Category: Economic

Graphic from NYTimes showing the annual return since the mid-1930’s

Link:

StimulusWatch.org was built to to help the new administration keep its pledge to invest stimulus money smartly, and to hold public officials to account for the taxpayer money they spend.  Link

“A failure to act, and act now, will turn crisis into a catastrophe.”

— President Obama, Feb. 4.

Catastrophe, mind you. So much for the president who in his inaugural address two weeks earlier declared “we have chosen hope over fear.” Until, that is, you need fear to pass a bill.

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/05/AR2009020502766_pf.html

President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.

Link

Lengthy, but interesting write-up looking back and looking forward – link

President Reagan said the best way to understand a trillion dollars is to imagine a crisp, new stack of $1000 bills.

If you had a stack four inches high, youd be a millionaire. A trillion-dollar stack of $1000 bills would measure just over 63 miles high.

Here’s an article giving examples