Economists Agree Time Is of the Essence for Stimulus

With Congress moving closer to adopting a $820 billion stimulus package and the Obama administration poised to unveil a new bank bailout plan, economists say that the federal government is taking its biggest role in the economy in a generation.

States that once aspired to blaze trails independent from Washington are turning to it for money, banks and businesses that once decried regulation now are seeking federal capital, grants or tax cuts and ... Full Story »

Posted by Leo Romero
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Posted by: Posted by Leo Romero - Feb 7, 2009 - 8:36 PM PST
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Edited by: Dale Penn - Feb 7, 2009 - 8:42 PM PST
Dale Penn
4.0
by Dale Penn - Feb. 8, 2009

Full of expert opinion, this story does a good job of laying out the context of how we arrived at this point with the Stimulus Package and where it is likely to go next week as it enters conference committee.

Despite a growing sense of urgency, economists across the political spectrum continue to criticize the congressional stimulus plans. Most economists agree that the Senate ... More »

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Jim Lang
3.4
by Jim Lang - Feb. 8, 2009

This article reports that economists across the idological spectrum agree that a stimulus package is needed and needed quickly to slow the downward economic spiral. Yet the article reports that in spite of that agreement, there is still disagreement as to what constitutes the right stimulus package. The article doesn't attempt to convey what sort of package the weight of opinion supports.

The whining and bickering goes on. It is hard for me to believe that legislators who for at least 6 years presided over the accumulation of a trilliion dollar deficit and a tax policy that has made the rich richer and poor poorer now have the temerity to complain about deficits and the rejection of their tax policy by a new majority.

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Michael Bugeja
3.6
by Michael Bugeja - Feb. 9, 2009

Another round-up and analysis through official sources of the Obama stimulus measure and whether it will help the failing economy. We don't get a detailed run-down of what the bill will fund, other than infrastructure, when there is more to it than that, including targeted tax cuts. But sources in this piece open up about the crisis, with one noting what true stimulus is--such as money for education, to prevent layoffs. Add to it such items as disaster relief, unemployment extension and food stamps, and we guarantee the money will be spent locally rather than invested in the Wall Street service economy.

I have been reviewing articles like this for months, and my personal view is the same: Greenspan, Bernanke and Paulson are the stooges who destroyed the economy. I wrote this in an Oct. 18 review: "America's economy defies basic tenets because we produce little, import much, and base expenditures on credit and floating that credit--a prescription for financial collapse and repeated bailout." It holds true today.

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Peter L. Combs
3.1
by Peter L. Combs - Feb. 7, 2009

The writer did an adequate job outlining the flaws and debates over it. Very little about the history of Government plans to stimulate markets etc.

During the 1930's the money spent did virtually nothing to improve unemployment or to stimulate growth. WWII did 99% of the fix. We might get some infrastructure, nothing close to what it will take.

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Leo Romero
3.0
by Leo Romero - Feb. 7, 2009
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Gerald Zuckier
3.5
by Gerald Zuckier - Feb. 9, 2009

Brings some clarity and facts to an emotion-laden issue

republican point of view: "a rising tide floats all boats.... and therefore it is to be avoided at all costs"

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