stimulus plan

The Hidden Cost of Big Wall Street Bonuses to Society

Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won't happen while the huge campaign contributions keep flowing. And the financial industry's big money shell game drains away something more precious from our society than money -- it siphons off talent.

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

QE2, Day One: Fed Buys $7.3 Billion in Treasuries

Fed Completes First Day oThe Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation's economy, media reports indicate. The plan, designed to boost job creation and prevent deflation, has been highly criticized. f QE2 Treasuries Purchases

Daily Blogwatch: Is Google a Monopoly?

Some of the best reads for investors from around the Web, including posts evaluating how consumers spend their money, whether Google could be considered a monopoly and the debate about the Fed's policy on quantitative easing.

Japan PM Announces $11 Billion Stimulus Plan, Asian Markets Rise

Minister Naoto Kan announced a new $11 billion stimulus plan designed to promote job creation, coax shoppers back into stores, and stem the surge in the value of the yen. In China the Shanghai Composite Index inched up 0.3% and Hong Kong's Hang Seng Index added 0.4%.

Obama Pushes His New Stimulus Plan

President Obama is speaking in Cleveland Wednesday, laying out more details of his plan to get the economic recovery back in gear: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make capital improvements now rather than later.

Stimulus Helped the Economy, but It Won't Matter in November

Economists say the Obama administration's stimulus program actually saved the country's economy from plunging into the Great Depression 2.0. Yet that news will likely fail to sway voters who believe the current administration didn't do enough to support the economy.

Time for Stimulus 2.0? The Debate Grows Louder

The recent litany of bad tidings has renewed the arguments about whether further government stimulus spending is necessary to reinvigorate the economy. And not surprisingly, economists are split in their answers.

A Modest Proposal for Easing Unemployment

Many economists are content to battle royally over the wisdom of stimulus spending. But here's straightforward recommendation from Yale's Robert Shiller: The U.S. government should simply hire workers directly for public services, much as it did during the Great Depression.

Just Enough Inflation? Core CPI Up 0.2% in June

The Consumer Price Index fell 0.1% in June, but the core rate rose a higher-than-expected 0.2%, which suggests that the slowing U.S. economic recovery has lowered inflation. But it hasn't triggered deflation -- at least not yet.

Stimulus Spending: Less Argument, More Action

The academic tussle over stimulus spending is a sign that the Establishment has run out of ideas about how to turn around a limping economy. America needs effective policy responses now -- not a raging battle in ivory towers.

Why Politics Makes It Hard to Fix the Banks

Banks are not the enemy. Although many imperfections exist in our financial system, turning banks into a target or a tool for recovery will end poorly. Over time, things will work out in the absence of counterproductive, even if well-intentioned, meddling.

The State of the Union
Will Depend on Jobs

During his address Wednesday night, look for President Obama to focus on solutions for problem No. 1: The lack of jobs. Employment growth will determine not just the economy's fate, but also that of the Democratic majorities in Congress -- and possibly of Obama's presidency.