Posts Tagged ‘stimulus

08
Mar
17

The First 50 Days

17
Feb
17

He Inherited A Mess But Left Behind A Bounty

16
Feb
17

The First 27 Days

27
Jan
17

What Real Leaders Do

28
Aug
16

An Insider’s Observations

26
Feb
16

The President’s Day

President Barack Obama speaks following his tour of the Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Gary McCullough)

President Barack Obama speaks at the Saft America factory in Jacksonville, Florida. The plant opened in 2011 with help from federal money from the economic stimulus package President Obama fought for in 2009

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U.S. President Barack Obama tours Saft America Advanced Batteries Plant in Jacksonville, Florida February 26, 2016. REUTERS/Carlos Barria

President Barack Obama takes the stage as he is introduced at by Jamie Vazquez, right, at Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama speaks at Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama stops to look over a battery array during his tour of Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama tours Saft America Advanced Batteries

President Barack Obama speaks after his tour of the Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama talks with employee Jim Mastronardi as they watch a robotic demonstration during a tour at Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama greets employees during his tour of Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. Walking with Obama are Thomas Alcide, right, Saft America President and Chris Kaniut, behind Obama, Saft America General Manager. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama greets the crowd after speaking following his tour of the Saft America factory in Jacksonville, Fla., Friday, Feb. 26, 2016. The plant opened in 2011 with help from federal money from economic stimulus package Obama pushed through Congress in 2009. (AP Photo/Gary McCullough)

President Barack Obama greets supporters on the tarmac after arriving on Air Force One at Cecil Airport in Jacksonville, Fla., Friday, Feb. 26, 2016, to visit Saft America factory, which opened in 2011 with help from federal money from economic stimulus package he pushed through Congress in 2009. (AP Photo/Rick Wilson)

President Barack Obama waves to supporters on the tarmac after arriving on Air Force One at Cecil Airport in Jacksonville, Fla., Friday, Feb. 26, 2016, to visit Saft America factory, which opened in 2011 with help from federal money from economic stimulus package he pushed through Congress in 2009. (AP Photo/Rick Wilson)

President Barack Obama stops to wave before he enters Air Force One before departing Cecil Airport in Jacksonville, Fla., Friday, Feb. 26, 2016. (AP Photo/Rick Wilson)

17
Sep
15

How President Obama Turned A Great Recession Into A Growing Economy

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Jason Furman: 5 Indicators That Show We Turned A Depression-Like Shock into A Six-Year Expansion

Seven years ago, Lehman Brothers filed for bankruptcy, setting in motion the worst financial crisis since the Great Depression. Over the course of just a few months after taking office, President Obama worked to shore up the U.S. financial system, rescue the auto industry, and pass a Recovery Act and more than a dozen subsequent fiscal measures that provided vital support to families and businesses. Since the crisis, the President has taken continued steps–including Wall Street reform–to strengthen our economy and protect against future downturns.

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Our businesses have now created 13.1 million jobs over 66 straight months–the longest streak on record. The pace of job growth over the last three years has not been exceeded since 2000. The unemployment rate has fallen further and faster than economic forecasters predicted. Private domestic final purchases (a combination of the largest and most stable components of GDP) contracted as sharply at the start of the Great Recession as during the start of the Great Depression. But while economic output continued to contract for years into the 1930s, our economy returned to growth in 2009, as both personal consumption and business investment started to grow again.

More here

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11
Sep
15

A Historian Schools Joe Scarborough

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18
Nov
14

The Future Rewards Those Who Press On

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Jackie Grumbacher

Ever since then Senator Obama decided to run for president in 2007, he has been modelling the behavior he would wish all of us and, particularly all Democrats, to follow. He never panicked or over dramatized anything, but patiently, methodically built an organization that was bigger, better and infinitely more effective than the existing Democratic Party. And he did it with finesse and courtesy, never once publicly criticizing the Democratic establishment or embarrassing any individual, no matter how much he was insulted by them. He showed us how to have immense grace under pressure, how to press forward on difficult days, how to shut out the naysayers, how to respect our skills and empower each other. As president he has showed us optimism combined with pragmatism and realism. He has never stooped to the level of his enemies and has tried to seek a common ground, even as he worked against the most massive obstruction in history. After the midterms, he literally went in front of the cameras and taught us how to act– not to cower or despair, but to lift our heads with pride and a sense of optimism and move forward. He told us by his actions alone to give nothing to our critics, waste no sorrow on our enemies, remain undaunted at our prospects and just keep moving forward bringing light and honesty into the darkest hate. If Democrats in this country–and that includes you, Jon Tester–opened their eyes and realized how much this incredible president is teaching us every day we would not only become better human beings, we would never lose another election.

