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What do you think of President Obama's fiscal stimulus package in helping to turn the economy around? The bill that provided something like $800 billion for spending on government projects was supposed to make people willing to spend their own money. But that hasn't happened. The implicit belief of the Obama Administration is that you needed fiscal stimulus [i.e., more government spending], and that's why they passed this enormous stimulus bill. But from my observation of how, historically, expansions have come to an end and how recovery has happened, it's always in terms of monetary stimulus...
...needs to print more money? An increase in the money supply has historically always motivated people to spend and end a recession. And I don't know if there's any evidence that fiscal stimulus has the same effect on people's habits. All that Obama's fiscal stimulus bill has achieved is to put an enormous fiscal deficit on the Federal Government. (See pictures of the dangers of printing money...
...will take relentless focus to sell health reform and solve the continuing economic crisis. That will not leave much time for climate change, at least not this year - and that is a good thing, because the Waxman-Markey energy bill passed by the House is an excellent candidate for euthanasia. It is a demonstration of all that's wrong with the legislative process in latter-day America. There is a simple solution to this problem: a carbon tax to discourage people from using fossil fuels. That tax could be immediately refunded in the form of lower payroll taxes...
...health-care-reform package produced by Congress will be landmark," the Democratic lawmakers wrote, "and with legislation as important as this, abortion must be addressed clearly in the bill text." Pelosi's office is negotiating with the lawmakers to find some way to accommodate their concerns, but thus far, they haven't found...
Insource had been contracted by Hillel in 2000 to handle its accounting and bill paying duties, and O'Brien was hired by Insource in 2003 to oversee those day to day financial tasks, the release stated...