Leave a Comment

The Obama Stimulus Plan
Calculated Risk — From the WSJ: Obama Team Aims to Keep Stimulus Under $1 Trillion President-elect Barack Obama's economic team is crafting a stimulus package to send to Congress worth between $675 billion and $775 billion over two years ... The transition team has conveyed the figures to Capitol Hill, where the package is likely to grow as it works its way through the House and Senate. An Obama adviser familiar with the planning said the package could top out around $850 billion. ... Both sides in the talks want a package ready when Congress returns Jan. 6, so legislation can ...

Progressive Breakfast: Bush Serves Up Auto Rescue
LiberalOasis : The Blog — ... Depends on who you ask. Richy McRicherton, CEO of Globo-Capital, thinks it's the straight awsom!!1! Regular folks across the country, not so much ... Meanwhile, that homeowner relief program the White House put into place? Designed to help 400,000 homeowners, so far it's received 312 applications, because it's way too expensive and requires too many forms that lenders and borrowers want nothing to do with it ... This is theft." $850B and Holding WSJ reports Obama's economic team is eyeing $850B for its economic recovery plan, and trying ...

The case against stimulus
SCSUScholars — ... So the Obama stimulus plan, which appears to have no more than $100 billion in tax cuts while giving away money to state governments and making "investments" in " traditional infrastructure, school construction, energy efficiency, broadband access and health-information technology" should be evaluated as being too sustained, too tilted towards less-effective spending, and perhaps too large in the Giavazzi and Pagano sense. ...

The Ever Expanding Stimulus
The Corner on National Review Online — ... $775 BILLION WALL STREET JOURNAL: President-elect Barack Obama's economic team is crafting a stimulus package to send to Congress worth between $675 billion and $775 billion over two years, according to officials familiar with the package .. . ( Stimulus Package Heads Toward $850 Billion, ...

Fox News: The Media Arm Of the Republican Party
Daily Kos — ... And from the press release: $775 BILLION WALL STREET JOURNAL: “President-elect Barack Obama's economic team is crafting a stimulus package to send to Congress worth between $675 billion and $775 billion over two years, according to officials familiar with the package...” (“Stimulus Package Heads Toward $850 Billion,” The Wall Street Journal, 12/19/09) But the Wall Street Journal article was published on December 18th. Oops. The devil really is in the detail, eh? ...

Sun Rises, Market Falls
FiveThirtyEight: Politics Done Right — ... Bittlingmayer and Hazlett's memories turn out to be rather selective. Take the December 18th date they describe in their article, when the markets fell by 2.5 percent. On this date, according to the Wall Street Journal Obama had outlined the broad parameters of stimulus package "worth between $675 billion to $775 billion" to Capitol Hill. Was this a surprise to the markets? Not according to ...