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Presented as a Public Service by:
 National Community Reinvestment Coalition
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Economic Stimulus ProposalsThis section of The Community Investment Network will provide you with up to date news and commentary on the upcoming Economic Stimulus Proposals.
The American Recovery and Reinvestment Act will be carried out with full transparency and accountability -- and www.Recovery.gov is the centerpiece of that effort. Economic Stimulus Proposals News
Obama May Seek Permanent R&D Credit in Economic Proposals
September 3, 2010
By: Bloomberg
President Barack Obama may include a permanent extension of the research and development tax credit among the tax breaks for businesses he is contemplating to spur job growth, two congressional aides said.
Departing Obama adviser urges more stimu
September 2, 2010
By: Washington Post
Departing White House chief economist Christina Romer urged Congress on Wednesday to "finish the job of economic recovery" by pumping more cash into the economy through additional tax cuts for businesses and middle-class families, as well as fresh investments in the nation's infrastructure.
Economists believe stimulus bill has created millions of jobs
September 1, 2010
By: Job.com
The national unemployment rate has been a major news story since the beginning of the recession in 2008. The Obama administration has been trying to take as many steps as possible to ensure that Americans can get back to work. One of the more controversial moves by the government was the $814 billio...
FACT CHECK: Stimulus Assessments Overly Optimistic
  August 26, 2010 By: ABC News The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation
Obama's Economic Stimulus Program Created Up to 3.3 Million Jobs, CBO Says
 August 25, 2010 By: Bloomberg President Barack Obama’s stimulus package may have created or saved as many as 3.3 million jobs last quarter and lowered the unemployment rate by as much as 1.8 percentage points, the Congressional Budget Office said. The $814 billion program, known as the American Recovery and Reinvestment Act, or ...
Stimulus and tax cuts now, smaller economy later, CBO report says
 August 20, 2010 By: Christian Science Monitor The Congressional Budget Office released an improved outlook for the federal budget deficit this year, but the report also amounted to a warning to President Obama and Congress about the limits of policies designed to stimulate the economy.
Big chunk of economic stimulus still unspent
August 17, 2010
By: Washington Post
As Americans puzzle over why the economic stimulus package enacted more than a year ago has failed to restore vigorous job growth, one explanation has emerged from new reports: A lot of the money is not yet out the door.
Rev. Jesse Jackson talks low voter turnout in Detroit, need for 'economic stimulus part two'- video
August 12, 2010
By: Mlive.com
Rev. Jesse Jackson joined local NAACP leaders and clergy members in Detroit on Tuesday evening, suggesting the need for a new federal economic stimulus plan while pushing for job creation and racial parity in the automotive industry.
Research Desk: How much "other" stimulus has been passed?
August 11, 2010
By: Washington Post
We keep hearing about how the stimulus was too small. True. But it also wasn't the last word on stimulus/rescuing the economy. Congress has passed numerous fixes, assistance, etc since then. How much TOTAL money has Congress thrown at the problem. After all, unemployment assistance, food stamps, sta...
Obama signs $26b state aid bill after House OK
 August 11, 2010 By: Boston Globe WASHINGTON — House lawmakers scurried back to Capitol Hill yesterday — booking last-minute flights and canceling appearances at town halls — and approved a $26 billion package that will provide aid to states, including an additional $655 million for Massachusetts. |
Economic Stimulus Proposals Commentary
More Federal Stimulus Is Certainly Not the Solution
August 24, 2010
By: Texas Insider
Texas Insider Report: AUSTIN, Texas – Two weeks ago President Obama signed into law the Education Jobs & Medicaid Assistance Act (H.R. 1586), a $26 billion aid package for states. TARP carried a $700 billion price tag, and President Obama quickly passed a $1 trillion economic stimulus package short...
Why Hasn't the U.S. Economic Stimulus Been More Stimulative?
August 24, 2010
By: The Market Oracle
Talk of the economy slipping back into a recession is rampant. The American Recovery and Reconstruction Act (ARRA) of 2009, aka the stimulus package of approximately $790 billion, was, as its title suggests, supposed to put the economy firmly into a recovery trajectory. But as Obama administration e...
How American Stimulus Creates Jobs in China Rather Than America
August 18, 2010
By: Business Insider
Andy Xie has an interesting angle on why U.S. stimulus won't work this time around, and we've decided to run with it. Essentially, the world is too globalized today, whereby demand remains local but 'supply is global'.
The U.S. needs a more effective economic stimulus plan
August 16, 2010
By: Fort Worth Business Press
The Financial Times recently reported these dismal figures for private sector hiring: “Since the stimulus began, about 400,000 public sector jobs have been added (through May 2010) while 2.7 million private sector jobs were lost.” The National Federation of Independent Business (NFIB) has a study sh...
Dallas Fed: We cannot stimulate prosperity
August 13, 2010
By: MarketEatch
To be fair, the Dallas Fed did not exactly say we cannot stimulate prosperity. Instead, they released a piece asking if it can be done. In it, they pointed out that government stimulus efforts have not lived up to expectations so far. By the way, the high-powered economic insights of the Dallas F...
Research Desk: How much "other" stimulus has been passed?
August 11, 2010
By: Washington Post
We keep hearing about how the stimulus was too small. True. But it also wasn't the last word on stimulus/rescuing the economy. Congress has passed numerous fixes, assistance, etc since then. How much TOTAL money has Congress thrown at the problem. After all, unemployment assistance, food stamps, sta...
Please--No More Stimulus
August 10, 2010
By: Forbes
Christina Romer, the chairwoman of president Obama's Council of Economic Advisers has announced her resignation. While some people say her departure is a sign of deep divisions in the Obama team, we take her comments, about getting along with Larry Summers and enjoying every minute of her tenure, at...
Cities Without Stimulus
August 6, 2010
By: Harry Moroz, The Huffington Post
The American Recovery and Reinvestment Act has provided a critical boost to New York State and New York City during a period of severe economic decline. The White House estimates that the stimulus package saved or created almost 150,000 jobs in the state in 2009. The Mayor's Office estimates more th...
How My Doubts About Stimulus Were Eased – A Little
July 30, 2010
By: Seeking Alpha
I decided to take the plunge and read “How the Great Recession Was Brought to an End” (.pdf) by economists Alan Binder (Gordon S. Rentschler Memorial Professor of Economics, Princeton University) and Mark Zandi (Chief Economist, Moody’s Analytics). Binder and Zandi conclude that the various stimulus...
Why Bernanke isn't advocating fiscal stimulus
July 27, 2010
By: Washington Post
Ezra Klein challenges me to explain why Federal Reserve Chairman Ben Bernanke isn't beating the drum for more fiscal stimulus. It could, Ezra notes, reduce some of the pressure on the Fed to undertake unconventional monetary policy maneuvers of dubious effectiveness to boost the economy. I touched o... |
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