economic stimulus

Why the Green Jobs Movement Failed

"Federal and state efforts to stimulate creation of green jobs have largely failed," the New York Times reported last week, drawing similar conclusions to the ones we drew in our essay for The New Republic last October.  read more »

The Rest of the Story on Krugman and the Economy

Paul Krugman really doesn’t like the possibility that there is a structural shift in employment, because it weakens the argument for the massive Keynesian spending spree he’d like to see the government initiate.  To that end, he published this piece on his blog February 13th.  read more »

McClatchy-Medill: Real $timulating News

I saw this story in the Omaha World Herald last week: Benefits of stimulus bill spread unevenly over U.S. As I read through it, I became increasingly impressed. The journalists start off by laying out who said what about the benefits of stimulus spending. They provide quotes and facts from the White House, the Congressional Budget Office, and Joe Biden’s spokesperson.  read more »

The Fog of Stimulus

The news is full of stories about the the impact of the ARRA on job creation, including this one from the The Wall Street Journal about a shoe store owner who created or saved nine jobs with less than $900.  read more »

Layout for the Bailout: $3.8 Trillion and Counting

Bloomberg.com reporters Mark Pittman and Bob Ivry are reporting a running total of the money the U.S. government has pledged and spent for bailouts and economic stimulus payments. The total disbursed through February 24, 2009 stands at $3.8 trillion; the total commitment is $11.6 trillion. The Federal Reserve is providing the largest share at $7.6 billion, followed by the U.S. Treasury $2.2 trillion and FDIC $1.6 trillion.  read more »