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31
Jul
14

Rise and Shine

On This Day: First Lady Michelle Obama salutes during the singing of the national anthem at Naval Station Norfolk, Va., July 31, 2009

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Today (All Times Eastern)

10:55: The President meets with members of Congress on foreign policy, Cabinet Room

12:0: White House press briefing

1:20: The President delivers remarks and signs an executive order on workplace safety, South Court Auditorium

3:40: Delivers remarks, Department of Housing and Urban Development

7:25: The President and First Lady host ‘A Celebration of Special Olympics and A Unified Generation’, East Room

8:25: Attend a concert commemorating the Special Olympics, State Dining Room

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Times Colonist: Obama To Sign Executive Order Cracking Down On Labor Violations By Federal Contractors

President Barack Obama is preparing to sign an executive order cracking down on labour violations by companies that contract with the federal government, the White House said Wednesday. Obama’s order will require companies seeking federal contracts valued at more than $500,000 to make public any labour law violations in the last three years, a step the Obama administration hopes will incentivize companies to resolve labour disputes such as back wage claims.

Federal agencies will be given more guidance on how labour violations should factor into their decision-making as they award lucrative contracts, officials said, with an eye toward pushing the most egregious violators into remediation agreements before new contracts are granted. Under the order, workers will also be given information each pay period to allow them to determine whether their paychecks are accurate.

More here

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Spandan Chakrabarti: BFD: “Incompetent” Black Man Leads US Economy To Solid, Sustained Growth

The economy grew at a strong 4% rate in the second quarter of 2014, outpacing analyst estimates by almost a full point. The news that is even more encouraging than the topline GDP growth number is where it came from: consumer spending, business investment, and exports. Consumer spending growth doubled since the first quarter, business investment growth grew by more than a factor of 3, and exports saw a near-20-point swing. The reason these particular numbers are so encouraging is that they all point to strong jobs growth.

In an economy that is 2/3rds consumer spending, growth in that area is the predominant factor in creating demand, and therefore, jobs. We have come here in less than six short years after the greatest economic calamity this country has ever seen, save for one. We have arrived here not only without creating a war bubble but while actually deflating the war bubble by ending wars. This is because while nearly everyone else has been busy trying to generate clicks, the President has worked day and night to generate jobs. This is because while the media has been busy looking for poutrage, this president has used his blood, sweat and tears to look for solutions.

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Somini Sengupta: U.N. Says ‘Evidence’ Points To Israel In Gaza School Attack

Secretary General Ban Ki-moon said on Wednesday that “all available evidence” suggested that Israeli artillery had hit a United Nations school in Gaza full of civilians who thought they were in a safe zone. “Nothing is more shameful than attacking sleeping children,” the secretary general told reporters in San Jose, Costa Rica, according to a transcript provided by his office.

It was Mr. Ban’s strongest comments to date on attacks on United Nations installations in Gaza, where Palestinians have been taking shelter. Six United Nations staff members have been killed in the current conflict so far. United Nations officials said that they had informed Israel 17 times of the precise location of the school and that there were civilians sheltering there, including once at 8:50 p.m., just hours before the attack on Wednesday.

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SmartyPants: Chuck Todd Is Finally Embarrassed

Oh…so I see that Chuck Todd is finally embarrassed by Washington because of all the impeachment talk. I have a few questions for Mr. Todd:

Were you embarrassed by the fact that our first African American President was required to produce a birth certificate?

Were you embarrassed when Rep. Joe Wilson shouted “You lie” to President Obama during a SOTU speech?

