From the White House to Mar-a-Lago, the Recovery Act's effects are inescapable.
It's a debate over what Obama accomplished -- and what he didn't.
At some point, the economy will fall into another recession or even experience another financial crisis. When either or both occur, policymakers must be ready to use the resources of government to restore a weak economy to health, not stand aside.
Federal Medicaid funding -- which makes up close to half of federal aid to states -- will rise in coming years, partly due to health reform's coverage expansions. But federal support for most other state and local activities will likely continue shrinking.
Is there a bias against public investment in clean energy? Just ask Tesla Motors founder Elon Musk.
A host of other jobs measures contributed to the economic recovery, including the extensions of unemployment insurance, the
When the stimulus was kicking in, adding significant demand to the economy, real GDP and job growth quickly turned less negative, with GDP turning positive later in 2009, and job growth beginning in early 2010. Moreover, as the stimulus flattened, so did they.
To prevent another Great Depression, Obama signed the American Recovery and Reinvestment Act less than a month after being sworn into office. Since then, we've seen eleven consecutive quarters of GDP growth, and thirty straight months of private-sector job growth.
"Nobody explained the stimulus and nobody explained the health care bill," Catalani said. "It should have been just literally
Politicians love to name-check community colleges (they've been mentioned in every State of the Union, save one, since 1996
The American Recovery and Reinvestment Act, aka the Stimulus, became law in February 2009 and included $282 billion in tax
The Congressional Budget Office just released a very thorough update of their high quality household income series, adding data through 2009. There's so much in here it will be weeks before I can work my way through all of its nooks and crannies, but so far, something's jumped out at me. Man, I gotta say: when it comes to federal taxation, there is just no case in the data to be made in any way, shape or form that we Americans are overtaxed. Not middle income, not high income -- not the overall average. Not relative to other countries and not relative to our historical rates back to 1979. In fact, there's a strong, reality-based case in to be made for new revenues in any deal to stabilize the debt situation, starting at the top of the income scale.
My parents were first-generation Latino immigrants. I had six siblings. My family didn't have a lot of money. So to get ahead, we had to work twice as hard. And to find a summer job, we sometimes had to look twice as hard.