Redstate

Posted at 9:09am on Feb. 11, 2008 Economists: Granholm's economy worst since Great Depression!

By RightMichigan.com

Cross-posted on Right Michigan at www.RightMichigan.com.

Yikes.  This can't be what the Granholm administration was hoping to hear from an Ann Arbor think tank.  A recent study undertaken by a group of big brains down around the University of Michigan examined the State's biggest metropolitan areas along with the other big cities across the country to figure out where exactly the rest of the big brains are choosing to locate.

Posted in Archived | Congress | Economic Stimulus | Economy | jennifer granholm | Michigan | rebate | tax cut | tax hike — Comments (1) / Email this page » / Read More »

Posted at 4:02pm on Jan. 15, 2008 A Skeptical View of the Democrats' Stimulus Ideas

Rep. Mike Rogers Sounds Alarm on Tax-and-Spend Policies

By Bluey

With all eyes on Michigan for today’s Republican primary, I interviewed one of the Wolverine State’s congressman, Rep. Mike Rogers, about Michigan’s economic struggles, the likelihood of a presidential executive order on earmarks and what he expects for the upcoming year on Capitol Hill.

Despite the exciting activity taking place across his state today, Rogers is in Washington for the start of a new session of Congress. Without a favorite in the GOP race for president, he’s remaining focused on policy debates on Capitol Hill, perhaps none bigger than the economic stimulus package being discussed by President Bush and congressional Democrats.

Rogers knows firsthand what it’s like to live through a poor economy. His state has suffered more than any other under the leadership of Gov. Jennifer Granholm, whose tax-and-spend plan to revive the state’s economy backfired miserably and has left Michigan with a 7.4% unemployment rate.

Now that all eyes have turned to the national economy, Rogers said it’s not surprising to see Sen. Hillary Clinton put forward a plan that would do more harm than good. Clinton’s massive proposal would cost a whopping $70 billion and serve mostly as a short-term handout to the neediest families. According to the Republican National Committee, which maintains a “Spend-O-Meter” for Clinton’s proposals, her latest plan would bring the total to $848.6 billion in new spending during just one term in office.

Continued on the jump ...

Posted in Congress | Economic Stimulus | Granholm | Michigan — Comments (5)/ Email this page » / Read More »

Posted at 9:24pm on Jan. 14, 2008 Chairman Ben Bernanke on Economic Stimulus

"INCHOATE"

By blackhedd

Noted as a followup to my piece on Democratic proposals to stimulate the economy: Federal Reserve Chairman Ben Bernanke and House Speaker Nancy Pelosi had a sitdown today.

The subject was a package of legislative items designed to "stimulate the economy," which presumably means to forestall the recession that many people consider likely this year.

Pelosi's in favor. Bernanke made a few happy noises.

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Posted in Bernanke | Congress | Economic Stimulus | Economy | federal reserve — Comments (18)/ Email this page » / Read More »

Posted at 10:57am on Jan. 14, 2008 Everyone Has an Economic Stimulus Plan This Week

Clinton, Obama, maybe even President Bush

By blackhedd

The political discourse turned to economic matters in the last few days. We got the usual spate of bizarre and uninformed questions from MSM journalists to all of the primary contenders. These are ignorable for the most part. We also got proposals for "fast-acting economic stimulus packages" from the two Dem frontrunners and co-dependents, Hillary Clinton and Barack Obama.

Their proposals are worth picking apart, mostly by way of showing how mired in the past these two people are when it comes to economic policy. President Bush has also threatened to propose a "stimulus" package, but nothing has leaked out yet.

Does it even need to be said that, with these proposals, the Democrats are trying to solve not an economic problem but a political one?

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Posted in Democrats | Economic Stimulus | Economy — Comments (18)/ Email this page » / Read More »