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Justin Wolfers: What Debate? Economists Agree The Stimulus Lifted The Economy

Here’s a simple case study making the point that our political debates about economics have become largely unhinged from those among actual economists. Take the Obama stimulus plan, known as the American Recovery and Reinvestment Act. If you took your cues from the political rhetoric in Washington — or even from the occasional virulent debate in the economics blogosphere — you would think the whole question of fiscal stimulus is highly contested. But it’s not. There’s widespread agreement among economists that the stimulus act has helped boost the economy. The Initiative on Global Markets at the University of Chicago — hardly a hotbed of liberal or Keynesian thought — regularly surveys a number of the leading American economists about a variety of policy issues.

Recently each of these eminent economists was asked whether the unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill. Of the 44 economists surveyed, 37 responded, yielding a healthy response rate of 84 percent. Among those who responded, 36 agreed that the stimulus bill had lowered the unemployment rate, while one disagreed. That lone disagreeing economist, Harvard’s Alberto Alesina (who was one of my thesis advisers), has been a virulent opponent of the stimulus, although the research that he’s based this upon has come under sustained criticism, particularly from the International Monetary Fund, which views the study as flawed.

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Sahil Kapur: House Votes To Sue President For The First Time In History

House Republicans officially gave Speaker John Boehner (R-OH) their seal of approval on Wednesday to sue President Barack Obama, marking the first time in U.S. history that a chamber of Congress has endorsed a lawsuit against a president. The House adopted the resolution by a vote of 225-201. Five Republicans joined a unanimous Democratic conference to vote against the measure. They were Reps. Thomas Massie (R-KY), Walter Jones (R-NC), Paul Broun (R-GA), Steve Stockman (R-TX) and Scott Garrett (R-NJ). The resolution authorizes Boehner to challenge Obama in court for exceeding his authority by unilaterally delaying deadlines under Obamacare.

Although he has said he’ll target the one-year delay of the health care reform law’s employer mandate penalties, the text of the GOP resolution gives the Speaker room to legally challenge implementation tweaks to other provisions of the law. It’s a politically awkward one for his party given that Republicans despise the employer mandate, and have voted to eliminate and delay it. “Republicans want to sue the president for not enforcing a law they want to repeal,” said House Minority Whip Steny Hoyer (D-MD). “It is wrong. It is a waste of time. It is a waste of money. It is a distraction from the important issues so important to our people. This lawsuit is nothing more than a partisan bill to rally the Republican base.”

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Jesse Rosenfeld: Israel Is Minting The Next Generation Of Hate

The bombs continue falling, more and more people are running for their lives with fewer places to go and as the screams from beneath the wreckage of Israel’s assault become more frequent, a generation of Gaza’s children are being shaped by what they see. And yet, as kids often do, they can still surprise you. Inside a Gaza City UNRWA school that’s been turned into a shelter, children pack the courtyard. Ten-year-old Yasmine al Attar stares at me from under her dark curled bangs. Yasmine’s aunt, Hula al Attar, tells me her son can’t sleep amid the nightly air strikes. Instead he howls and shakes.

“My 11-year-old son saw bodies in the street in the [2008] war and he still can’t forget those images,” says the veiled 29-year-old mother. Yasmine speaks up. She tells me she can’t sleep either, and waits out the attacks by clinging to her mother in a corner classroom. I ask her what she wants to be when she grows up. “I don’t know if I will live,” she says flatly. When pressed for what she would like to be if she does survive, she becomes excited thinking about the possibilities. “I’ll be a doctor,” she says at first. Then she changes her mind. “I’ll be a journalist,” she says, pulling on her brown curls. “I just want to do something that helps people and tells the world what’s happening.”

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Josh Marshall: The Wealth Gap Across Race, Gender And Marriage Status

The chart illustrates a pattern that most of us probably do not find surprising. But the sheer chasm separating single white men from Black and Hispanic single women is still shocking to see visualized so clearly. Single white men have 438 times the assets as single Black women and 365 times that of single Hispanic women. As we can see, marriage is a huge determinant of wealth – but mainly if you’re not white, and especially if you’re a woman.

As the report notes, owning a car is an important way to access more employment opportunities among other things. But that wealth is not easily accessible in dollar terms, which is highly relevant for the following reason. Great disparities of wealth not only have a huge impact on life opportunities and the prospects for wealth accumulation. They are hugely important factor in the precariousness of economic life experienced by different demographic groups.

More here

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On This Day

President Obama talks with Chief of Staff Rahm Emanuel outside of the Oval Office on July 31, 2009 (Photo by Pete Souza)

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