the site of his second example in New York City, to which he credited 120 jobs: “The White House is also touting the $175 million in stimulus funds being spent here at New York’s Staten Island ferry terminal, replacing nine bridges like this one that are in a dangerous state of disrepair.” Next, after noting Senator John McCain’s claim the spending has been a waste, Karl cited “230 jobs created” by “$51 million for a new facility for injured veterans at Fort Bliss, Texas” and, finally, without any job creation claim, “$25 million in tax credits for GE to build a new plant for energy efficient appliances in Louisville, Kentucky.” That would be a little corporate welfare for MSNBC’s owner. Karl concluded that adding up all the jobs in the 100 projects in the White House list, though he did not cite a total claimed number, “comes to $250,000 per job, but the White House says the actual cost per job is much lower, because each of these projects will have ripple effects, creating many more jobs in the future.” Sawyer then reiterated the White House line: “So they say these are facts, too, and these are the facts that show it’s been working.” The MRC’s Brad Wilmouth corrected the closed-captioning against the video to provide this transcript of the story on the Thursday, September 16 edition of ABC’s World News: DIANE SAWYER: As we know, there’s been an ongoing debate in this country about the jobs crisis, and the President’s stimulus program – $818 billion designated to create or save millions of jobs. Republicans say it’s been largely unsuccessful. But tonight, the White House is firing back, and our Jon Karl has a look at the top of the list, the ones that have worked the best. Jon? JONATHAN KARL: That’s right. This is in direct response to all those Republican attacks. The White House will detail the top 100 stimulus programs in the country. We have an exclusive list at what they considered the greatest hits of the stimulus program. The report highlights projects like this one in South Plainfield, New Jersey, where a toxic area contaminated by an old electronics plant is being transformed into a new industrial park, thanks to $30 million stimulus dollars.                          JARED BERNSTEIN, WHITE HOUSE CHIEF ECONOMIST: We’re creating employment, getting folks in there, cleaning up that environment, and this will be a new industrial park creating hundreds of thousands of new jobs in decades to come. KARL: The project has already created 68 jobs and is designed to be an economic boon to the South Plainfield area once it’s completed next year. The White House is also touting the $175 million in stimulus funds being spent here at New York’s Staten Island ferry terminal, replacing nine bridges like this one that are in a dangerous state of disrepair. JANETTE SADIK-KHAN, NEW YORK CITY DEPARTMENT OF TRANSPORTATION: We’re thrilled to have stimulus money available to repair the vital links that will keep New York City strong. KARL: There are now 120 workers on the job here, rebuilding a transportation hub that services 65,000 commuters every day. The White House report is a direct response to Senators John McCain and Tom Coburn, who have issued three separate reports on what they call the top 100 wasteful stimulus projects. Those reports highlighted things like the $3.4 million spent on the so-called “turtle tunnel,” allowing animals to go from one side of Florida’s Route 27 to the other. Here’s what McCain told us about his last report. SENATOR JOHN MCCAIN (R-AZ): I think all of them are waste. I think none of them, really, have any meaningful impact on creating jobs. BERNSTEIN: Republicans have often criticized the recovery act without recognizing projects specifically like the ones in this report. KARL: Projects like $51 million for a new facility for injured veterans at Fort Bliss, Texas –  230 jobs created; $25 million in tax credits for GE to build a new plant for energy efficient appliances in Louisville, Kentucky. GE is investing $600 million of its own money, bringing production now done in China back to the U.S. The White House lists the total cost and the number of jobs created for each of these top projects. Now, Diane, doing a little math, it comes to $250,000 per job, but the White House says the actual cost per job is much lower, because each of these projects will have ripple effects, creating many more jobs in the future. SAWYER: So they say these are facts, too, and these are the facts that show it’s been working. Okay, thank you, Jon Karl.

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ABC Champions White House’s ‘Greatest Hits of the Stimulus Program,’ Sawyer Trumpets ‘We Have the List!’

George Will Helps Arianna Huffington Make a Fool of Herself on This Week

As NewsBusters has previously reported , liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory. On Sunday, she proved it again by making an absolute fool of herself on ABC’s “This Week.” With the “Roundtable” segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was “proof that the government does not work.” In a stunning display of both idiocy and hypocrisy, she moments later demanded more financial regulations, including a reinstatement of the Depression Era Glass-Steagall Act, to – wait for it! – stimulate the economy. Adding insult to injury, George Will was available to really make clear what an absolute imbecile Huffington is (video follows with partial transcript and commentary):   ARIANNA HUFFINGTON: At the bottom of the Tea Party movement of that anger is anger at the bailout. And you know, here people, Democrats, Republicans have been given proof that the government does not work because the government spent almost $800 billion and look where we are. Wall Street is doing well. Main Street is suffering. CHRISTIANE AMANPOUR, HOST: Somebody I was talking to over the, during the week, people in business and venture capital who were saying, “Why doesn’t the government do more to force banks to lend, to do more to make it easier for people to actually go out there and show some kind of consumer activity?” GEORGE WILL: Well maybe if the government did less, period, people would be more inclined to lend money. The banks aren’t hoarding the money because they are in a pout. They’re not hoarding the money because they’re mad at somebody. They’re hoarding money because they can’t find lenders who think they can borrow it and make money. HUFFINGTON: No, that’s not true. The banks are getting almost zero-percent interest rate… WILL: Yes. HUFFINGTON: …loans from the Fed and they are spending it to make a lot of profit in derivatives tradings and all the things that got us into this trouble in the first place. And this administration and this Congress still has not passed an end to Too Big To Fail, still has not reinstated Glass-Steagall. So even, even though people may not be able to give you all these details, they know that the system has not been fixed, that financial reform is full of loopholes, and that the system is not fair, basically, for them as they’re seeing their lives falling apart. Amazing. So first she says the failure of the bailout to stoke lending is an example of how government doesn’t work, and then she asks for more government intervention to get the economy going. Boggles the mind, doesn’t it? Moments later, Will put the icing on the cake: WILL: We started arguing about the tax cut. The president says we can’t afford the tax cuts for the wealthy because that would add $700 billion to the deficit over ten years. Which is to say over ten years it would add less to the deficit than Obama added with the stimulus in one year. Simple arithmetic most fourth graders would understand unless they were raised or educated by liberals like Huffington.

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George Will Helps Arianna Huffington Make a Fool of Herself on This Week