stimulus package

We do requests:

“I’m leaving on vacation or I would do it, but can someone do an overlay chart of the post-WWII recessions and the subsequent recovery?

I suspect we’ll see a pattern. Recessions tend to end after a certain number of months, depending on the depth of the recession, whether Congress spends money or not.” – FH

Some welcome news for the White House, and the numbers could be even higher.

First, from the Wall Street Journal:

The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage points higher than it would have been without the program.

[...]

The administration’s claim of nearly 640,000 jobs created or “saved” by the $787 billion stimulus bill continues to be savaged by traditional media outlets for inaccuracies.

From the Washington Examiner:

Obama supporter Camille Paglia in the pages of Salon:

“The president is promoting the most colossal, brazen bait-and-switch operation since the Bush administration snookered the country into invading Iraq with apocalyptic visions of mushroom clouds over American cities.”

Rising unemployment has Americans worried. Many are concerned that the economy isn't getting any better. And in Congress, the debate over the $787 billion stimulus package has resurfaced.

Rep. Eric Cantor, the Republican whip from Virginia, talks with Steve Inskeep about the economy. He says investments have to be made in small businesses, so in turn, those businesses will create jobs.

Whenever Warren talks, people listen, but my gut tells me that a second stimulus is still politically impossible right now.

Especially since nearly 90% of the original $787B is left to spend (which Dems are bemoaning)

As the unemployment rate rises, there have been calls for another stimulus package — even though there are few visible signs that the last injection of funds has had an effect.

And while voters are increasingly unhappy about unemployment, they are also increasingly concerned about rising deficits.

David Wessel of The Wall Street Journal talks with Renee Montagne about whether another stimulus package is necessary.

Talked about this recently when Biden admitted that there might be need for a second stimulus package at some point, but that the administration wanted to see how the first round would suss out.

Still, looks like Dems need to get their stories straight because they aren’t saying the same things.

Shovel-ready projects play a big role in the federal stimulus package. But one New England software company found there's a lot of stimulus money available for virtual shovel-ready projects.

The company also discovered that a touch of Hollywood can go a long way toward winning a job. Jon Greenberg reports for New Hampshire Public Radio.

Thanks to the Federal stimulus package, a controversial Federal courthouse will be constructed on the west side of Republic Square Park in the heart of downtown.