Stimulus
Posted at 9:34am on Feb. 4, 2008 Another day, another load of mixed signals to job makers
By RightMichigan.com
Cross-posted on Right Michigan at www.RightMichigan.com.
Discussion ramps up this week in Washington, D.C. and Lansing, Michigan over various budget and stimulus plans aimed at getting various economies out of various stages of recession. The national economy hasn't entered a recession just yet but fears are running high and the Republicans and Democrats are all trying to hurdle one another on the road to one plan or another. Here in Michigan we've been in a single-state recession for the last six years or so and the Governor is racing back to that same old bag of tricks that have failed to correct the ship her first five years in office.
Posted in Breaking News | Carl Levin | jennifer granholm | Michigan | senate | Stimulus | tax break | tax hike | tax refund — Comments (0) / Email this page » / Read More »
Posted at 10:09am on Jan. 25, 2008 Is It Too Early to Declare the Recession Over?
Stimulus-To-Nowhere
By blackhedd
The most salient feature of the current economic and financial environment, and what makes it different from much of the past, is uncertainty. Measurements of current activity, investment patterns and credit markets are giving a conflicting picture of the global economy. No one knows for sure whether business will pick up, which makes everyone reluctant to take risk.
As day follows night, the increased uncertainty leads to expectations of lower economic activity. In the everyday world, where reality is whatever journalists say it is on any given day, all of this translates into fears of recession.
If you've been reading me for a while, you know I've been warning of a slowdown since the early days of the credit crisis that exploded in the financial world late last spring. Over the last several days, I've been catching very faint signs that we've turned the corner, and the next direction is up.
For one thing, this means that the budget-busting circle-jerk now taking place in Congress over a Keynesian stimulus package is an epic exercise in futility.
Keep reading...
Posted in Congress | Economy | Stimulus — Comments (22)/ Email this page » / Read More »
Posted at 9:49am on Jan. 18, 2008 What The Financial Markets Are Telling Us About the Economy
Should we Stimulate? "We're All Keynesians Again."
By blackhedd
The question on all lips in this week's edition of the political fights is: should the Federal government apply a Keynesian stimulus to the US economy, in order to forestall a recession?
You've read no end of answers this week here on RedState and other places. I'm even guilty of stirring the pot myself. I happen not to believe that the kinds of packages being discussed ("fast-acting, targeted at the hardest-hit") will necessarily do anything to improve conditions in the near term, and certainly not in the long term.
But what are the financial markets telling us about the outlook this gloomy Friday morning here in New York? They're telling us they're scared.
Read on...
Posted in Crude Oil | Economy | Markets | Stimulus — Comments (77)/ Email this page » / Read More »
