Ask Unemployed How the Stimulus is Working
Posted in Main Blog (All Posts) on August 27th, 2010 4:31 am by HL
Ask Unemployed How the Stimulus is Working
D. Furchtgott-Roth, RCM
WASHINGTON – How well is the stimulus working? This week saw disappointing data in durable goods orders and housing, prompting some economists to predict a double dip recession.Yet on Tuesday the nonpartisan Congressional Budget Office issued a report showing that the American Recovery and Reinvestment Act of 2009 increased the number of people employed by between 1.4 and 3.3 million people in the second quarter of 2010 and lowered unemployment by 0.7 to 1.8 percentage points.CBO concludes that without the Recovery Act unemployment, which stood at 9.5% in July, might exceed 10% and possibly…
Why Democrats Will Keep The House
Reid Wilson, Hotline On Call
House Republicans are measuring the drapes in preparation for big gains in the lower chamber, convinced that Minority Leader John Boehner is going to become the next Speaker of the House. On a macro level, that wouldn't be a bad guess — Democrats are saddled with bad polls and unpopular leaders, and the national mood wants a change from the status quo.But the Democratic apocalypse isn't guaranteed just yet. In fact, senior Democratic strategists say they're not only likely to keep the House, but they believe the GOP won't come close to gaining the 39 seats they need to…
Am I a Bigot? Pols Clueless on Ground Zero Mosque
Nat Hentoff, Cato
The angry national debate over Imam Feisal Abdul Rauf's intention to build a mosque two blocks north of the horror of 9/11 at Ground Zero has been further fueled by supporter Nancy Pelosi declaring, “I join those who have called for looking into how … this opposition to the mosque is being funded.”If one of her sleuths knocks on my door, this opponent will readily state that I need no outside funding as a reporter who is deeply investigating the motivation of Imam Rauf's choice of this site of mass murder for the mosque. I will add that, of course, all American Muslims…
