Posts Tagged ‘economic stimulus’


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SOL Stimulus Anniversary


Wednesday March 19th, 2014   •   Posted by K. Lloyd Billingsley at 8:15am PDT   •   0 Comments

The media love anniversary stories, but last month the fifth anniversary of President Obama’s stimulus package slipped by without much fanfare. Taxpayers might recall how, in 2008, spending on the order of $800 billion was urgently called for and delivered. But it failed to stimulate much economic growth. In the last three months of…
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The Oncoming Obama-Yellen Inflationary Cycle


Thursday January 9th, 2014   •   Posted by K. Lloyd Billingsley at 11:47am PST   •   2 Comments

By the narrowest margin ever the Senate has confirmed Janet Yellen to head the Federal Reserve. She will be the first female Fed boss, but that’s not the news. As the New York Times put it, Yellen is “an influential proponent of the Fed’s extraordinary measures to revive the economy.” She told the Times…
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One in seven Americans now receive food stamps. As yet another indicator of the utter absurdity of Keynesian economics, Obama’s Secretary of Agriculture Tom Vilsack is claiming that food stamps (“Supplemental Nutrition Assistance Program”) “mean more jobs” and provide “the most direct economic stimulus”. In the process, he somehow fails to mention that food…
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China Drops 97% of Its Holdings in Short-Term U.S. Treasury Bills


Sunday June 5th, 2011   •   Posted by David Theroux at 3:58pm PDT   •   0 Comments

Terence Jeffrey reports at CNSNews.com that “China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills” over a 20-month period. Is this a major reflection of the increasingly precarious status of the U.S. dollar and U.S. government finances worldwide? China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing…
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The Christian Science Monitor reports that “Counting underutilized and marginally attached workers, the unemployment rate rose in April, according to the new jobs report”, to 15.9% for “total unemployment” and 9% for the standard rate of joblessness. And according to CNNMoney.com’s “Bailout Tracker”, this increase in joblessness has occurred despite the staggering commitment to…
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Casey Mulligan on Stimulus Spending and Investment


Wednesday January 12th, 2011   •   Posted by Emily Skarbek at 1:54pm PST   •   0 Comments

Over at Economix, Casey Mulligan has a nice illustration of Austan Goolsbee’s approach to economic planning. In essence, targeted means of stimulating investment (say, with New Homebuyer tax credits) don’t work to increase investment, and thereby employment, in the short-run. Rather these types of subsidies have drive up prices for current asset owners—constituting windfall…
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