Tag: Economic

It was about September 15th. Here’s the facts, and we don’t even talk about these things. On Thursday at about 11:00 in the morning, the Federal Reserve noticed Continue reading “The Day The Economy Almost Died”

One of my favorite blogs, TheBigPicture, has an interesting look at the amount of contraction going on in the economy.

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