Tag Archives: porkulus

Delicious free lunches for Judge Elihu Smails!

or, Cash for Duffers Wall Street Journal – Cash for Clubbers: Congress’s fabulous golf cart stimulus: We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax … Continue reading

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2009 stimulus spending by country as a percent of GDP

This really shows that this is a global slowdown, not just something specific to the U.S., though the U.S. meltdown is having secondary effects due to the sheer size of our economy. That chart is from Eric Janzen’s latest piece, … Continue reading

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Did Obama’s stimulus plan destroy the chances for his healthcare plan?

Obama’s health care plan faces rising cost estimates and declining support. Public anxiety about red ink — muted during this winter’s debate over an economic stimulus package — has come roaring back, with a Gallup Poll showing deficits and spending … Continue reading

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Unemployment numbers worse than projected

How much worse? This much worse. The blue lines are Obama’s projected unemployment numbers with and without his $775 billion stimulus. The red triangles are actual employment numbers. The actual numbers aren’t just worse than the rosy picture Obama painted … Continue reading

Posted in Economics | Tagged | 27 Comments

The Top 10 Signs You Are Living in a Banana Republic

The Top 10 Signs You Are Living in a Banana Republic: 5. The bankruptcy process has becomes a political process. If this is the worst economy since the great depression, why aren’t there more bankruptcies? When did bondholders–which own a … Continue reading

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Veterans angry about Obama’s insurance proposal (UPDATED)

Obama wants private insurance companies to cover service-related injuries for military veterans. The American Legion is strongly opposed to the plan: Commander Rehbein reiterated points made last week in testimony to both House and Senate Veterans’ Affairs Committees. It was … Continue reading

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Because Paul Allen needs bigger yachts

Obama’s stimulus makes Paul Allen a billion dollars richer. If this was Bush we’d never hear the end of it. In other “that was then this is now” news If Obama ever said anything bad about NAFTA during the election … Continue reading

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CBO: recession will end in second half of 2009

I’ve quoted CBO on other things to support my pessimism on the economy, so it’s only fair I should mention their optimism on this. Gateway Pundit – CBO Predicts Recession Will End in 2009 Without Stimulus: CBO anticipates that the … Continue reading

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Line item look at TN’s share of the stimulus

Ken Marrero emails: A local TV station’s media blog posted TN’s portion of the Stimulus package swag.  I offer a quick line item by line item analysis.  Short version?  Of the $3.8 billion, $2.4 billion is spent on Medicare and … Continue reading

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History of U.S. financial stimulus:

fixing a problem that already fixed itself. And here’s Reason’s interviews with economists on the stimulus.

Posted in Economics | Tagged | 1 Comment

Weren’t you guys the fiscally responsible ones back when?

We need a new Ross Perot to convince voters that enormous government deficits are a bad thing and not just when the other party is in power. Hat tip to tgirsch.

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That wily Nancy Pelosi and her unemployment charts

You may have seen this chart from House Speaker Nancy Pelosi’s office, which makes the current job losses look unprecedentedly awful: But as Jim Manzi notes, Pelosi’s chart is based on the number of jobs lost as opposed to per … Continue reading

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CBO: Stimulus will hurt long-term GDP

Washington Times – CBO: Stimulus harmful over long-term: 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. CBO estimates that … Continue reading

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