Word: jump-start
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...Stimulus Trojan Horse During the debate over the $787 billion stimulus package, Obama made no secret of his goal. "We're going to have to jump-start this economy," he said over and again in different variations. The goal was to get the economy moving, and the method was to create jobs. As lawmakers haggled over the bill, Obama only rarely mentioned the ancillary policy benefits of the largest single federal spending effort in the nation's history. Last week in Denver, when he signed the bill, Obama changed his tune. What was once a jobs program suddenly became...
...first glance Ottawa's C$125 billion pales in comparison to the $1-trillion "bad bank" being contemplated by Obama to jump-start lending in the U.S.; however, accounting for differences in size between the two economies, the figures are nearly identical. If Canadian banks, ranked best capitalized in the G7 according to the Geneva-based World Economic Forum, are sitting on massive cash injections to healthy balance sheets, what can Obama expect from U.S. banks...
...reinforces the U.S. experience with TARP: government loses control of stimulus money once it falls into the hands of recipients. Obama needs to be realistic about what the "bad bank" can accomplish - namely relieving banks of some junk assets at considerable cost to the taxpayer. It won't jump-start consumer lending - at least not in the foreseeable future if the lesson of Prime Minister Stephen Harper's experience is anything...
...some grumbling overseas about "buy American" provisions in the stimulus bill, but for the most part, officials elsewhere don't want to step on the toes of a new President to whom they are favorably disposed. They also don't want to endanger legislation that they hope will help jump-start the global economy...
...stimulus package pushed by Barack Obama big enough to jump-start the economy? KGB: We think that its success lies with the support of his fellow leaders & his constituents. Thx. (Response time: 4 minutes...