EconomicStimulus News

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Opinion: Obama's Jobs Problem

(July 16) -- President Barack Obama invited Bill Clinton and Warren Buffett to the White House this week for some advice on how to kick-start the economy's jobs machine -- something that the $787 billion stimulus package passed last year was supposed to achieve. But Obama doesn't need to go around seeking advice from...

US Economy Grows at Fastest Pace Since 2003

(Jan. 29) -- The Commerce Department reported today that the U.S. economy grew at its fastest pace in six years at the end of 2009. Although consumer spending rose at a better-than-expected annualized rate of 2 percent, it was the replenishment of company stockpiles that proved the main factor, which can often point to...

Opinion: The Way Forward on the Economy

(Jan. 25) – In his new book, "Freefall: America, Free Markets and the Sinking of the World Economy," Nobel Prize-winning economist Joseph E. Stiglitz takes to task the banks, their regulators, and the Bush and Obama administrations for failing to see the financial crisis coming, and then doing too little to avert it....

Opinion: On Jobs, What's New Is New Again

(Dec. 8) -- Attention spans are notoriously short in Washington, but this is a bit ridiculous. "President Barack Obama will Tuesday lay out three new approaches to battling the U.S. jobs crisis," said one news account posted before Obama's speech later in the day. The "new" approaches he put forward: more money for roads...

Opinion: Here's an Idea Obama Isn't Likely to Hear at His Jobs Summit

(Dec. 2) - President Obama has said he wants fresh ideas for his jobs summit Thursday. Here's one he's not likely to hear: Don't do anything. Economic indicators suggest the jobless rate will fall on its own, and "doing something" could easily hurt more than it helps. Don't think so? Take a look at history. In 1921, amid...